XTX Topco Ltd Acquires New Stake in Cineverse Corp. (NASDAQ:CNVS)

XTX Topco Ltd acquired a new stake in shares of Cineverse Corp. (NASDAQ:CNVS) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 38,765 shares of the company’s stock, valued at approximately $122,000. XTX Topco Ltd owned about 0.24% of Cineverse as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Northern Trust Corp increased its position in Cineverse by 62.4% in the fourth quarter. Northern Trust Corp now owns 21,178 shares of the company’s stock worth $77,000 after buying an additional 8,139 shares in the last quarter. Dimensional Fund Advisors LP purchased a new stake in Cineverse in the fourth quarter worth about $66,000. Renaissance Technologies LLC increased its position in Cineverse by 580.0% in the fourth quarter. Renaissance Technologies LLC now owns 148,247 shares of the company’s stock worth $541,000 after buying an additional 126,447 shares in the last quarter. Two Sigma Investments LP purchased a new stake in Cineverse in the fourth quarter worth about $131,000. Finally, Millennium Management LLC purchased a new stake in Cineverse in the fourth quarter worth about $56,000. Hedge funds and other institutional investors own 8.19% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Cineverse from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 3rd.

Cineverse Trading Down 1.5%

NASDAQ CNVS opened at $5.89 on Friday. Cineverse Corp. has a 12 month low of $0.71 and a 12 month high of $7.39. The stock has a market cap of $100.78 million, a PE ratio of 65.45 and a beta of 1.47. The stock’s 50 day moving average is $5.29 and its 200 day moving average is $4.06.

Cineverse (NASDAQ:CNVS) last announced its quarterly earnings data on Thursday, August 14th. The company reported ($0.21) earnings per share (EPS) for the quarter. Cineverse had a net margin of 4.61% and a return on equity of 12.19%.

Cineverse 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.