35,907 Shares in Cineverse Corp. (NASDAQ:CNVS) Bought by Two Sigma Investments LP

Two Sigma Investments LP bought a new position in shares of Cineverse Corp. (NASDAQ:CNVS) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 35,907 shares of the company’s stock, valued at approximately $131,000. Two Sigma Investments LP owned about 0.23% of Cineverse at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Renaissance Technologies LLC boosted its stake in shares of 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 acquiring an additional 126,447 shares during the period. Geode Capital Management LLC boosted its position in Cineverse by 24.4% during the fourth quarter. Geode Capital Management LLC now owns 139,716 shares of the company’s stock worth $510,000 after purchasing an additional 27,412 shares during the period. Jane Street Group LLC bought a new position in Cineverse during the fourth quarter worth $79,000. Dimensional Fund Advisors LP acquired a new position in shares of Cineverse in the fourth quarter valued at $66,000. Finally, Millennium Management LLC bought a new position in shares of Cineverse in the fourth quarter valued at about $56,000. Institutional investors and hedge funds own 8.19% of the company’s stock.

Cineverse Stock Performance

NASDAQ CNVS opened at $3.84 on Friday. The stock has a market cap of $61.36 million, a PE ratio of -3.66 and a beta of 1.33. The firm has a 50-day moving average of $3.16 and a 200-day moving average of $3.50. Cineverse Corp. has a 52-week low of $0.72 and a 52-week high of $4.89.

Cineverse Company Profile

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.