Two Sigma Investments LP Reduces Position in CuriosityStream Inc. (NASDAQ:CURI)

Two Sigma Investments LP lessened its position in shares of CuriosityStream Inc. (NASDAQ:CURI) by 33.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 38,497 shares of the company’s stock after selling 19,295 shares during the quarter. Two Sigma Investments LP owned about 0.07% of CuriosityStream worth $59,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Manatuck Hill Partners LLC grew its stake in CuriosityStream by 14.4% during the 4th quarter. Manatuck Hill Partners LLC now owns 550,000 shares of the company’s stock worth $842,000 after buying an additional 69,100 shares during the last quarter. Renaissance Technologies LLC grew its stake in CuriosityStream by 9.7% during the 4th quarter. Renaissance Technologies LLC now owns 470,900 shares of the company’s stock worth $720,000 after buying an additional 41,454 shares during the last quarter. Geode Capital Management LLC grew its stake in CuriosityStream by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 330,615 shares of the company’s stock worth $506,000 after buying an additional 7,669 shares during the last quarter. Delta Financial Group Inc. grew its stake in CuriosityStream by 17.7% during the 4th quarter. Delta Financial Group Inc. now owns 67,587 shares of the company’s stock worth $103,000 after buying an additional 10,182 shares during the last quarter. Finally, Cubist Systematic Strategies LLC grew its stake in shares of CuriosityStream by 65.3% in the 4th quarter. Cubist Systematic Strategies LLC now owns 27,130 shares of the company’s stock valued at $42,000 after purchasing an additional 10,722 shares during the last quarter. Hedge funds and other institutional investors own 6.79% of the company’s stock.

Insider Buying and Selling

In related news, Director John S. Hendricks sold 25,000 shares of CuriosityStream stock in a transaction on Monday, June 9th. The stock was sold at an average price of $5.74, for a total transaction of $143,500.00. Following the completion of the transaction, the director now directly owns 20,766,055 shares of the company’s stock, valued at approximately $119,197,155.70. The trade was a 0.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last ninety days, insiders sold 418,190 shares of company stock valued at $2,238,924. 49.60% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on CURI shares. Needham & Company LLC lifted their target price on CuriosityStream from $2.95 to $4.80 and gave the company a “buy” rating in a research note on Wednesday, May 7th. Barrington Research raised CuriosityStream from a “market perform” rating to an “outperform” rating and set a $6.00 price target for the company in a report on Wednesday, May 7th.

CuriosityStream Price Performance

CURI opened at $4.59 on Friday. The business has a 50 day simple moving average of $4.62 and a 200-day simple moving average of $3.04. The stock has a market capitalization of $264.50 million, a P/E ratio of -16.39 and a beta of 1.79. CuriosityStream Inc. has a 12 month low of $0.99 and a 12 month high of $7.15.

CuriosityStream (NASDAQ:CURI) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.02. The firm had revenue of $15.09 million during the quarter, compared to analysts’ expectations of $14.95 million. CuriosityStream had a negative return on equity of 22.18% and a negative net margin of 28.56%. Research analysts anticipate that CuriosityStream Inc. will post -0.2 EPS for the current year.

CuriosityStream Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be issued a dividend of $0.08 per share. The ex-dividend date is Friday, June 6th. This represents a $0.32 annualized dividend and a yield of 6.97%. CuriosityStream’s dividend payout ratio is presently -228.57%.

CuriosityStream Company Profile

CuriosityStream Inc operates as a factual content streaming service and media company. The company provides premium video and audio programming services in various categories of factual entertainment, including science, history, society, nature, lifestyle, and technology through direct subscription video on-demand (SVoD) platforms accessible by internet connected devices, or indirectly via distribution partners who deliver CuriosityStream content via distributor's platform or system, as well as through bundled content licenses for SVoD and linear offerings, talks and courses, and partner bulk sales.