Squarepoint Ops LLC Sells 5,945 Shares of Reservoir Media, Inc. (NASDAQ:RSVR)

Squarepoint Ops LLC decreased its position in shares of Reservoir Media, Inc. (NASDAQ:RSVR) by 26.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,861 shares of the company’s stock after selling 5,945 shares during the quarter. Squarepoint Ops LLC’s holdings in Reservoir Media were worth $153,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings 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 acquiring an additional 38,609 shares during the period. Dimensional Fund Advisors LP lifted its stake in Reservoir Media by 18.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 352,568 shares of the company’s stock worth $3,191,000 after purchasing an additional 55,396 shares during the last quarter. Barclays PLC lifted its stake in Reservoir Media by 9.1% during the fourth quarter. Barclays PLC now owns 66,537 shares of the company’s stock worth $603,000 after purchasing an additional 5,549 shares during the last quarter. Schonfeld Strategic Advisors LLC bought a new stake in Reservoir Media during the fourth quarter worth $1,131,000. Finally, Hurley Capital LLC bought a new stake in shares of Reservoir Media during the 4th quarter worth $1,183,000. Institutional investors own 44.38% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on RSVR shares. Wall Street Zen upgraded Reservoir Media from a “sell” rating to a “hold” rating in a research report on Saturday. B. Riley reissued a “buy” rating and issued a $11.50 target price (down previously from $12.50) on shares of Reservoir Media in a report on Friday.

Reservoir Media Price Performance

Shares of NASDAQ:RSVR opened at $7.30 on Monday. The company has a market cap of $476.71 million, a price-to-earnings ratio of 66.37, a PEG ratio of 7.16 and a beta of 0.90. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a 50 day simple moving average of $7.31 and a 200 day simple moving average of $7.93. Reservoir Media, Inc. has a one year low of $6.56 and a one year high of $9.83.

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

Reservoir Media 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.