Reservoir Media (RSVR) Scheduled to Post Earnings on Tuesday

Reservoir Media (NASDAQ:RSVRGet Rating) is scheduled to release its earnings data before the market opens on Tuesday, June 21st. Analysts expect Reservoir Media to post earnings of $0.07 per share for the quarter.

RSVR traded up $0.10 during trading on Friday, reaching $6.59. 34 shares of the stock traded hands, compared to its average volume of 93,251. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.21 and a quick ratio of 1.10. The stock’s 50-day simple moving average is $7.89 and its two-hundred day simple moving average is $7.74. Reservoir Media has a fifty-two week low of $5.33 and a fifty-two week high of $10.84.

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Reservoir Media by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 881,761 shares of the company’s stock valued at $8,667,000 after purchasing an additional 2,216 shares during the last quarter. UBS Group AG acquired a new position in shares of Reservoir Media during the third quarter worth $2,487,000. Geode Capital Management LLC grew its stake in shares of Reservoir Media by 24.2% in the fourth quarter. Geode Capital Management LLC now owns 262,518 shares of the company’s stock worth $2,076,000 after purchasing an additional 51,110 shares during the last quarter. Bank of Montreal Can bought a new stake in Reservoir Media during the first quarter valued at $1,821,000. Finally, Millennium Management LLC bought a new position in shares of Reservoir Media during the 3rd quarter worth about $1,509,000. Hedge funds and other institutional investors own 39.51% of the company’s stock.

Reservoir Media Company Profile (Get Rating)

Reservoir Media Management, Inc operates as a music publishing company. It operates in two segments, Music Publishing and Recorded Music. The Music Publishing segment acquires interests in music catalogs, as well as signs songwriters. The Recorded Music segment engages in the discovery and development of recording artists; and marketing, distribution, sale, and licensing of the music catalogs.

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