Geode Capital Management LLC Acquires 16,504 Shares of System1, Inc. (NYSE:SST)

Geode Capital Management LLC raised its holdings in System1, Inc. (NYSE:SST) by 3.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 473,732 shares of the company’s stock after acquiring an additional 16,504 shares during the quarter. Geode Capital Management LLC owned about 0.52% of System1 worth $531,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC boosted its position in shares of System1 by 56.1% during the third quarter. Barclays PLC now owns 38,866 shares of the company’s stock worth $44,000 after purchasing an additional 13,969 shares in the last quarter. Jane Street Group LLC boosted its position 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. XTX Topco Ltd bought a new position in shares of System1 during the second quarter worth $37,000. Finally, Renaissance Technologies LLC boosted its position in shares of System1 by 126.2% during the second quarter. Renaissance Technologies LLC now owns 57,900 shares of the company’s stock worth $88,000 after purchasing an additional 32,300 shares in the last quarter. 87.50% of the stock is owned by institutional investors.

System1 Trading Down 7.0 %

SST opened at $0.77 on Friday. The stock has a market capitalization of $71.13 million, a P/E ratio of -0.64 and a beta of 1.39. System1, Inc. has a 12 month low of $0.76 and a 12 month high of $2.73. The firm’s fifty day simple moving average is $0.95 and its 200 day simple moving average is $1.14. 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 Company 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.