Reservoir Media, Inc. (NASDAQ:RSVR) Holdings Decreased by Boston Partners

Boston Partners lowered its stake in Reservoir Media, Inc. (NASDAQ:RSVR) by 68.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,028 shares of the company’s stock after selling 103,340 shares during the quarter. Boston Partners’ holdings in Reservoir Media were worth $435,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RSVR. Charles Schwab Investment Management Inc. lifted its stake in shares of Reservoir Media by 6.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 63,951 shares of the company’s stock worth $519,000 after acquiring an additional 4,087 shares during the period. State Street Corp raised its holdings in Reservoir Media by 1.7% during the third 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. Jane Street Group LLC lifted its position in Reservoir Media by 22.5% in the third 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 during the period. Barclays PLC boosted its stake in Reservoir Media by 44.1% during the 3rd quarter. Barclays PLC now owns 60,988 shares of the company’s stock valued at $495,000 after purchasing an additional 18,675 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Reservoir Media by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 620,941 shares of the company’s stock valued at $5,037,000 after purchasing an additional 13,836 shares during the period. Institutional investors own 44.38% of the company’s stock.

Reservoir Media Trading Down 2.5 %

Shares of Reservoir Media stock opened at $7.30 on Monday. The business has a fifty day simple moving average of $7.85 and a 200-day simple moving average of $8.31. Reservoir Media, Inc. has a fifty-two week low of $6.83 and a fifty-two week high of $9.83. The firm has a market cap of $476.20 million, a price-to-earnings ratio of 66.37, a price-to-earnings-growth ratio of 7.16 and a beta of 0.93. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.03.

Reservoir Media (NASDAQ:RSVR) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.02 by $0.06. Reservoir Media had a net margin of 5.04% and a return on equity of 2.20%. On average, equities analysts forecast that Reservoir Media, Inc. will post 0.11 EPS for the current fiscal 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.