Bridgeway Capital Management LLC cut its stake in The Arena Group Holdings, Inc. (NYSE:AREN - Free Report) by 37.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 59,100 shares of the company's stock after selling 35,700 shares during the quarter. Bridgeway Capital Management LLC owned approximately 0.12% of The Arena Group worth $79,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the stock. Renaissance Technologies LLC acquired a new position in shares of The Arena Group during the 4th quarter worth approximately $33,000. Geode Capital Management LLC raised its stake in shares of The Arena Group by 117.1% during the 4th quarter. Geode Capital Management LLC now owns 222,340 shares of the company's stock worth $298,000 after buying an additional 119,915 shares during the period. Finally, Northern Trust Corp raised its stake in shares of The Arena Group by 67.5% during the 4th quarter. Northern Trust Corp now owns 79,626 shares of the company's stock worth $107,000 after buying an additional 32,083 shares during the period. 85.55% of the stock is owned by institutional investors and hedge funds.
The Arena Group Stock Up 24.0%
Shares of AREN stock traded up $1.89 during trading hours on Monday, hitting $9.76. 811,646 shares of the company's stock were exchanged, compared to its average volume of 505,276. The firm has a market cap of $464.20 million, a P/E ratio of -2.30 and a beta of 0.55. The firm has a 50 day moving average of $3.44 and a two-hundred day moving average of $2.10. The Arena Group Holdings, Inc. has a fifty-two week low of $0.56 and a fifty-two week high of $10.03.
The Arena Group (NYSE:AREN - Get Free Report) last announced its earnings results on Thursday, May 15th. The company reported $0.08 earnings per share for the quarter.
The Arena Group Profile
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Free Report)
The Arena Group Holdings, Inc, together with its subsidiaries, operates digital media platform in the United States and internationally. The company offers the Platform, a proprietary online publishing platform comprising publishing tools, video platforms, social distribution channels, newsletter technology, machine learning content recommendations, notifications, and other technology.
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