System1, Inc. (NYSE:SST) Shares Sold by Rhumbline Advisers

Rhumbline Advisers cut its stake in System1, Inc. (NYSE:SST) by 28.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 57,185 shares of the company’s stock after selling 22,717 shares during the period. Rhumbline Advisers owned approximately 0.06% of System1 worth $51,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. JPMorgan Chase & Co. lifted its position in System1 by 215.7% during the third quarter. JPMorgan Chase & Co. now owns 33,993 shares of the company’s stock valued at $38,000 after buying an additional 23,225 shares in the last quarter. Barclays PLC lifted its position in System1 by 56.1% during the third quarter. Barclays PLC now owns 38,866 shares of the company’s stock valued at $44,000 after buying an additional 13,969 shares in the last quarter. Geode Capital Management LLC lifted its position in System1 by 3.6% during the third quarter. Geode Capital Management LLC now owns 473,732 shares of the company’s stock valued at $531,000 after buying an additional 16,504 shares in the last quarter. Finally, Jane Street Group LLC lifted its position in System1 by 74.3% during the third quarter. Jane Street Group LLC now owns 103,589 shares of the company’s stock valued at $116,000 after buying an additional 44,147 shares in the last quarter. 87.50% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Benchmark reaffirmed a “buy” rating and set a $5.00 price target on shares of System1 in a research report on Tuesday.

System1 Trading Down 0.3 %

NYSE SST opened at $0.49 on Wednesday. The stock has a market cap of $45.13 million, a P/E ratio of -0.41 and a beta of 1.38. The company’s fifty day simple moving average is $0.68 and its 200-day simple moving average is $0.93. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 2.52. System1, Inc. has a 52 week low of $0.42 and a 52 week high of $2.73.

System1 (NYSE:SST) last announced its earnings results on Monday, March 10th. The company reported ($0.19) earnings per share for the quarter. The firm had revenue of $75.60 million during the quarter. System1 had a negative net margin of 24.18% and a negative return on equity of 68.85%.

About System1

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.