Reservoir Media (RSVR) to Release Quarterly Earnings on Tuesday

Reservoir Media (NASDAQ:RSVR) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, November 7th. Analysts expect the company to announce earnings of $0.03 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 Up 4.0 %

Shares of RSVR stock opened at $5.95 on Friday. Reservoir Media has a 1-year low of $5.19 and a 1-year high of $7.77. The company has a current ratio of 1.19, a quick ratio of 1.09 and a debt-to-equity ratio of 0.93. The stock has a market cap of $385.02 million, a price-to-earnings ratio of 148.79, a PEG ratio of 6.73 and a beta of 0.99. The stock has a 50-day moving average of $5.76 and a 200-day moving average of $5.92.

Insider Buying and Selling at Reservoir Media

In other Reservoir Media news, Director Ezra S. Field acquired 10,000 shares of the stock in a transaction dated Monday, August 14th. The stock was purchased at an average cost of $5.39 per share, with a total value of $53,900.00. Following the transaction, the director now owns 110,196 shares in the company, valued at approximately $593,956.44. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders own 26.27% of the company’s stock.

Institutional Investors Weigh In On Reservoir Media

Several large investors have recently added to or reduced their stakes in the business. Barclays PLC boosted its holdings in shares of 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 buying an additional 4,625 shares in the last quarter. American International Group Inc. acquired a new stake in Reservoir Media in the second quarter worth $62,000. Wells Fargo & Company MN raised its holdings in shares of Reservoir Media by 55.1% during the second quarter. Wells Fargo & Company MN now owns 10,246 shares of the company’s stock valued at $62,000 after purchasing an additional 3,639 shares during the period. MetLife Investment Management LLC acquired a new position in shares of Reservoir Media during the fourth quarter valued at about $74,000. Finally, Bank of America Corp DE grew its stake in shares of Reservoir Media by 27.2% in the 4th quarter. Bank of America Corp DE now owns 13,941 shares of the company’s stock valued at $83,000 after buying an additional 2,977 shares during the period. Institutional investors and hedge funds own 42.98% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Roth Mkm restated a “buy” rating and set a $13.00 price target on shares of Reservoir Media in a report on Wednesday, September 13th.

Reservoir Media Company Profile

Reservoir Media, Inc operates as a music publishing company. It operates through 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.