Barclays PLC Grows Holdings in Reservoir Media, Inc. (NASDAQ:RSVR)

Barclays PLC lifted its position in shares of Reservoir Media, Inc. (NASDAQ:RSVR) by 44.1% in the third 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 buying an additional 18,675 shares during the quarter. Barclays PLC owned approximately 0.09% of Reservoir Media worth $495,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. The Manufacturers Life Insurance Company purchased a new position in Reservoir Media during the second quarter worth about $81,000. E&G Advisors LP acquired a new position in shares of Reservoir Media during the 3rd quarter valued at about $246,000. Inspire Investing LLC purchased a new position in shares of Reservoir Media during the 2nd quarter worth about $367,000. Jane Street Group LLC boosted its position in shares of Reservoir Media by 22.5% in the third quarter. Jane Street Group LLC now owns 53,018 shares of the company’s stock worth $430,000 after acquiring an additional 9,742 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Reservoir Media by 6.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 63,951 shares of the company’s stock valued at $519,000 after purchasing an additional 4,087 shares during the period. Institutional investors and hedge funds own 44.38% of the company’s stock.

Reservoir Media Price Performance

Shares of RSVR stock opened at $8.54 on Friday. The firm has a fifty day moving average of $9.01 and a two-hundred day moving average of $8.16. The firm has a market cap of $557.00 million, a P/E ratio of -426.79, a P/E/G ratio of 12.93 and a beta of 0.93. Reservoir Media, Inc. has a 1-year low of $5.95 and a 1-year 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.

Wall Street Analyst Weigh In

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

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.