Jane Street Group LLC Grows Position in Reservoir Media, Inc. (NASDAQ:RSVR)

Jane Street Group LLC grew its stake in Reservoir Media, Inc. (NASDAQ:RSVR) by 22.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 53,018 shares of the company’s stock after purchasing an additional 9,742 shares during the period. Jane Street Group LLC owned approximately 0.08% of Reservoir Media worth $430,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company purchased a new position in Reservoir Media in the 2nd quarter worth about $81,000. E&G Advisors LP acquired a new stake in Reservoir Media during the 3rd quarter worth about $246,000. Inspire Investing LLC acquired a new stake in Reservoir Media during the second quarter valued at $367,000. Charles Schwab Investment Management Inc. raised its stake in shares of Reservoir Media by 6.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 63,951 shares of the company’s stock worth $519,000 after buying an additional 4,087 shares during the period. Finally, 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 valued at $551,000 after acquiring an additional 36,068 shares in the last quarter. Institutional investors own 44.38% of the company’s stock.

Wall Street Analyst Weigh In

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

Reservoir Media Price Performance

RSVR stock opened at $8.22 on Wednesday. The business has a fifty day moving average of $8.98 and a two-hundred day moving average of $8.21. The company has a quick ratio of 1.25, a current ratio of 1.37 and a debt-to-equity ratio of 0.90. The stock has a market cap of $536.13 million, a price-to-earnings ratio of -410.79, a price-to-earnings-growth ratio of 12.93 and a beta of 0.94. Reservoir Media, Inc. has a 52-week low of $5.95 and a 52-week high of $9.83.

About Reservoir Media

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.