Reservoir Media, Inc. $RSVR Shares Bought by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. increased its stake in Reservoir Media, acquiring an additional 153,705 shares, bringing its total holdings to 380,812 shares, valued at approximately $2.9 million.
• Institutional ownership of Reservoir Media stands at 44.38%, with multiple firms, including JPMorgan Chase & Co. and Wells Fargo, also significantly increasing their investments in the company.
• Reservoir Media's stock is currently trading at $8.06, with a market cap of $528.41 million and a consensus rating of "Buy" from analysts, with an average target price of $11.50.

Russell Investments Group Ltd. boosted its holdings in Reservoir Media, Inc. (NASDAQ:RSVR - Free Report) by 67.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 380,812 shares of the company's stock after purchasing an additional 153,705 shares during the quarter. Russell Investments Group Ltd. owned about 0.58% of Reservoir Media worth $2,906,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in RSVR. JPMorgan Chase & Co. boosted its position in shares of Reservoir Media by 58.9% during the fourth quarter. JPMorgan Chase & Co. now owns 104,146 shares of the company's stock valued at $943,000 after buying an additional 38,609 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Reservoir Media by 22.4% during the 4th quarter. Wells Fargo & Company MN now owns 13,851 shares of the company's stock valued at $125,000 after purchasing an additional 2,531 shares during the period. Barclays PLC increased its stake in Reservoir Media by 9.1% in the 4th quarter. Barclays PLC now owns 66,537 shares of the company's stock worth $603,000 after acquiring an additional 5,549 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Reservoir Media by 18.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 352,568 shares of the company's stock worth $3,191,000 after acquiring an additional 55,396 shares during the last quarter. Finally, Northern Trust Corp increased its stake in Reservoir Media by 2.5% in the 4th quarter. Northern Trust Corp now owns 203,686 shares of the company's stock worth $1,843,000 after acquiring an additional 4,983 shares during the last quarter. 44.38% of the stock is currently owned by institutional investors.

Reservoir Media Trading Down 0.1%

RSVR stock traded down $0.01 during midday trading on Friday, reaching $7.90. 8,081 shares of the company traded hands, compared to its average volume of 56,890. The firm has a market capitalization of $517.60 million, a price-to-earnings ratio of 71.78, a P/E/G ratio of 6.83 and a beta of 0.89. The business has a 50 day moving average of $7.75 and a 200-day moving average of $7.54. Reservoir Media, Inc. has a 52-week low of $6.56 and a 52-week high of $9.83. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.29 and a current ratio of 1.29.

Reservoir Media (NASDAQ:RSVR - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01). The company had revenue of $37.16 billion for the quarter, compared to analysts' expectations of $36.88 million. Reservoir Media had a return on equity of 2.07% and a net margin of 4.67%. Reservoir Media has set its FY 2026 guidance at EPS. As a group, sell-side analysts expect that Reservoir Media, Inc. will post 0.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

RSVR has been the subject of a number of research reports. B. Riley reiterated a "buy" rating and issued a $11.50 price objective (down from $12.50) on shares of Reservoir Media in a report on Friday, June 6th. Wall Street Zen raised Reservoir Media from a "sell" rating to a "hold" rating in a research report on Monday, June 23rd. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Reservoir Media has an average rating of "Buy" and a consensus price target of $11.50.

Insider Activity

In related news, Director Adam Rothstein sold 74,558 shares of Reservoir Media stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $7.62, for a total value of $568,131.96. Following the completion of the transaction, the director owned 214,895 shares in the company, valued at $1,637,499.90. The trade was a 25.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 27.00% of the stock is currently owned by company insiders.

About Reservoir Media

Reservoir Media, Inc operates as a music publishing company. It operates through two segments, Music Publishing and Recorded Music. The Music Publishing segment acquires interests in music catalogs, as well as signs songwriters. The Recorded Music segment engages in the acquisition of sound recording catalogs; discovery and development of recording artists; and marketing, distribution, sale, and licensing of the music catalogs.