Cubist Systematic Strategies LLC Grows Stock Position in CuriosityStream Inc. (NASDAQ:CURI)

Cubist Systematic Strategies LLC lifted its stake in CuriosityStream Inc. (NASDAQ:CURI) by 65.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,130 shares of the company’s stock after purchasing an additional 10,722 shares during the period. Cubist Systematic Strategies LLC’s holdings in CuriosityStream were worth $42,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Manatuck Hill Partners LLC boosted its holdings in CuriosityStream by 14.4% in the fourth quarter. Manatuck Hill Partners LLC now owns 550,000 shares of the company’s stock valued at $842,000 after purchasing an additional 69,100 shares during the period. Renaissance Technologies LLC boosted its holdings in CuriosityStream by 9.7% in the fourth quarter. Renaissance Technologies LLC now owns 470,900 shares of the company’s stock valued at $720,000 after purchasing an additional 41,454 shares during the period. Geode Capital Management LLC boosted its holdings in CuriosityStream by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 330,615 shares of the company’s stock valued at $506,000 after purchasing an additional 7,669 shares during the period. Penbrook Management LLC purchased a new position in CuriosityStream in the fourth quarter valued at $247,000. Finally, Delta Financial Group Inc. boosted its holdings in CuriosityStream by 17.7% in the fourth quarter. Delta Financial Group Inc. now owns 67,587 shares of the company’s stock valued at $103,000 after purchasing an additional 10,182 shares during the period. 6.79% of the stock is currently owned by hedge funds and other institutional investors.

CuriosityStream Price Performance

Shares of NASDAQ CURI opened at $6.30 on Tuesday. The company has a market capitalization of $363.04 million, a price-to-earnings ratio of -22.50 and a beta of 1.38. The business has a 50-day moving average of $3.38 and a two-hundred day moving average of $2.50. CuriosityStream Inc. has a 1 year low of $0.98 and a 1 year high of $6.37.

CuriosityStream (NASDAQ:CURI) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The company had revenue of $15.09 million during the quarter, compared to the consensus estimate of $14.95 million. CuriosityStream had a negative return on equity of 22.18% and a negative net margin of 28.56%. As a group, equities research analysts expect that CuriosityStream Inc. will post -0.2 earnings per share for the current year.

CuriosityStream Announces Dividend

The company also recently announced a dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, June 6th. CuriosityStream’s payout ratio is currently -228.57%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CURI. Needham & Company LLC lifted their price target on CuriosityStream from $2.95 to $4.80 and gave the stock a “buy” rating in a report on Wednesday, May 7th. Barrington Research raised CuriosityStream from a “market perform” rating to an “outperform” rating and set a $6.00 price target for the company in a report on Wednesday, May 7th.

CuriosityStream Profile

CuriosityStream Inc operates as a factual content streaming service and media company. The company provides premium video and audio programming services in various categories of factual entertainment, including science, history, society, nature, lifestyle, and technology through direct subscription video on-demand (SVoD) platforms accessible by internet connected devices, or indirectly via distribution partners who deliver CuriosityStream content via distributor's platform or system, as well as through bundled content licenses for SVoD and linear offerings, talks and courses, and partner bulk sales.