Akanthos Capital Management buys $486,190 stake in Sito Mobile Ltd (SITO)

Sito Mobile Ltd (SITO) : Akanthos Capital Management scooped up 27,600 additional shares in Sito Mobile Ltd during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 116,397 shares of Sito Mobile Ltd which is valued at $486,190.Sito Mobile Ltd makes up approximately 1.49% of Akanthos Capital Management’s portfolio.

Other Hedge Funds, Including , Walleye Trading added SITO to its portfolio by purchasing 400 company shares during the most recent quarter which is valued at $1,671. Baird Financial Group added SITO to its portfolio by purchasing 64,999 company shares during the most recent quarter which is valued at $271,501.Blackrock Fund Advisors boosted its stake in SITO in the latest quarter, The investment management firm added 27,431 additional shares and now holds a total of 30,420 shares of Sito Mobile Ltd which is valued at $127,064.

Many Wall Street Analysts have commented on Sito Mobile Ltd. Sito Mobile Ltd was Initiated by Craig Hallum to “Buy” on Jul 6, 2016. Maxim Group Initiated Sito Mobile Ltd on Jun 13, 2016 to “Buy”, Price Target of the shares are set at $8.

SITO Mobile Ltd. is a technology-based mobile solutions provider serving businesses advertisers and brands. The Company offerings include SITO location-based advertising and SITO mobile messaging. It offers FollowMe which is a location-based mobile application advertisers targeting service. FollowMe provides a product to deliver location-based mobile advertisements directly to consumers’ smartphones for retailers and advertisers. Its SITO location-based advertising platform delivers display advertisements and videos on behalf of advertisers including geo-fencing; Verified Walk-in; behavioral targeting and analytics and optimization. Its SITO mobile messaging includes a platform for building and controlling tailored programs including messaging and customer incentive programs. SITO mobile messaging platform creates a direct channel to customers; builds customer loyalty; drive consumer interaction to increase sale and offers Everywhere a campaign management platform.

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