Squarepoint Ops LLC Purchases Shares of 62,930 Kartoon Studios Inc. (NASDAQ:TOON)

Squarepoint Ops LLC purchased a new stake in Kartoon Studios Inc. (NASDAQ:TOON) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 62,930 shares of the company’s stock, valued at approximately $37,000. Squarepoint Ops LLC owned 0.16% of Kartoon Studios as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new position in Kartoon Studios in the fourth quarter worth approximately $68,000. Jane Street Group LLC purchased a new position in Kartoon Studios in the fourth quarter worth approximately $82,000. Finally, Fortress Financial Solutions LLC purchased a new position in Kartoon Studios in the fourth quarter worth approximately $44,000. Hedge funds and other institutional investors own 8.57% of the company’s stock.

Kartoon Studios Stock Up 2.1%

Shares of Kartoon Studios stock opened at $0.78 on Wednesday. Kartoon Studios Inc. has a 52-week low of $0.46 and a 52-week high of $1.08. The company has a 50 day moving average of $0.67 and a 200 day moving average of $0.62. The company has a market capitalization of $37.28 million, a P/E ratio of -0.76 and a beta of 1.92.

Kartoon Studios Profile

Kartoon Studios Inc, a content and brand management company, creates, produces, licenses, and broadcasts educational and multimedia animated content for children worldwide. The company offers Shaq’s Garage, a children’s animated series about the secret adventures; Cocomelon that provides 3D animation videos of traditional nursery rhymes and children’s songs; Eggventurers, a preschool animated series; Barbie Productions that provides animated Barbie series; Octonauts, a children’s television series based on the children’s books; Roblox Rumble, an elimination-style competitive reality series; and Spin Master Productions.