Geode Capital Management LLC Boosts Stock Holdings in Reservoir Media, Inc. (NASDAQ:RSVR)

Geode Capital Management LLC grew its holdings in Reservoir Media, Inc. (NASDAQ:RSVR) by 2.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 620,941 shares of the company’s stock after purchasing an additional 13,836 shares during the period. Geode Capital Management LLC owned approximately 0.95% of Reservoir Media worth $5,037,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Barclays PLC raised its holdings in Reservoir Media by 44.1% during the 3rd quarter. Barclays PLC now owns 60,988 shares of the company’s stock valued at $495,000 after acquiring an additional 18,675 shares during the period. Jane Street Group LLC raised its stake 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 purchasing an additional 9,742 shares during the period. State Street Corp lifted its holdings in 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 purchasing an additional 6,410 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Reservoir Media by 6.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 63,951 shares of the company’s stock worth $519,000 after purchasing an additional 4,087 shares during the period. Finally, E&G Advisors LP purchased a new position in Reservoir Media during the 3rd quarter valued at about $246,000. 44.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Reservoir Media Stock Down 0.6 %

RSVR opened at $8.49 on Friday. The firm has a market capitalization of $553.74 million, a P/E ratio of -424.29, a price-to-earnings-growth ratio of 12.93 and a beta of 0.93. Reservoir Media, Inc. has a one year low of $5.95 and a one year high of $9.83. The company has a fifty day moving average price of $9.00 and a 200-day moving average price of $8.18. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.37 and a quick ratio of 1.25.

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.