Cooper Creek Partners Management Boosted Its Fusion Telecom (FSNN) Position by $775,581; Share Value Declined; Algert Global Continues to Hold Stake in Transact Technologies (TACT)

May 20, 2018 - By Marie Mckinney

Fusion Connect, Inc. (NASDAQ:FSNN) Logo

Cooper Creek Partners Management Llc increased its stake in Fusion Telecom (FSNN) by 28.77% based on its latest 2017Q4 regulatory filing with the SEC. Cooper Creek Partners Management Llc bought 258,527 shares as the company’s stock declined 12.50% with the market. The hedge fund held 1.16M shares of the technology company at the end of 2017Q4, valued at $4.34M, up from 898,706 at the end of the previous reported quarter. Cooper Creek Partners Management Llc who had been investing in Fusion Telecom for a number of months, seems to be bullish on the $182.88M market cap company. The stock decreased 1.15% or $0.06 during the last trading session, reaching $5.14. About 205,554 shares traded. Fusion Connect, Inc. (NASDAQ:FSNN) has risen 80.12% since May 20, 2017 and is uptrending. It has outperformed by 68.57% the S&P500.




Peter Algert increased its stake in Transact Technologies Inc (TACT) by 202.17% based on its latest 2017Q4 regulatory filing with the SEC. Algert Global Llc bought 108,937 shares as the company’s stock declined 4.51% with the market. The hedge fund run by Peter Algert held 162,820 shares of the computer peripheral equipment company at the end of 2017Q4, valued at $2.16 million, up from 53,883 at the end of the previous reported quarter. Algert Global Llc who had been investing in Transact Technologies Inc for a number of months, seems to be bullish on the $82.24 million market cap company. The stock increased 0.82% or $0.09 during the last trading session, reaching $11.05. About 6,120 shares traded. TransAct Technologies Incorporated (NASDAQ:TACT) has risen 55.83% since May 20, 2017 and is uptrending. It has outperformed by 44.28% the S&P500.

More notable recent Fusion Connect, Inc. (NASDAQ:FSNN) news were published by: Globenewswire.com which released: “Fusion Reports First Quarter 2018 Financial Results” on May 15, 2018, also Seekingalpha.com with their article: “Fusion Telecommunications International’s (FSNN) CEO Matt Rosen on Q1 2018 Results – Earnings Call Transcript” published on May 15, 2018, Globenewswire.com published: “Fusion Announces Closing of Birch Acquisition” on May 07, 2018. More interesting news about Fusion Connect, Inc. (NASDAQ:FSNN) were released by: Globenewswire.com and their article: “Fusion Announces Definitive Agreement to Acquire MegaPath” published on May 10, 2018 as well as Globenewswire.com‘s news article titled: “Fusion to Participate at Upcoming Investor Conferences” with publication date: May 17, 2018.

Cooper Creek Partners Management Llc, which manages about $166.42M and $154.76M US Long portfolio, decreased its stake in Brightcove Inc (NASDAQ:BCOV) by 147,884 shares to 1.12 million shares, valued at $7.93M in 2017Q4, according to the filing. It also reduced its holding in Nexstar Media Group (NASDAQ:NXST) by 26,200 shares in the quarter, leaving it with 17,124 shares, and cut its stake in Boot Barn Holdings (NYSE:BOOT).

Among 3 analysts covering Fusion Telecommunications International (NASDAQ:FSNN), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Fusion Telecommunications International had 6 analyst reports since January 4, 2017 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, August 30 by Craig Hallum. As per Thursday, January 11, the company rating was maintained by FBR Capital. The firm earned “Buy” rating on Tuesday, August 29 by B. Riley & Co. The firm has “Buy” rating given on Tuesday, November 14 by FBR Capital.

Among 2 analysts covering TransAct Technologies (NASDAQ:TACT), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. TransAct Technologies had 3 analyst reports since October 14, 2015 according to SRatingsIntel. B. Riley & Co initiated the stock with “Neutral” rating in Wednesday, October 14 report.

Since December 12, 2017, it had 0 buys, and 3 selling transactions for $565,387 activity. Another trade for 12,500 shares valued at $147,400 was sold by SCHWARZ THOMAS R.

More recent TransAct Technologies Incorporated (NASDAQ:TACT) news were published by: Businesswire.com which released: “TransAct Technologies Declares Quarterly Cash Dividend of $0.09 Per Share” on April 30, 2018. Also Businesswire.com published the news titled: “TransAct Technologies and Asia Pioneer Entertainment Sign Distribution Agreement for Asia Gaming Market” on May 07, 2018. Seekingalpha.com‘s news article titled: “TransAct Technologies’ (TACT) CEO Bart Shuldman on Q1 2018 Results – Earnings Call Transcript” with publication date: May 03, 2018 was also an interesting one.

TransAct Technologies Incorporated (NASDAQ:TACT) Institutional Positions Chart

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