Connor Clark & Lunn Investment Management Ltd. Increases Position in Xunlei Limited (NASDAQ:XNET)

Connor Clark & Lunn Investment Management Ltd. raised its holdings in Xunlei Limited (NASDAQ:XNET) by 3.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 300,092 shares of the software maker’s stock after purchasing an additional 10,276 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.47% of Xunlei worth $555,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Rhumbline Advisers grew its position in Xunlei by 42.8% during the second quarter. Rhumbline Advisers now owns 24,097 shares of the software maker’s stock valued at $40,000 after buying an additional 7,220 shares during the period. Hedge funds and other institutional investors own 5.07% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Xunlei from a “strong-buy” rating to a “buy” rating in a research note on Thursday.

Xunlei Stock Performance

Shares of XNET opened at $1.98 on Friday. Xunlei Limited has a 1 year low of $1.45 and a 1 year high of $2.41. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.92 and a quick ratio of 2.91. The stock’s fifty day moving average price is $1.97 and its two-hundred day moving average price is $1.79. The firm has a market cap of $125.20 million, a PE ratio of 8.59 and a beta of 1.07.

About Xunlei

Xunlei Limited, together with its subsidiaries, operates an internet platform for digital media content in the People's Republic of China. Its platform is based on cloud technology that enables users to access, store, manage, and consume digital media content. The company offers Xunlei Accelerator, which enables users to accelerate digital transmission over the internet; mobile acceleration plug-in, which provides mobile device users with benefits of download speed acceleration and download success rate improvements; and subscription services that offer users premium services through Green Channel and Fast Bird products.