Connor Clark & Lunn Investment Management Ltd. Sells 44,942 Shares of Xunlei Limited $XNET

Key Points

• Connor Clark & Lunn Investment Management Ltd. reduced its stake in Xunlei Limited by 48.7%, selling 44,942 shares and owning approximately 0.08% of the company worth $213,000.
• Xunlei's stock recently experienced a 7.2% decline, with a market cap of $457.94 million, and the stock price opened at $7.32.
• Wall Street Zen upgraded Xunlei from a "hold" rating to a "buy" rating, indicating increased confidence in the company's future performance.

Connor Clark & Lunn Investment Management Ltd. lessened its stake in Xunlei Limited (NASDAQ:XNET - Free Report) by 48.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 47,346 shares of the software maker's stock after selling 44,942 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.08% of Xunlei worth $213,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Marshall Wace LLP acquired a new position in Xunlei in the 4th quarter valued at approximately $84,000. Russell Investments Group Ltd. acquired a new position in Xunlei in the fourth quarter worth approximately $52,000. XTX Topco Ltd acquired a new position in Xunlei in the first quarter worth approximately $98,000. Finally, Two Sigma Securities LLC bought a new stake in Xunlei in the fourth quarter worth approximately $36,000. Institutional investors and hedge funds own 5.07% of the company's stock.

Xunlei Stock Down 3.2%

XNET stock traded down $0.22 during trading hours on Tuesday, hitting $6.75. The company's stock had a trading volume of 900,510 shares, compared to its average volume of 1,519,480. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $422.28 million, a PE ratio of 0.59 and a beta of 0.88. Xunlei Limited has a 12 month low of $1.51 and a 12 month high of $8.80. The stock has a 50 day moving average price of $5.02 and a two-hundred day moving average price of $4.62.

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

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Xunlei from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th.

Xunlei 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.