Trexquant Investment LP Has $564,000 Stake in GRAVITY Co., Ltd. $GRVY

Key Points

• Trexquant Investment LP has reduced its stake in GRAVITY Co., Ltd. by 29.9%, now holding 9,325 shares valued at $564,000.
• Institutional investors own approximately 9.92% of GRAVITY's shares, with several firms, including Boston Partners and Cambridge Investment Research Advisors Inc., increasing their positions in the first quarter.
• GRAVITY's stock rating has been downgraded from "buy" to "hold" by Wall Street Zen, following its recent earnings report showing an EPS of $1.41 for the quarter.

Trexquant Investment LP lowered its position in GRAVITY Co., Ltd. (NASDAQ:GRVY - Free Report) by 29.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,325 shares of the technology company's stock after selling 3,978 shares during the quarter. Trexquant Investment LP owned 0.13% of GRAVITY worth $564,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Boston Partners raised its position in shares of GRAVITY by 5.4% during the first quarter. Boston Partners now owns 14,525 shares of the technology company's stock worth $879,000 after purchasing an additional 749 shares during the period. Charles Schwab Investment Management Inc. bought a new position in GRAVITY in the 1st quarter worth about $212,000. Wealthquest Corp bought a new position in GRAVITY in the 1st quarter worth about $202,000. Cambridge Investment Research Advisors Inc. boosted its position in shares of GRAVITY by 64.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 6,742 shares of the technology company's stock valued at $408,000 after acquiring an additional 2,645 shares during the last quarter. Finally, Flower City Capital boosted its position in shares of GRAVITY by 37.4% during the 1st quarter. Flower City Capital now owns 5,500 shares of the technology company's stock valued at $333,000 after acquiring an additional 1,496 shares during the last quarter. 9.92% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen cut GRAVITY from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd.

GRAVITY Stock Performance

GRAVITY stock opened at $64.00 on Tuesday. The stock has a fifty day moving average of $64.12 and a 200 day moving average of $61.86. The stock has a market cap of $444.80 million, a PE ratio of 7.67 and a beta of 1.05. GRAVITY Co., Ltd. has a one year low of $53.12 and a one year high of $70.00.

GRAVITY (NASDAQ:GRVY - Get Free Report) last released its earnings results on Friday, August 8th. The technology company reported $1.41 earnings per share (EPS) for the quarter. The firm had revenue of $126.15 million during the quarter. GRAVITY had a return on equity of 17.45% and a net margin of 17.60%.

GRAVITY Profile

Gravity Co, Ltd. develops and publishes online and mobile games worldwide. It offers a massively multiplayer online role-playing game, including Ragnarok Online, Dragonica, Ragnarok Online II, and Ragnarok Landverse. Its mobile games portfolio includes Ragnarok M; Eternal Love; Ragnarok Origin; Ragnarok X: Next Generation; Ragnarok Arena; WITH ISLAND; the Labyrinth of Ragnarok; Ragnarok Poring Merge; Tera Classic; Ragnarok: The Lost Memories; Sadako M; NBA: Rise To Stardom; Milkmaid Of The Milky Way; Generation Zombie; Ragnarok Idle Adventure; Ragnarok 20 Heroes; White Chord; WITH: Whale In The High; Ragnarok Lost Memories; and Paladog Tactics.

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