Schonfeld Strategic Advisors LLC Makes New Investment in Reservoir Media, Inc. (NASDAQ:RSVR)

Schonfeld Strategic Advisors LLC bought a new position in Reservoir Media, Inc. (NASDAQ:RSVR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 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 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of RSVR. Wells Fargo & Company MN boosted its position in Reservoir Media by 22.4% during the fourth quarter. Wells Fargo & Company MN now owns 13,851 shares of the company's stock worth $125,000 after purchasing an additional 2,531 shares in the last quarter. Meridian Wealth Advisors LLC increased 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 purchasing an additional 4,974 shares during the last quarter. Integrated Quantitative Investments LLC acquired a new stake in shares of Reservoir Media in the fourth quarter valued at approximately $304,000. Jane Street Group LLC increased its holdings in shares of Reservoir Media by 22.5% in the third 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 last quarter. Finally, Barclays PLC increased its holdings in shares of Reservoir Media by 44.1% in the third quarter. Barclays PLC now owns 60,988 shares of the company's stock valued at $495,000 after purchasing an additional 18,675 shares during the last quarter. Hedge funds and other institutional investors own 44.38% of the company's stock.

Reservoir Media Price Performance

Shares of NASDAQ:RSVR traded down $0.16 during midday trading on Tuesday, hitting $7.41. The company had a trading volume of 12,942 shares, compared to its average volume of 44,777. Reservoir Media, Inc. has a twelve month low of $6.56 and a twelve month high of $9.83. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.20 and a quick ratio of 1.20. The stock has a market cap of $483.38 million, a price-to-earnings ratio of 67.37, a price-to-earnings-growth ratio of 7.16 and a beta of 0.90. The business's 50-day simple moving average is $7.30 and its 200-day simple moving average is $8.10.

Reservoir Media 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.