Bank of New York Mellon Corp Sells 2,364 Shares of Reservoir Media, Inc. (NASDAQ:RSVR)

Bank of New York Mellon Corp lowered its holdings in shares of Reservoir Media, Inc. (NASDAQ:RSVR) by 5.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,225 shares of the company’s stock after selling 2,364 shares during the quarter. Bank of New York Mellon Corp owned about 0.06% of Reservoir Media worth $355,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. increased its position in Reservoir Media by 6.8% during the third 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 last quarter. State Street Corp boosted its stake in shares of Reservoir Media by 1.7% during the 3rd quarter. State Street Corp now owns 374,862 shares of the company’s stock worth $3,040,000 after acquiring an additional 6,410 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of Reservoir Media by 22.5% during the 3rd quarter. Jane Street Group LLC now owns 53,018 shares of the company’s stock valued at $430,000 after acquiring an additional 9,742 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Reservoir Media by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 620,941 shares of the company’s stock valued at $5,037,000 after acquiring an additional 13,836 shares in the last quarter. Finally, 272 Capital LP acquired a new stake in Reservoir Media in the 3rd quarter worth approximately $122,000. Institutional investors and hedge funds own 44.38% of the company’s stock.

Reservoir Media Trading Down 2.4 %

Shares of RSVR stock opened at $7.25 on Friday. Reservoir Media, Inc. has a 12 month low of $6.83 and a 12 month high of $9.83. The company has a market cap of $472.94 million, a PE ratio of 65.92, a price-to-earnings-growth ratio of 7.16 and a beta of 0.93. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.03. The business’s 50 day moving average is $7.81 and its two-hundred day moving average is $8.29.

Reservoir Media (NASDAQ:RSVR) last posted its earnings results on Wednesday, February 5th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.06. Reservoir Media had a net margin of 5.04% and a return on equity of 2.20%. Equities analysts predict that Reservoir Media, Inc. will post 0.11 EPS for the current year.

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.