Acadian Asset Management LLC Has $1.38 Million Holdings in Xunlei Limited $XNET

Key Points

• Acadian Asset Management LLC reduced its holdings in Xunlei Limited by 14.1%, owning 309,419 shares after selling 50,863 shares in the first quarter.
• Other institutional investors such as NewEdge Advisors LLC and Nomura Holdings Inc. significantly increased their positions in Xunlei during the same period, indicating increased interest in the company.
• Xunlei Limited reported $0.12 earnings per share for the latest quarter, with a remarkable net margin of 202.62% and a revenue of $103.54 million.

Acadian Asset Management LLC lessened its position in shares of Xunlei Limited (NASDAQ:XNET - Free Report) by 14.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 309,419 shares of the software maker's stock after selling 50,863 shares during the period. Acadian Asset Management LLC owned approximately 0.50% of Xunlei worth $1,384,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in XNET. XTX Topco Ltd bought a new stake in shares of Xunlei in the first quarter valued at approximately $98,000. Invesco Ltd. bought a new stake in shares of Xunlei in the first quarter valued at approximately $197,000. Russell Investments Group Ltd. boosted its stake in shares of Xunlei by 21.2% in the first quarter. Russell Investments Group Ltd. now owns 29,636 shares of the software maker's stock valued at $132,000 after buying an additional 5,190 shares during the period. Nomura Holdings Inc. bought a new stake in shares of Xunlei in the first quarter valued at approximately $1,965,000. Finally, NewEdge Advisors LLC boosted its stake in shares of Xunlei by 9,106.5% in the first quarter. NewEdge Advisors LLC now owns 18,413 shares of the software maker's stock valued at $83,000 after buying an additional 18,213 shares during the period. 5.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Xunlei from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th.

Xunlei Price Performance

NASDAQ XNET traded down $0.39 on Friday, hitting $7.74. 831,985 shares of the company's stock were exchanged, compared to its average volume of 1,010,346. The stock has a 50-day moving average of $6.10 and a 200-day moving average of $5.14. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.04. Xunlei Limited has a 52 week low of $1.51 and a 52 week high of $8.80. The stock has a market cap of $484.21 million, a price-to-earnings ratio of 0.68 and a beta of 0.96.

Xunlei (NASDAQ:XNET - Get Free Report) last released its earnings results on Thursday, August 14th. The software maker reported $0.12 earnings per share for the quarter. The firm had revenue of $103.54 million during the quarter. Xunlei had a return on equity of 4.50% and a net margin of 202.62%. Xunlei has set its Q3 2025 guidance at EPS.

Xunlei Company Profile

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.