Cinedigm (NASDAQ:CIDM) will issue its quarterly earnings data after the market closes on Monday, February 14th.
Shares of NASDAQ CIDM traded up $0.02 during mid-day trading on Wednesday, hitting $0.80. The company had a trading volume of 1,016 shares, compared to its average volume of 2,751,950. The company has a market capitalization of $139.90 million, a PE ratio of -20.00 and a beta of 1.66. Cinedigm has a 1-year low of $0.73 and a 1-year high of $2.95. The business’s 50-day simple moving average is $1.11 and its 200 day simple moving average is $1.71.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Citadel Advisors LLC raised its stake in shares of Cinedigm by 59.9% in the second quarter. Citadel Advisors LLC now owns 382,998 shares of the business services provider’s stock valued at $494,000 after acquiring an additional 143,447 shares in the last quarter. Northern Trust Corp raised its stake in shares of Cinedigm by 19.5% in the fourth quarter. Northern Trust Corp now owns 256,251 shares of the business services provider’s stock valued at $297,000 after acquiring an additional 41,886 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Cinedigm in the third quarter valued at $465,000. Bank of New York Mellon Corp raised its stake in Cinedigm by 58.0% in the third quarter. Bank of New York Mellon Corp now owns 88,504 shares of the business services provider’s stock valued at $222,000 after buying an additional 32,483 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in Cinedigm by 6,474.8% in the fourth quarter. Bank of America Corp DE now owns 82,251 shares of the business services provider’s stock valued at $96,000 after buying an additional 81,000 shares in the last quarter. Institutional investors and hedge funds own 15.00% of the company’s stock.
About Cinedigm
Cinedigm Corp. is an independent streaming entertainment company, which engages in the marketing and distribution of movie, television, and other short form content managing a library of distribution rights. It operates through the segments; Cinema Equipment Business, and Content and Entertainment Business (CEG).