First Pacific Advisors LP Raises Stock Holdings in Reservoir Media, Inc. $RSVR

First Pacific Advisors LP increased its position in Reservoir Media, Inc. (NASDAQ:RSVR) by 4,906.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 329,066 shares of the company’s stock after buying an additional 322,493 shares during the quarter. First Pacific Advisors LP’s holdings in Reservoir Media were worth $2,524,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Corton Capital Inc. bought a new stake in Reservoir Media in the 1st quarter worth approximately $105,000. Nuveen LLC bought a new stake in Reservoir Media in the 1st quarter worth approximately $222,000. Hsbc Holdings PLC lifted its position in Reservoir Media by 42.0% in the 1st quarter. Hsbc Holdings PLC now owns 34,089 shares of the company’s stock worth $248,000 after buying an additional 10,076 shares during the last quarter. Inspire Investing LLC lifted its position in Reservoir Media by 7.5% in the 1st quarter. Inspire Investing LLC now owns 46,838 shares of the company’s stock worth $357,000 after buying an additional 3,281 shares during the last quarter. Finally, Jane Street Group LLC lifted its position in Reservoir Media by 56.7% in the 1st quarter. Jane Street Group LLC now owns 49,649 shares of the company’s stock worth $379,000 after buying an additional 17,963 shares during the last quarter. Institutional investors own 44.38% of the company’s stock.

Reservoir Media Stock Performance

NASDAQ:RSVR opened at $7.32 on Wednesday. The firm has a market cap of $479.90 million, a PE ratio of 66.55, a price-to-earnings-growth ratio of 6.33 and a beta of 0.89. Reservoir Media, Inc. has a fifty-two week low of $6.56 and a fifty-two week high of $9.83. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.29 and a current ratio of 1.29. The business has a 50 day moving average price of $7.78 and a 200-day moving average price of $7.61.

Reservoir Media (NASDAQ:RSVR) last announced its earnings results on Tuesday, August 5th. The company reported ($0.01) EPS for the quarter, meeting analysts’ consensus estimates of ($0.01). The company had revenue of $37.16 billion during the quarter, compared to the consensus estimate of $36.88 million. Reservoir Media had a return on equity of 2.07% and a net margin of 4.67%. Reservoir Media has set its FY 2026 guidance at EPS. Equities research analysts predict that Reservoir Media, Inc. will post 0.11 earnings per share for the current year.

Analysts Set New Price Targets

RSVR has been the subject of a number of recent research reports. Zacks Research upgraded Reservoir Media from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. Weiss Ratings downgraded Reservoir Media from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Saturday. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Reservoir Media has an average rating of “Hold” and a consensus price target of $11.50.

Insider Activity at Reservoir Media

In related news, Director Adam Rothstein sold 74,558 shares of the company’s stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $7.62, for a total transaction of $568,131.96. Following the completion of the transaction, the director owned 214,895 shares in the company, valued at $1,637,499.90. This represents a 25.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 222,988 shares of company stock worth $1,715,523 in the last ninety days. 27.00% of the stock is owned by corporate insiders.

Reservoir Media Profile

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.