Connor Clark & Lunn Investment Management Ltd. cut its stake in Xunlei Limited (NASDAQ:XNET - Free Report) by 48.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,346 shares of the software maker's stock after selling 44,942 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.08% of Xunlei worth $213,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. XTX Topco Ltd bought a new stake in Xunlei in the 1st quarter valued at $98,000. Marshall Wace LLP bought a new stake in Xunlei in the 4th quarter valued at $84,000. Russell Investments Group Ltd. bought a new stake in Xunlei in the 4th quarter valued at $52,000. Finally, Two Sigma Securities LLC bought a new stake in Xunlei in the 4th quarter valued at $36,000. 5.07% of the stock is owned by institutional investors.
Xunlei Stock Down 7.2%
Shares of XNET stock opened at $7.32 on Thursday. The stock has a market cap of $457.94 million, a P/E ratio of 0.64 and a beta of 0.88. Xunlei Limited has a one year low of $1.51 and a one year high of $8.80. The stock has a fifty day moving average price of $4.86 and a 200 day moving average price of $4.49. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.10 and a quick ratio of 2.60.
Xunlei (NASDAQ:XNET - Get Free Report) last issued its earnings results on Thursday, August 14th. The software maker reported $0.12 EPS 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.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen raised Xunlei from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th.
Get Our Latest Research Report on Xunlei
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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