Yakira Capital Management INC Increased Orbotech LTD (ORBK) Stake by $4.21 Million as Shares Declined

Orbotech Ltd. (NASDAQ:ORBK) Corporate Logo

Yakira Capital Management Inc upped its stake by 149.25% in Orbotech Ltd (ORBK), according to 2018Q3 SEC filling. The company’s stock declined 5.26% with the market as Yakira Capital Management Inc bought 71,412 shares. At the end of 2018Q3, the hedge fund held 119,260 shares of the industrial machinery and components company, priced at $7.09 million, up from 47,848 at the end of the previous reported quarter. Yakira Capital Management Inc has cut its stake in Reaves Util Income Fd (UTG) and also reduced its holding in At&T Inc (NYSE:T) by 363,472 shares in the quarter, for a total of 223,829 shares.

For more Orbotech Ltd. (NASDAQ:ORBK) news released briefly go to: Seekingalpha.com, Nasdaq.com, Fool.com, Nasdaq.com or Nasdaq.com. The titles are as follows: “Merger Arbitrage Mondays – December 31, 2018 – Seeking Alpha” released on December 31, 2018, “Analysts Estimate Orbotech (ORBK) to Report a Decline in Earnings: What to Look Out for – Nasdaq” on October 31, 2018, “4 Key Takeaways from KLA Corporation’s Earnings Report – Motley Fool” with a publish date: February 06, 2019, “Orbotech (ORBK) Reports Next Week: What to Know Ahead of the Release – Nasdaq” and the last “ORBK Crosses Above Key Moving Average Level – Nasdaq” with publication date: January 25, 2019.

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