Anson Funds Management LP trimmed its position in shares of Xunlei Limited (NASDAQ:XNET - Free Report) by 94.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,712 shares of the software maker's stock after selling 248,536 shares during the quarter. Anson Funds Management LP's holdings in Xunlei were worth $29,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Two Sigma Securities LLC bought a new position in shares of Xunlei during the fourth quarter worth about $36,000. Marshall Wace LLP bought a new position in Xunlei in the 4th quarter valued at approximately $84,000. Russell Investments Group Ltd. bought a new stake in Xunlei during the 4th quarter valued at approximately $52,000. Finally, Sei Investments Co. bought a new stake in shares of Xunlei during the fourth quarter worth $53,000. 5.07% of the stock is currently owned by institutional investors.
Xunlei Stock Performance
Shares of NASDAQ XNET traded up $0.16 during trading hours on Thursday, hitting $4.47. 133,635 shares of the stock were exchanged, compared to its average volume of 448,716. The company's 50 day moving average is $4.15 and its 200 day moving average is $2.94. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.92 and a quick ratio of 2.91. Xunlei Limited has a one year low of $1.46 and a one year high of $5.52. The firm has a market capitalization of $278.80 million, a P/E ratio of 19.43 and a beta of 0.83.
Xunlei (NASDAQ:XNET - Get Free Report) last posted its earnings results on Thursday, March 13th. The software maker reported $0.17 earnings per share for the quarter. Xunlei had a return on equity of 4.47% and a net margin of 4.65%. The company had revenue of $84.30 million for the quarter.
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded shares of Xunlei from a "buy" rating to a "hold" rating in a report on Wednesday.
Read Our Latest Analysis on XNET
About Xunlei
(
Free Report)
Xunlei Limited, together with its subsidiaries, operates an internet platform for digital media content in the People's Republic of China. Its platform is based on cloud technology that enables users to access, store, manage, and consume digital media content. The company offers Xunlei Accelerator, which enables users to accelerate digital transmission over the internet; mobile acceleration plug-in, which provides mobile device users with benefits of download speed acceleration and download success rate improvements; and subscription services that offer users premium services through Green Channel and Fast Bird products.
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