Ronald L Chez recently disclosed that they own 17.5% of Cinedigm Corp. (NASDAQ:CIDM) in a Form 13D/A disclosure that was filed with the Securities and Exchange Commission (SEC) on Tuesday, September 27th. The investor owns 1,517,312 shares of the stock valued at approximately $3,338,238. The reporting parties listed on the disclosure included Ronald L Chez, Ronald L Chez, Inc and The Chez Family Foundation, Ronald L Chez, Trustee. The disclosure is available through EDGAR at this hyperlink.
Separately, Societe Generale bought a new position in Cinedigm Corp. during the second quarter valued at $110,000. 12.71% of the stock is currently owned by institutional investors and hedge funds.
Cinedigm Corp. (NASDAQ:CIDM) traded down 0.46% on Tuesday, hitting $2.19. 7,085 shares of the company traded hands. The firm’s market capitalization is $18.48 million. Cinedigm Corp. has a 1-year low of $0.90 and a 1-year high of $7.00. The firm’s 50 day moving average price is $1.85 and its 200 day moving average price is $1.79.
Cinedigm Corp. (NASDAQ:CIDM) last announced its earnings results on Monday, August 15th. The company reported ($0.70) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.25) by $0.55. The firm earned $22.50 million during the quarter, compared to analysts’ expectations of $21.06 million. Equities research analysts predict that Cinedigm Corp. will post ($3.05) EPS for the current fiscal year.
Separately, Zacks Investment Research cut shares of Cinedigm Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 12th.
Cinedigm Corp. 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 a range of titles and episodes released across various platforms. The Company’s segments include the first digital cinema deployment (Phase I Deployment), the second digital cinema deployment (Phase II Deployment), digital cinema services (Services), and media content and entertainment group (Content & Entertainment).
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