Geode Capital Management LLC Purchases 27,412 Shares of Cineverse Corp. (NASDAQ:CNVS)

Geode Capital Management LLC increased its position in shares of Cineverse Corp. (NASDAQ:CNVS) by 24.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 139,716 shares of the company’s stock after purchasing an additional 27,412 shares during the period. Geode Capital Management LLC owned approximately 0.88% of Cineverse worth $510,000 at the end of the most recent quarter.

Separately, Virtu Financial LLC bought a new stake in Cineverse in the third quarter worth about $31,000. 8.19% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Cineverse news, Director Mary Ann Halford sold 20,000 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $3.96, for a total value of $79,200.00. Following the transaction, the director now directly owns 245,548 shares in the company, valued at $972,370.08. This represents a 7.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 14.70% of the stock is currently owned by insiders.

Cineverse Stock Performance

CNVS opened at $2.93 on Friday. Cineverse Corp. has a one year low of $0.72 and a one year high of $4.89. The stock has a market cap of $46.82 million, a price-to-earnings ratio of -2.79 and a beta of 1.62. The stock’s 50 day moving average price is $3.17 and its 200-day moving average price is $3.38.

Cineverse (NASDAQ:CNVS) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.34 EPS for the quarter. Cineverse had a positive return on equity of 7.33% and a negative net margin of 16.52%.

Cineverse Profile

Cineverse Corp. operates as a streaming technology and entertainment company. The company operates in two segments, Cinema Equipment, and Content and Entertainment. It owns and operates streaming channels, through its proprietary technology platform. The company also delivers curated content through subscription video on demand (SVOD), dedicated ad-supported (AVOD), and ad-supported streaming linear (FAST) channels, as well as social video streaming services and audio podcasts; operates OTT streaming entertainment channels; and offers monitoring, billing, collection, and verification services.