ATT Inc. (T) Saw Two Insiders Raise Their Stake In The Company

AT&T Inc. (NYSE:T) saw two insiders raise their exposure to the company. Sr. Exec. and VP of Human Resources William A. Blase Jr. and Sr. Exec. and Global Marketing Officer Catherine M. Coughlin both purchased common stock shares in the $184.71 billion market cap company. Blase  increased his stake by 647.5114 shares at an average of $35.36 per share and now holds 153,373.7859 shares indirectly, while directly having 140,483 shares. Coughlin acquired 179.2987 shares also at an average of $35.36 per share, and now indirectly has 150,054.5192 shares while directly holding 1.7532 shares in the telecommunications service provider.
Also, three major hedge funds involved with AT&T Inc. (NYSE:T) have shown increases in their investments. D.E. Shaw‘s D E Shaw fund reported an rise in exposure by 187% over the last quarter, and now has 5,753,681 shares worth around $202 million; Arrowstreet Capital, the hedge fund run by Peter Rathjens, Bruce Clarke And John Campbell, saw a 54% gain in it’s activity, now holding 5,068,645 shares worth about $178 million; Cliff Asness‘ Aqr Management lifted it’s level of activity in AT&T Inc. (NYSE:T) by 13% and now holds 4,135,943 worth approximately $145 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.