Reservoir Media (RSVR) Set to Announce Quarterly Earnings on Wednesday

Reservoir Media (NASDAQ:RSVR – Get Rating) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, May 31st. Analysts expect the company to announce earnings of $0.06 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Reservoir Media Trading Down 0.2 %

Shares of RSVR stock opened at $6.60 on Wednesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.24 and a current ratio of 1.36. Reservoir Media has a 1 year low of $4.42 and a 1 year high of $7.97. The stock has a fifty day moving average of $6.28 and a two-hundred day moving average of $6.40. The firm has a market capitalization of $424.97 million, a PE ratio of 47.14, a price-to-earnings-growth ratio of 3.14 and a beta of 1.27.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in RSVR. Barclays PLC boosted its position in Reservoir Media by 533.4% during the 4th quarter. Barclays PLC now owns 5,492 shares of the company’s stock worth $33,000 after acquiring an additional 4,625 shares during the period. American International Group Inc. acquired a new position in Reservoir Media during the 2nd quarter worth $62,000. MetLife Investment Management LLC acquired a new position in Reservoir Media during the 4th quarter worth $74,000. Bank of America Corp DE boosted its position in Reservoir Media by 27.2% during the 4th quarter. Bank of America Corp DE now owns 13,941 shares of the company’s stock worth $83,000 after acquiring an additional 2,977 shares during the period. Finally, Deutsche Bank AG boosted its position in Reservoir Media by 46.6% during the 1st quarter. Deutsche Bank AG now owns 13,225 shares of the company’s stock worth $86,000 after acquiring an additional 4,204 shares during the period. Institutional investors and hedge funds own 42.02% of the company’s stock.

About Reservoir Media

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Reservoir Media, 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 acquisition of sound recording catalogs; discovery and development of recording artists; and marketing, distribution, sale, and licensing of the music catalogs.