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

Several other institutional investors and hedge funds have also modified their holdings of the stock. Invesco Ltd. purchased a new position in shares of Xunlei in the 1st quarter valued at about $197,000. XTX Topco Ltd purchased a new position in shares of Xunlei in the 1st quarter valued at about $98,000. Nomura Holdings Inc. purchased a new position in shares of Xunlei in the 1st quarter valued at about $1,965,000. Russell Investments Group Ltd. increased its stake in shares of Xunlei by 21.2% in the 1st quarter. Russell Investments Group Ltd. now owns 29,636 shares of the software maker's stock valued at $132,000 after purchasing an additional 5,190 shares in the last quarter. Finally, NewEdge Advisors LLC increased its stake in shares of Xunlei by 9,106.5% in the 1st quarter. NewEdge Advisors LLC now owns 18,413 shares of the software maker's stock valued at $83,000 after purchasing an additional 18,213 shares in the last quarter. Institutional investors and hedge funds own 5.07% of the company's stock.

Xunlei Price Performance

NASDAQ:XNET traded down $0.39 during trading hours on Friday, hitting $7.74. 831,960 shares of the stock were exchanged, compared to its average volume of 1,041,382. Xunlei Limited has a 52-week low of $1.51 and a 52-week high of $8.80. The firm's fifty day moving average price is $6.04 and its 200 day moving average price is $5.10. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.04. The company has a market cap of $484.21 million, a P/E ratio of 0.68 and a beta of 0.97.

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

Wall Street Analysts Forecast Growth

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

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.