PEAK6 Investments L.P. grew its stake in Cinedigm Corp (NASDAQ:CIDM) by 1,364.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 888,775 shares of the business services provider’s stock after acquiring an additional 828,067 shares during the quarter. PEAK6 Investments L.P. owned about 2.55% of Cinedigm worth $1,333,000 at the end of the most recent quarter.
Separately, SG Americas Securities LLC lifted its position in shares of Cinedigm by 45.4% in the third quarter. SG Americas Securities LLC now owns 329,798 shares of the business services provider’s stock valued at $478,000 after acquiring an additional 103,042 shares in the last quarter. Institutional investors and hedge funds own 8.94% of the company’s stock.
Separately, ValuEngine upgraded Cinedigm from a “strong sell” rating to a “sell” rating in a research report on Friday, February 2nd.
Cinedigm (NASDAQ:CIDM) last released its earnings results on Wednesday, February 14th. The business services provider reported ($0.20) earnings per share for the quarter. The company had revenue of $18.49 million during the quarter.
Cinedigm Company Profile
Cinedigm Corp. is a distributor and aggregator of independent movie, television and other short form content managing a library of distribution rights to thousands of titles and episodes released across digital, physical, and home and mobile entertainment platforms. The Company also provides digital cinema assets servicing on over 12,000 domestic and foreign movie screens.
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