StockNews.com initiated coverage on shares of SeaChange International (NASDAQ:SEAC – Free Report) in a research report sent to investors on Monday. The firm issued a hold rating on the software maker’s stock.
SeaChange International Stock Performance
Shares of SEAC stock opened at $1.65 on Monday. SeaChange International has a 12-month low of $1.50 and a 12-month high of $10.98. The firm’s 50 day moving average is $2.56 and its 200 day moving average is $3.78. The stock has a market capitalization of $4.31 million, a P/E ratio of -0.45 and a beta of 0.91.
Hedge Funds Weigh In On SeaChange International
A number of large investors have recently made changes to their positions in the company. Jane Street Group LLC purchased a new stake in SeaChange International in the 1st quarter valued at about $38,000. Virtu Financial LLC purchased a new stake in shares of SeaChange International in the 1st quarter worth approximately $39,000. US Bancorp DE purchased a new stake in shares of SeaChange International in the 1st quarter worth approximately $41,000. Vanguard Group Inc. lifted its position in shares of SeaChange International by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 1,806,961 shares of the software maker’s stock worth $777,000 after purchasing an additional 40,000 shares during the period. Finally, Renaissance Technologies LLC lifted its position in shares of SeaChange International by 20.1% in the 1st quarter. Renaissance Technologies LLC now owns 277,461 shares of the software maker’s stock worth $101,000 after purchasing an additional 46,461 shares during the period. 33.14% of the stock is owned by hedge funds and other institutional investors.
SeaChange International Company Profile
SeaChange International, Inc provides video delivery, advertising, streaming platforms, and emerging Free Ad-Supported Streaming TV (FAST) products and services that facilitate the aggregation, licensing, management and distribution of video and advertising content worldwide. It offers Operator TV Platform solutions including customer's current network with OTT video management solutions in a single deployment, digital video broadcasting – cable / quadrature amplitude modulation networks with OTT streaming, and immersive multiscreen experience and on demand services, as well as pre-integrated solutions, such as multi-content delivery networks including Broadpeak, Edgeware and HBO, multidigital rights management, and seamless integration with existing network components.
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