BlackRock Inc. increased its position in Xunlei Ltd (NASDAQ:XNET) by 46.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 484,305 shares of the software maker’s stock after acquiring an additional 154,333 shares during the period. BlackRock Inc. owned approximately 0.72% of Xunlei worth $5,182,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in XNET. Stevens Capital Management LP bought a new position in shares of Xunlei during the second quarter worth about $114,000. SG Americas Securities LLC lifted its position in shares of Xunlei by 5.8% during the second quarter. SG Americas Securities LLC now owns 107,512 shares of the software maker’s stock worth $1,150,000 after purchasing an additional 5,911 shares during the last quarter. GSA Capital Partners LLP bought a new position in shares of Xunlei during the second quarter worth about $197,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Xunlei during the second quarter worth about $766,000. Finally, TB Alternative Assets Ltd. bought a new position in shares of Xunlei during the second quarter worth about $1,314,000. Institutional investors and hedge funds own 20.48% of the company’s stock.
Shares of NASDAQ XNET opened at $6.57 on Friday. Xunlei Ltd has a 52-week low of $5.29 and a 52-week high of $27.00.
Xunlei (NASDAQ:XNET) last issued its earnings results on Wednesday, August 15th. The software maker reported $0.01 earnings per share (EPS) for the quarter. Xunlei had a negative net margin of 4.65% and a negative return on equity of 3.89%. The firm had revenue of $65.39 million for the quarter.
A number of equities analysts have issued reports on the stock. BidaskClub raised shares of Xunlei from a “sell” rating to a “hold” rating in a report on Tuesday, August 28th. ValuEngine cut shares of Xunlei from a “buy” rating to a “hold” rating in a report on Wednesday, October 24th. Finally, TheStreet cut shares of Xunlei from a “c-” rating to a “d” rating in a report on Thursday, August 16th.
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Xunlei Company Profile
Xunlei Limited, a cloud-based acceleration technology company, operates an Internet platform for digital media content in the People's Republic of China. The company's platform is based on cloud computing that enables users to access, manage, and consume digital media content. It offers Xunlei Accelerator, which enables users to accelerate digital transmission over the Internet; and cloud acceleration subscription services that offer users premium services through various products, such as Green Channel and Offline Accelerator.
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