Boston Partners Reduces Stake in Reservoir Media, Inc. (NASDAQ:RSVR)

Boston Partners trimmed its holdings in Reservoir Media, Inc. (NASDAQ:RSVR - Free Report) by 68.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 48,028 shares of the company's stock after selling 103,340 shares during the period. Boston Partners owned 0.07% of Reservoir Media worth $435,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in shares of Reservoir Media by 161.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 65,537 shares of the company's stock worth $532,000 after acquiring an additional 40,484 shares during the period. Barclays PLC lifted its position in 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 period. 272 Capital LP purchased a new stake in Reservoir Media in the 3rd quarter valued at approximately $122,000. Geode Capital Management LLC increased its position in Reservoir Media by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 620,941 shares of the company's stock worth $5,037,000 after purchasing an additional 13,836 shares during the period. Finally, Jane Street Group LLC increased its position in Reservoir Media by 22.5% during the 3rd 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. Institutional investors and hedge funds own 44.38% of the company's stock.

Reservoir Media Price Performance

Shares of RSVR traded up $0.11 during mid-day trading on Thursday, hitting $7.43. The company's stock had a trading volume of 37,021 shares, compared to its average volume of 48,018. The firm has a 50-day simple moving average of $7.82 and a 200 day simple moving average of $8.30. Reservoir Media, Inc. has a 1-year low of $6.83 and a 1-year high of $9.83. The firm has a market capitalization of $484.68 million, a P/E ratio of 67.55, a P/E/G ratio of 7.16 and a beta of 0.93. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.03.

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Reservoir Media (NASDAQ:RSVR - Get Free Report) last issued its 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%. Analysts predict that Reservoir Media, Inc. will post 0.11 EPS for the current fiscal 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.