Rock Point Advisors LLC lifted its stake in Nexxen International Ltd. Sponsored ADR (NASDAQ:NEXN - Free Report) by 32.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 643,492 shares of the company's stock after acquiring an additional 158,397 shares during the period. Nexxen International accounts for 1.7% of Rock Point Advisors LLC's portfolio, making the stock its 25th largest position. Rock Point Advisors LLC owned 1.01% of Nexxen International worth $5,373,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in the stock. Renaissance Technologies LLC raised its position in shares of Nexxen International by 176.1% in the 4th quarter. Renaissance Technologies LLC now owns 433,700 shares of the company's stock worth $4,346,000 after acquiring an additional 276,600 shares in the last quarter. Marshall Wace LLP increased its position in Nexxen International by 471.0% during the 4th quarter. Marshall Wace LLP now owns 382,924 shares of the company's stock valued at $3,837,000 after buying an additional 315,864 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Nexxen International during the 4th quarter valued at about $1,456,000. Millennium Management LLC increased its position in Nexxen International by 45.7% during the 4th quarter. Millennium Management LLC now owns 98,742 shares of the company's stock valued at $989,000 after buying an additional 30,973 shares in the last quarter. Finally, Walleye Capital LLC acquired a new position in Nexxen International during the 4th quarter valued at about $642,000. 54.24% of the stock is owned by institutional investors.
Nexxen International Stock Performance
Nexxen International stock traded down $0.44 during trading hours on Friday, hitting $9.74. 480,800 shares of the stock traded hands, compared to its average volume of 235,006. Nexxen International Ltd. Sponsored ADR has a 1 year low of $6.93 and a 1 year high of $21.88. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.46 and a quick ratio of 1.46. The stock has a market capitalization of $617.71 million, a price-to-earnings ratio of 19.10 and a beta of 1.75. The firm's 50 day moving average price is $10.71 and its 200-day moving average price is $12.00.
Analyst Ratings Changes
NEXN has been the topic of several recent analyst reports. Raymond James Financial raised Nexxen International from a "market perform" rating to an "outperform" rating and set a $15.00 target price on the stock in a research report on Monday, May 5th. JMP Securities reaffirmed a "market outperform" rating and set a $15.00 target price on shares of Nexxen International in a research report on Friday, May 23rd. Canaccord Genuity Group upped their target price on Nexxen International from $12.00 to $14.00 and gave the company a "buy" rating in a research report on Monday, May 12th. Wall Street Zen raised Nexxen International from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Finally, Craig Hallum began coverage on Nexxen International in a research note on Thursday, April 10th. They set a "buy" rating and a $15.00 price target on the stock. Nine investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $15.33.
Read Our Latest Analysis on Nexxen International
Nexxen International Profile
(
Free Report)
Tremor International Ltd provides end-to-end software platform that enables advertisers to reach relevant audiences and publishers. The company's demand side platform (DSP) offers full-service and self-managed marketplace access to advertisers and agencies to execute their digital marketing campaigns in real time across various ad formats.
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