JPMorgan Chase & Co. Acquires 23,225 Shares of System1, Inc. (NYSE:SST)

JPMorgan Chase & Co. grew its stake in shares of System1, Inc. (NYSE:SST) by 215.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,993 shares of the company’s stock after acquiring an additional 23,225 shares during the period. JPMorgan Chase & Co.’s holdings in System1 were worth $38,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in SST. Barclays PLC increased its stake in System1 by 56.1% in the 3rd quarter. Barclays PLC now owns 38,866 shares of the company’s stock worth $44,000 after acquiring an additional 13,969 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of System1 by 126.2% during the 2nd quarter. Renaissance Technologies LLC now owns 57,900 shares of the company’s stock valued at $88,000 after acquiring an additional 32,300 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of System1 by 74.3% during the third quarter. Jane Street Group LLC now owns 103,589 shares of the company’s stock worth $116,000 after purchasing an additional 44,147 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of System1 by 3.6% in the third quarter. Geode Capital Management LLC now owns 473,732 shares of the company’s stock worth $531,000 after purchasing an additional 16,504 shares during the last quarter. 87.50% of the stock is owned by institutional investors.

System1 Stock Performance

System1 stock opened at $0.67 on Wednesday. System1, Inc. has a fifty-two week low of $0.60 and a fifty-two week high of $2.73. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.36 and a current ratio of 1.36. The stock has a market cap of $61.58 million, a P/E ratio of -0.55 and a beta of 1.35. The firm’s fifty day moving average price is $0.84 and its 200-day moving average price is $1.04.

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

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.