Jane Street Group LLC Lowers Holdings in Reservoir Media, Inc. (NASDAQ:RSVR)

Jane Street Group LLC reduced its stake in shares of Reservoir Media, Inc. (NASDAQ:RSVR) by 40.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 31,686 shares of the company’s stock after selling 21,332 shares during the period. Jane Street Group LLC’s holdings in Reservoir Media were worth $287,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Wells Fargo & Company MN boosted its position in shares of Reservoir Media by 22.4% during the 4th quarter. Wells Fargo & Company MN now owns 13,851 shares of the company’s stock worth $125,000 after purchasing an additional 2,531 shares in the last quarter. Meridian Wealth Advisors LLC boosted its position in shares of Reservoir Media by 49.7% during the 4th quarter. Meridian Wealth Advisors LLC now owns 14,974 shares of the company’s stock worth $136,000 after purchasing an additional 4,974 shares in the last quarter. Integrated Quantitative Investments LLC purchased a new stake in shares of Reservoir Media during the 4th quarter worth $304,000. Barclays PLC boosted its position in shares of Reservoir Media by 9.1% during the 4th quarter. Barclays PLC now owns 66,537 shares of the company’s stock worth $603,000 after purchasing an additional 5,549 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Reservoir Media by 58.9% during the 4th quarter. JPMorgan Chase & Co. now owns 104,146 shares of the company’s stock worth $943,000 after purchasing an additional 38,609 shares in the last quarter. 44.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded Reservoir Media from a “hold” rating to a “sell” rating in a research note on Friday, May 30th.

Reservoir Media Price Performance

NASDAQ:RSVR opened at $7.77 on Wednesday. Reservoir Media, Inc. has a 12-month low of $6.56 and a 12-month high of $9.83. The company’s 50-day moving average is $7.31 and its two-hundred day moving average is $7.97. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.03. The firm has a market cap of $506.86 million, a price-to-earnings ratio of 70.64, a price-to-earnings-growth ratio of 7.16 and a beta of 0.90.

Reservoir Media (NASDAQ:RSVR) last posted its earnings results on Wednesday, May 28th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.04. The firm had revenue of $41.42 million during the quarter, compared to the consensus estimate of $40.31 million. Reservoir Media had a net margin of 5.04% and a return on equity of 2.20%. Research analysts expect that Reservoir Media, Inc. will post 0.11 EPS for the current year.

About Reservoir Media

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.