Russell Investments Group Ltd. Purchases 153,705 Shares of Reservoir Media, Inc. $RSVR

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. grew its holdings in shares of Reservoir Media, Inc. (NASDAQ:RSVR - Free Report) by 67.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 380,812 shares of the company's stock after acquiring an additional 153,705 shares during the period. Russell Investments Group Ltd. owned 0.58% of Reservoir Media worth $2,906,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in RSVR. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Reservoir Media in the 4th quarter valued at about $1,131,000. Dimensional Fund Advisors LP grew its stake in shares of Reservoir Media by 18.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 352,568 shares of the company's stock valued at $3,191,000 after buying an additional 55,396 shares during the period. North Star Investment Management Corp. acquired a new stake in shares of Reservoir Media in the 1st quarter valued at about $298,000. JPMorgan Chase & Co. grew its stake in shares of Reservoir Media by 58.9% in the 4th 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 period. Finally, Nuveen LLC acquired a new stake in shares of Reservoir Media in the 1st quarter valued at about $222,000. 44.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Reservoir Media

In other Reservoir Media news, Director Adam Rothstein sold 74,558 shares of Reservoir Media stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $7.62, for a total transaction of $568,131.96. Following the transaction, the director owned 214,895 shares of the company's stock, valued at $1,637,499.90. This trade represents a 25.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 27.00% of the stock is currently owned by corporate insiders.

Reservoir Media Stock Down 0.3%

NASDAQ RSVR traded down $0.02 during trading hours on Friday, hitting $7.88. The company's stock had a trading volume of 47,804 shares, compared to its average volume of 65,833. Reservoir Media, Inc. has a 52 week low of $6.56 and a 52 week high of $9.83. The company has a market capitalization of $516.61 million, a PE ratio of 71.64, a price-to-earnings-growth ratio of 6.85 and a beta of 0.89. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.05. The company's 50-day simple moving average is $7.76 and its two-hundred day simple moving average is $7.54.

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

Analyst Ratings Changes

Several brokerages have recently commented on RSVR. Wall Street Zen upgraded Reservoir Media from a "sell" rating to a "hold" rating in a research note on Monday, June 23rd. B. Riley restated a "buy" rating and issued a $11.50 target price (down from $12.50) on shares of Reservoir Media in a research note on Friday, June 6th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Reservoir Media currently has a consensus rating of "Buy" and a consensus price target of $11.50.

Reservoir Media Company Profile

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.