Millennium Management LLC acquired a new stake in The Arena Group Holdings, Inc. (NYSE:AREN - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 193,220 shares of the company's stock, valued at approximately $259,000. Millennium Management LLC owned about 0.41% of The Arena Group as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Renaissance Technologies LLC bought a new position in shares of The Arena Group in the fourth quarter valued at $33,000. Northern Trust Corp grew its stake in shares of The Arena Group by 67.5% in the fourth quarter. Northern Trust Corp now owns 79,626 shares of the company's stock valued at $107,000 after buying an additional 32,083 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of The Arena Group by 117.1% in the fourth quarter. Geode Capital Management LLC now owns 222,340 shares of the company's stock valued at $298,000 after buying an additional 119,915 shares in the last quarter. 85.55% of the stock is currently owned by institutional investors and hedge funds.
The Arena Group Price Performance
AREN stock traded up $0.41 during midday trading on Friday, reaching $5.17. 189,143 shares of the company were exchanged, compared to its average volume of 527,827. The business has a 50-day moving average price of $4.95 and a two-hundred day moving average price of $2.70. The Arena Group Holdings, Inc. has a one year low of $0.56 and a one year high of $10.05. The firm has a market capitalization of $245.89 million, a price-to-earnings ratio of -1.22 and a beta of 0.50.
The Arena Group (NYSE:AREN - Get Free Report) last announced its earnings results on Thursday, May 15th. The company reported $0.08 earnings per share (EPS) for the quarter.
About The Arena Group
(
Free Report)
The Arena Group Holdings, Inc, together with its subsidiaries, operates digital media platform in the United States and internationally. The company offers the Platform, a proprietary online publishing platform comprising publishing tools, video platforms, social distribution channels, newsletter technology, machine learning content recommendations, notifications, and other technology.
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