Jane Street Group LLC Buys New Position in Cineverse Corp. (NASDAQ:CNVS)

Jane Street Group LLC purchased a new position in shares of Cineverse Corp. (NASDAQ:CNVS) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 21,617 shares of the company’s stock, valued at approximately $79,000. Jane Street Group LLC owned 0.14% of Cineverse as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Northern Trust Corp boosted its holdings in shares of Cineverse by 62.4% in the fourth quarter. Northern Trust Corp now owns 21,178 shares of the company’s stock valued at $77,000 after acquiring an additional 8,139 shares during the period. Dimensional Fund Advisors LP acquired a new stake in Cineverse during the 4th quarter worth $66,000. Renaissance Technologies LLC grew its position in Cineverse by 580.0% during the 4th quarter. Renaissance Technologies LLC now owns 148,247 shares of the company’s stock worth $541,000 after purchasing an additional 126,447 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Cineverse by 24.4% in the fourth quarter. Geode Capital Management LLC now owns 139,716 shares of the company’s stock valued at $510,000 after purchasing an additional 27,412 shares during the period. Institutional investors and hedge funds own 8.19% of the company’s stock.

Cineverse Stock Performance

Shares of NASDAQ:CNVS opened at $3.63 on Monday. Cineverse Corp. has a one year low of $0.72 and a one year high of $4.89. The stock has a market capitalization of $58.01 million, a price-to-earnings ratio of -3.46 and a beta of 1.33. The company has a 50-day simple moving average of $3.08 and a 200-day simple moving average of $3.50.

About Cineverse

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.