Goldman Sachs Group Inc. Raises Stock Position in Reservoir Media, Inc. $RSVR

Goldman Sachs Group Inc. lifted its position in Reservoir Media, Inc. (NASDAQ:RSVR) by 3.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 90,003 shares of the company’s stock after buying an additional 3,110 shares during the period. Goldman Sachs Group Inc. owned approximately 0.14% of Reservoir Media worth $687,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Russell Investments Group Ltd. grew its position in shares of Reservoir Media by 67.7% in the 1st quarter. Russell Investments Group Ltd. now owns 380,812 shares of the company’s stock worth $2,906,000 after buying an additional 153,705 shares during the last quarter. Irenic Capital Management LP grew its position in shares of Reservoir Media by 1.2% in the 1st quarter. Irenic Capital Management LP now owns 5,388,003 shares of the company’s stock worth $41,110,000 after buying an additional 65,421 shares during the last quarter. Repertoire Partners LP purchased a new position in shares of Reservoir Media in the 1st quarter worth approximately $385,000. North Star Investment Management Corp. purchased a new position in shares of Reservoir Media in the 1st quarter worth approximately $298,000. Finally, Boston Partners grew its position in shares of Reservoir Media by 99.6% in the 1st quarter. Boston Partners now owns 95,850 shares of the company’s stock worth $731,000 after buying an additional 47,822 shares during the last quarter. Hedge funds and other institutional investors own 44.38% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on RSVR. B. Riley reaffirmed a “buy” rating and issued a $11.50 price objective (down previously from $12.50) on shares of Reservoir Media in a research report on Friday, June 6th. Wall Street Zen raised shares of Reservoir Media from a “sell” rating to a “hold” rating in a research report on Monday, June 23rd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $11.50.

Reservoir Media Stock Up 1.0%

NASDAQ:RSVR opened at $7.89 on Thursday. The company has a market cap of $517.27 million, a PE ratio of 71.73, a P/E/G ratio of 6.79 and a beta of 0.88. Reservoir Media, Inc. has a twelve month low of $6.56 and a twelve month high of $9.83. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.05. The company’s 50 day moving average is $7.81 and its two-hundred day moving average is $7.55.

Reservoir Media (NASDAQ:RSVR) last released its quarterly earnings data on Tuesday, August 5th. The company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). The business had revenue of $37.16 billion for the quarter, compared to the consensus estimate of $36.88 million. Reservoir Media had a net margin of 4.67% and a return on equity of 2.07%. Reservoir Media has set its FY 2026 guidance at EPS. Analysts anticipate that Reservoir Media, Inc. will post 0.11 EPS for the current year.

Insider Activity at Reservoir Media

In other news, Director Adam Rothstein sold 65,281 shares of the company’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $7.80, for a total value of $509,191.80. Following the sale, the director directly owned 77,546 shares of the company’s stock, valued at $604,858.80. This represents a 45.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders have sold 222,988 shares of company stock valued at $1,715,523. 27.00% of the stock is owned by corporate insiders.

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.