Schonfeld Strategic Advisors LLC Acquires Shares of 125,001 Reservoir Media, Inc. (NASDAQ:RSVR)

Schonfeld Strategic Advisors LLC acquired a new stake in shares of Reservoir Media, Inc. (NASDAQ:RSVR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 125,001 shares of the company's stock, valued at approximately $1,131,000. Schonfeld Strategic Advisors LLC owned about 0.19% of Reservoir Media at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Wells Fargo & Company MN raised its position in 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 last quarter. Meridian Wealth Advisors LLC lifted its stake in Reservoir Media by 49.7% in the fourth quarter. Meridian Wealth Advisors LLC now owns 14,974 shares of the company's stock worth $136,000 after acquiring an additional 4,974 shares during the period. Integrated Quantitative Investments LLC bought a new stake in Reservoir Media in the fourth quarter valued at $304,000. Jane Street Group LLC increased its position in Reservoir Media by 22.5% during the 3rd quarter. Jane Street Group LLC now owns 53,018 shares of the company's stock valued at $430,000 after purchasing an additional 9,742 shares during the period. Finally, Barclays PLC raised its holdings in Reservoir Media by 44.1% in the 3rd quarter. Barclays PLC now owns 60,988 shares of the company's stock worth $495,000 after purchasing an additional 18,675 shares in the last quarter. 44.38% of the stock is currently owned by hedge funds and other institutional investors.

Reservoir Media Trading Up 2.1 %

Shares of RSVR opened at $7.31 on Thursday. Reservoir Media, Inc. has a 1-year low of $6.56 and a 1-year high of $9.83. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.03. The firm's 50-day moving average price is $7.31 and its 200-day moving average price is $8.13. The firm has a market capitalization of $476.85 million, a price-to-earnings ratio of 66.46, a PEG ratio of 7.16 and a beta of 0.90.

Reservoir Media (NASDAQ:RSVR - Get Free Report) last posted its quarterly earnings data 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%. Sell-side analysts anticipate that Reservoir Media, Inc. will post 0.11 EPS for the current year.

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.

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