JPMorgan Chase & Co. Has $532,000 Holdings in Reservoir Media, Inc. (NASDAQ:RSVR)

JPMorgan Chase & Co. lifted its holdings in shares of Reservoir Media, Inc. (NASDAQ:RSVR - Free Report) by 161.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 65,537 shares of the company's stock after acquiring an additional 40,484 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.10% of Reservoir Media worth $532,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in RSVR. The Manufacturers Life Insurance Company bought a new stake in shares of Reservoir Media during the second quarter worth approximately $81,000. 272 Capital LP acquired a new position in Reservoir Media in the 3rd quarter valued at $122,000. E&G Advisors LP acquired a new position in Reservoir Media in the 3rd quarter valued at $246,000. Inspire Investing LLC increased its position in Reservoir Media by 13.7% during the 3rd quarter. Inspire Investing LLC now owns 52,858 shares of the company's stock worth $429,000 after buying an additional 6,375 shares during the period. Finally, Jane Street Group LLC lifted its holdings in shares of Reservoir Media by 22.5% during the third quarter. Jane Street Group LLC now owns 53,018 shares of the company's stock worth $430,000 after buying an additional 9,742 shares in the last quarter. 44.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, B. Riley raised their price target on shares of Reservoir Media from $11.50 to $12.50 and gave the stock a "buy" rating in a research report on Thursday, October 31st.

Reservoir Media Price Performance

Shares of RSVR stock traded down $0.04 during trading on Wednesday, hitting $8.12. The company had a trading volume of 3,645 shares, compared to its average volume of 23,532. The stock's 50-day moving average price is $8.77 and its 200 day moving average price is $8.27. Reservoir Media, Inc. has a one year low of $5.95 and a one year high of $9.83. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.25 and a current ratio of 1.37. The firm has a market capitalization of $529.26 million, a P/E ratio of -405.55, a price-to-earnings-growth ratio of 11.61 and a beta of 0.94.

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.