Barclays PLC Acquires 13,969 Shares of System1, Inc. (NYSE:SST)

Barclays PLC lifted its stake in System1, Inc. (NYSE:SST) by 56.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 38,866 shares of the company’s stock after purchasing an additional 13,969 shares during the quarter. Barclays PLC’s holdings in System1 were worth $44,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Geode Capital Management LLC lifted its position in shares of System1 by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 473,732 shares of the company’s stock valued at $531,000 after acquiring an additional 16,504 shares during the period. Jane Street Group LLC raised its stake in System1 by 74.3% in the third quarter. Jane Street Group LLC now owns 103,589 shares of the company’s stock valued at $116,000 after purchasing an additional 44,147 shares in the last quarter. Renaissance Technologies LLC lifted its position in System1 by 126.2% during the second quarter. Renaissance Technologies LLC now owns 57,900 shares of the company’s stock worth $88,000 after purchasing an additional 32,300 shares during the period. Finally, XTX Topco Ltd acquired a new stake in System1 during the second quarter worth about $37,000. Institutional investors and hedge funds own 87.50% of the company’s stock.

System1 Stock Performance

Shares of NYSE:SST opened at $0.77 on Friday. The company’s 50 day simple moving average is $0.88 and its 200 day simple moving average is $1.08. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.36 and a quick ratio of 1.36. System1, Inc. has a 1 year low of $0.60 and a 1 year high of $2.73. The stock has a market capitalization of $70.77 million, a price-to-earnings ratio of -0.64 and a beta of 1.39.

System1 (NYSE:SST) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.34) earnings per share (EPS) for the quarter. System1 had a negative net margin of 24.18% and a negative return on equity of 68.85%. The business had revenue of $88.83 million during the quarter.

System1 Profile

System1, Inc provides omnichannel customer acquisition platform services through its proprietary responsive acquisition marketing platform in the United States, the United Kingdom, Canada, the Netherlands, and internationally. It operates through two segments: Owned and Operated Advertising, and Partner Network.