Two Sigma Advisers LP Decreases Position in Reservoir Media, Inc. (NASDAQ:RSVR)

Two Sigma Advisers LP cut its position in Reservoir Media, Inc. (NASDAQ:RSVR) by 8.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 17,200 shares of the company’s stock after selling 1,600 shares during the period. Two Sigma Advisers LP’s holdings in Reservoir Media were worth $156,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of RSVR. JPMorgan Chase & Co. raised its holdings in shares of Reservoir Media by 58.9% during the fourth quarter. JPMorgan Chase & Co. now owns 104,146 shares of the company’s stock valued at $943,000 after purchasing an additional 38,609 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Reservoir Media by 18.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 352,568 shares of the company’s stock valued at $3,191,000 after buying an additional 55,396 shares during the period. Barclays PLC grew its position in Reservoir Media by 9.1% during the fourth quarter. Barclays PLC now owns 66,537 shares of the company’s stock valued at $603,000 after buying an additional 5,549 shares during the period. Schonfeld Strategic Advisors LLC bought a new stake in Reservoir Media during the fourth quarter valued at approximately $1,131,000. Finally, Northern Trust Corp grew its position in Reservoir Media by 2.5% during the fourth quarter. Northern Trust Corp now owns 203,686 shares of the company’s stock valued at $1,843,000 after buying an additional 4,983 shares during the period. 44.38% of the stock is owned by hedge funds and other institutional investors.

Reservoir Media Stock Performance

RSVR stock opened at $7.30 on Friday. The company has a market capitalization of $476.71 million, a PE ratio of 66.37, a P/E/G ratio of 7.16 and a beta of 0.90. Reservoir Media, Inc. has a 12 month low of $6.56 and a 12 month high of $9.83. The firm’s 50-day moving average is $7.31 and its 200 day moving average is $7.94. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.20 and a quick ratio of 1.20.

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

Analyst Ratings Changes

A number of research firms have weighed in on RSVR. B. Riley reiterated a “buy” rating and issued a $11.50 price target (down from $12.50) on shares of Reservoir Media in a research report on Friday. Wall Street Zen raised shares of Reservoir Media from a “sell” rating to a “hold” rating in a research note on Saturday.

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.