Reservoir Media, Inc. (NASDAQ:RSVR) Position Increased by Barclays PLC

Barclays PLC lifted its position in Reservoir Media, Inc. (NASDAQ:RSVR) by 44.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 60,988 shares of the company’s stock after acquiring an additional 18,675 shares during the period. Barclays PLC’s holdings in Reservoir Media were worth $495,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in Reservoir Media by 58.7% during the second quarter. Dimensional Fund Advisors LP now owns 231,113 shares of the company’s stock valued at $1,824,000 after buying an additional 85,457 shares during the period. Inspire Investing LLC acquired a new position in shares of Reservoir Media in the 2nd quarter valued at about $367,000. Renaissance Technologies LLC lifted its position in shares of Reservoir Media by 134.9% in the second quarter. Renaissance Technologies LLC now owns 70,700 shares of the company’s stock worth $559,000 after purchasing an additional 40,600 shares in the last quarter. Exchange Traded Concepts LLC lifted its position in shares of Reservoir Media by 113.2% in the third quarter. Exchange Traded Concepts LLC now owns 67,930 shares of the company’s stock worth $551,000 after purchasing an additional 36,068 shares in the last quarter. Finally, E&G Advisors LP purchased a new position in Reservoir Media during the third quarter valued at approximately $246,000. Institutional investors and hedge funds own 44.38% of the company’s stock.

Analysts Set New Price Targets

Separately, B. Riley lifted their price objective on Reservoir Media from $11.50 to $12.50 and gave the company a “buy” rating in a research report on Thursday, October 31st.

Reservoir Media Stock Down 5.6 %

RSVR stock opened at $8.54 on Friday. The stock has a market capitalization of $557.00 million, a price-to-earnings ratio of -426.79, a price-to-earnings-growth ratio of 12.93 and a beta of 0.93. The company has a 50-day moving average of $9.01 and a two-hundred day moving average of $8.16. Reservoir Media, Inc. has a 52-week low of $5.95 and a 52-week high of $9.83. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.37 and a quick ratio of 1.25.

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.