AMH Equity Ltd Acquires New Shares in Ondas Holdings Inc. (NASDAQ:ONDS)

AMH Equity Ltd acquired a new position in Ondas Holdings Inc. (NASDAQ:ONDS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 372,000 shares of the company's stock, valued at approximately $952,000. Ondas comprises about 0.9% of AMH Equity Ltd's holdings, making the stock its 27th biggest holding. AMH Equity Ltd owned 0.48% of Ondas at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Diamond Hill Capital Management Inc. boosted its position in shares of Ondas by 35.8% during the third quarter. Diamond Hill Capital Management Inc. now owns 407,400 shares of the company's stock worth $314,000 after acquiring an additional 107,400 shares during the last quarter. Geode Capital Management LLC raised its stake in Ondas by 12.8% during the third quarter. Geode Capital Management LLC now owns 622,595 shares of the company's stock valued at $480,000 after purchasing an additional 70,502 shares in the last quarter. Koshinski Asset Management Inc. raised its stake in Ondas by 15.2% during the fourth quarter. Koshinski Asset Management Inc. now owns 37,940 shares of the company's stock valued at $97,000 after purchasing an additional 5,000 shares in the last quarter. Wealth Effects LLC raised its stake in shares of Ondas by 23.4% in the fourth quarter. Wealth Effects LLC now owns 207,900 shares of the company's stock valued at $532,000 after acquiring an additional 39,400 shares during the period. Finally, Penbrook Management LLC purchased a new stake in shares of Ondas in the fourth quarter valued at $28,000. 37.73% of the stock is currently owned by institutional investors.

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Ondas Stock Up 1.4 %

Shares of NASDAQ:ONDS traded up $0.01 during trading on Friday, reaching $0.98. The stock had a trading volume of 1,841,283 shares, compared to its average volume of 5,635,803. The company has a market capitalization of $89.85 million, a P/E ratio of -1.37 and a beta of 1.89. The company has a current ratio of 0.43, a quick ratio of 0.21 and a debt-to-equity ratio of 0.02. The firm's 50-day simple moving average is $1.96 and its 200 day simple moving average is $1.24. Ondas Holdings Inc. has a one year low of $0.54 and a one year high of $3.40.

Wall Street Analyst Weigh In

Separately, Northland Securities raised their price target on shares of Ondas from $1.50 to $4.00 and gave the stock an "outperform" rating in a research note on Monday, December 30th.

Insiders Place Their Bets

In related news, Director Randy Seidl sold 21,359 shares of Ondas stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $1.29, for a total value of $27,553.11. Following the sale, the director now owns 124,513 shares of the company's stock, valued at approximately $160,621.77. This trade represents a 14.64 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 13.90% of the stock is currently owned by insiders.

About Ondas

Ondas Holdings Inc, through its subsidiaries, provides private wireless, drone, and automated data solutions. It operates in two segments, Ondas Networks and Ondas Autonomous Systems. The company designs, develops, manufactures, sells, and supports FullMAX, a software defined radio (SDR) platform for wide-area broadband networks.