Reservoir Media (RSVR) Set to Announce Earnings on Tuesday

Reservoir Media (NASDAQ:RSVRGet Rating) will release its earnings data before the market opens on Tuesday, June 21st. Analysts expect Reservoir Media to post earnings of $0.07 per share for the quarter.

Shares of Reservoir Media stock traded up $0.10 during trading on Friday, reaching $6.59. The company’s stock had a trading volume of 34 shares, compared to its average volume of 93,251. Reservoir Media has a one year low of $5.33 and a one year high of $10.84. The company has a current ratio of 1.21, a quick ratio of 1.10 and a debt-to-equity ratio of 0.66. The business’s fifty day moving average price is $7.89 and its 200-day moving average price is $7.74.

A number of hedge funds have recently added to or reduced their stakes in RSVR. Penserra Capital Management LLC bought a new position in Reservoir Media in the fourth quarter valued at approximately $27,000. Citigroup Inc. increased its stake in Reservoir Media by 125.3% in the fourth quarter. Citigroup Inc. now owns 7,046 shares of the company’s stock valued at $56,000 after purchasing an additional 3,919 shares in the last quarter. Morgan Stanley bought a new stake in Reservoir Media in the third quarter valued at $62,000. Bank of America Corp DE increased its position in shares of Reservoir Media by 1,117,800.0% during the first quarter. Bank of America Corp DE now owns 11,179 shares of the company’s stock worth $110,000 after acquiring an additional 11,178 shares in the last quarter. Finally, Raymond James & Associates bought a new stake in shares of Reservoir Media during the first quarter worth about $118,000. Hedge funds and other institutional investors own 39.51% of the company’s stock.

About Reservoir Media (Get Rating)

Reservoir Media Management, Inc operates as a music publishing company. It operates in 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 discovery and development of recording artists; and marketing, distribution, sale, and licensing of the music catalogs.

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