Brightcove Inc. (NASDAQ:BCOV) Stake Boosted by AMH Equity Ltd

AMH Equity Ltd increased its stake in Brightcove Inc. (NASDAQ:BCOV) by 1.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 507,513 shares of the software maker’s stock after purchasing an additional 7,513 shares during the period. Brightcove accounts for 2.2% of AMH Equity Ltd’s portfolio, making the stock its 14th largest position. AMH Equity Ltd owned approximately 1.12% of Brightcove worth $2,208,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. ABC Arbitrage SA acquired a new position in shares of Brightcove during the fourth quarter valued at $1,038,000. R Squared Ltd bought a new stake in Brightcove in the 4th quarter valued at about $90,000. JPMorgan Chase & Co. lifted its position in Brightcove by 99.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 30,689 shares of the software maker’s stock valued at $66,000 after purchasing an additional 15,291 shares during the last quarter. Geode Capital Management LLC boosted its stake in Brightcove by 8.3% during the 3rd quarter. Geode Capital Management LLC now owns 488,275 shares of the software maker’s stock valued at $1,055,000 after purchasing an additional 37,584 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its position in Brightcove by 1,124.9% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 245,526 shares of the software maker’s stock worth $530,000 after purchasing an additional 225,482 shares during the last quarter. Institutional investors and hedge funds own 80.12% of the company’s stock.

Brightcove Stock Performance

Brightcove stock opened at $4.45 on Thursday. Brightcove Inc. has a 52 week low of $1.55 and a 52 week high of $4.46. The stock has a market cap of $202.12 million, a price-to-earnings ratio of -21.19 and a beta of 1.01. The company’s 50-day moving average price is $4.41 and its two-hundred day moving average price is $3.30.

Analyst Upgrades and Downgrades

BCOV has been the topic of a number of recent analyst reports. Rosenblatt Securities reaffirmed a “neutral” rating and set a $4.45 price target (down previously from $5.00) on shares of Brightcove in a report on Monday, November 25th. Lake Street Capital cut Brightcove from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th. Finally, StockNews.com started coverage on Brightcove in a research report on Thursday, February 20th. They set a “buy” rating for the company.

Brightcove Profile

Brightcove Inc provides cloud-based streaming services the Americas, Europe, the Asia Pacific, Japan, India, and the Middle East. It offers Video Cloud, an online video streaming platform that enables its customers to publish, deliver, and distribute high-quality video to internet-connected devices. The company’s solutions and products comprise Brightcove Marketing Studio, a video streaming solution; Brightcove Communications Studio for marketers and corporate communications professionals; Brightcove Media Studio, a solution for over-the-top (OTT) video services, media publishers, and leading broadcasters to monetize their media, live stream at scale, and nurture their audience lifecycle; Brightcove Audience Insights, a customer data platform for video streaming businesses; Zencoder, a cloud-based video encoding service; and Brightcove Beacon, a platform that enables its customers to launch premium OTT video streaming experiences, as well as Brightcove Marketplace.