Reservoir Media, Inc. (NASDAQ:RSVR) Position Lowered by Boston Partners

Boston Partners trimmed its position in Reservoir Media, Inc. (NASDAQ:RSVR) by 68.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor 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.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its holdings 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 valued at $532,000 after acquiring an additional 40,484 shares during the last quarter. Barclays PLC boosted its holdings in Reservoir Media by 44.1% in 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 during the period. 272 Capital LP bought a new stake in Reservoir Media during the third quarter valued at $122,000. Geode Capital Management LLC raised its holdings in shares of Reservoir Media by 2.3% during the third 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 lifted its position in shares of Reservoir Media by 22.5% in the 3rd 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 during the last quarter. 44.38% of the stock is owned by institutional investors.

Reservoir Media Price Performance

Shares of NASDAQ:RSVR opened at $7.30 on Monday. The company has a market cap of $476.20 million, a PE ratio of 66.37, a P/E/G ratio of 7.16 and a beta of 0.93. 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 50-day simple moving average of $7.85 and a 200 day simple moving average of $8.31. 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 posted its earnings results on Wednesday, February 5th. The company reported $0.08 EPS for the quarter, beating the consensus estimate 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, sell-side analysts anticipate that Reservoir Media, Inc. will post 0.11 EPS for the current year.

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.