SG Americas Securities LLC Makes New Investment in Kartoon Studios Inc. $TOON

SG Americas Securities LLC purchased a new stake in shares of Kartoon Studios Inc. (NASDAQ:TOON) during the 1st quarter, Holdings Channel reports. The fund purchased 1,050,010 shares of the company’s stock, valued at approximately $655,000.

Several other large investors have also recently added to or reduced their stakes in TOON. Anson Funds Management LP grew its stake in Kartoon Studios by 192.3% in the fourth quarter. Anson Funds Management LP now owns 5,198,384 shares of the company’s stock valued at $3,743,000 after purchasing an additional 3,420,000 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Kartoon Studios by 11.7% in the third quarter. Vanguard Group Inc. now owns 1,834,119 shares of the company’s stock worth $1,354,000 after buying an additional 192,760 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Kartoon Studios by 11.2% in the fourth quarter. Geode Capital Management LLC now owns 472,839 shares of the company’s stock valued at $341,000 after purchasing an additional 47,456 shares during the last quarter. Caption Management LLC grew its holdings in Kartoon Studios by 157.4% in the 2nd quarter. Caption Management LLC now owns 200,000 shares of the company’s stock valued at $149,000 after buying an additional 122,303 shares during the last quarter. Finally, State Street Corp grew its stake in shares of Kartoon Studios by 17.9% in the fourth quarter. State Street Corp now owns 141,260 shares of the company’s stock worth $102,000 after acquiring an additional 21,400 shares during the last quarter. Institutional investors and hedge funds own 8.57% of the company’s stock.

Kartoon Studios Stock Performance

Shares of NASDAQ:TOON traded down $0.03 on Tuesday, hitting $0.66. 41,836 shares of the company were exchanged, compared to its average volume of 689,963. The company’s 50 day moving average price is $0.74 and its two-hundred day moving average price is $0.69. The firm has a market capitalization of $39.03 million, a price-to-earnings ratio of -0.65 and a beta of 2.06. Kartoon Studios Inc. has a one year low of $0.53 and a one year high of $1.29.

Kartoon Studios Company Profile

Kartoon Studios, Inc (NASDAQ: TOON) is a diversified entertainment company focused on creating, producing and distributing animated and live-action content for children and families. The company develops original intellectual property and builds consumer brands across television, digital streaming platforms and theatrical releases. Its offerings span episodic series, feature films and short-form programming, all designed to engage young audiences with positive messaging and educational themes.

The company’s flagship streaming service, the Kartoon Channel, features a wide library of original series such as Rainbow Rangers and Stan Lee’s Superhero Kindergarten, as well as licensed third-party titles.