JPMorgan Chase & Co. Has $943,000 Position in Reservoir Media, Inc. (NASDAQ:RSVR)

JPMorgan Chase & Co. lifted its position in Reservoir Media, Inc. (NASDAQ:RSVR - Free Report) by 58.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 104,146 shares of the company's stock after acquiring an additional 38,609 shares during the quarter. JPMorgan Chase & Co. owned 0.16% of Reservoir Media worth $943,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in RSVR. 272 Capital LP bought a new position in Reservoir Media during the 3rd quarter worth $122,000. Meridian Wealth Advisors LLC lifted its holdings in shares of Reservoir Media by 49.7% in the fourth quarter. Meridian Wealth Advisors LLC now owns 14,974 shares of the company's stock valued at $136,000 after buying an additional 4,974 shares during the period. Jane Street Group LLC raised its holdings in shares of Reservoir Media by 22.5% in the 3rd quarter. Jane Street Group LLC now owns 53,018 shares of the company's stock worth $430,000 after purchasing an additional 9,742 shares in the last quarter. Barclays PLC boosted its stake in shares of Reservoir Media by 44.1% during the 3rd quarter. Barclays PLC now owns 60,988 shares of the company's stock worth $495,000 after acquiring an additional 18,675 shares in the last quarter. Finally, State Street Corp increased its stake in Reservoir Media by 1.7% in the 3rd quarter. State Street Corp now owns 374,862 shares of the company's stock worth $3,040,000 after purchasing an additional 6,410 shares in the last quarter. 44.38% of the stock is currently owned by institutional investors.

Reservoir Media Trading Down 0.6 %

Shares of NASDAQ:RSVR traded down $0.05 during mid-day trading on Friday, hitting $7.30. The stock had a trading volume of 4,199 shares, compared to its average volume of 45,755. The company's 50 day moving average is $7.35 and its 200-day moving average is $8.18. The company has a market cap of $475.87 million, a PE ratio of 66.32, a P/E/G ratio of 7.16 and a beta of 0.90. Reservoir Media, Inc. has a 12-month low of $6.56 and a 12-month high of $9.83. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.20 and a current ratio of 1.20.

Reservoir Media (NASDAQ:RSVR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.06. Reservoir Media had a return on equity of 2.20% and a net margin of 5.04%. On average, sell-side analysts predict that Reservoir Media, Inc. will post 0.11 EPS for the current year.

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.