JPMorgan Chase & Co. Buys 38,609 Shares of Reservoir Media, Inc. (NASDAQ:RSVR)

JPMorgan Chase & Co. boosted its stake in Reservoir Media, Inc. (NASDAQ:RSVR - Free Report) by 58.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 104,146 shares of the company's stock after purchasing an additional 38,609 shares during the quarter. JPMorgan Chase & Co. owned about 0.16% of Reservoir Media worth $943,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. 272 Capital LP bought a new stake in shares of Reservoir Media in the 3rd quarter valued at about $122,000. Meridian Wealth Advisors LLC increased 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 valued at $136,000 after purchasing an additional 4,974 shares in the last quarter. Jane Street Group LLC raised its holdings 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 position in shares of Reservoir Media by 44.1% during the third 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. Finally, State Street Corp grew its holdings in shares of Reservoir Media by 1.7% in the 3rd quarter. State Street Corp now owns 374,862 shares of the company's stock valued at $3,040,000 after buying an additional 6,410 shares during the period. Institutional investors and hedge funds own 44.38% of the company's stock.

Reservoir Media Price Performance

RSVR opened at $7.17 on Monday. The company has a fifty day simple moving average of $7.39 and a 200 day simple moving average of $8.21. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.03. The stock has a market cap of $467.72 million, a P/E ratio of 65.19, a P/E/G ratio of 7.16 and a beta of 0.90. Reservoir Media, Inc. has a 12 month low of $6.56 and a 12 month high of $9.83.

Reservoir Media (NASDAQ:RSVR - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.08 EPS for the quarter, topping analysts' consensus estimates of $0.02 by $0.06. Reservoir Media had a return on equity of 2.20% and a net margin of 5.04%. On average, research analysts expect that Reservoir Media, Inc. will post 0.11 EPS for the current year.

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.

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