Kassirer Asset Management Corp increased its stake in RR Media Ltd. (NASDAQ:RRM) by 86.5% during the second quarter, Holdings Channel reports. The institutional investor owned 74,600 shares of the company’s stock after buying an additional 34,600 shares during the period. Kassirer Asset Management Corp’s holdings in RR Media were worth $975,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the company. JPMorgan Chase & Co. bought a new stake in shares of RR Media during the first quarter valued at $1,175,000. Renaissance Technologies LLC increased its stake in shares of RR Media by 39.5% in the first quarter. Renaissance Technologies LLC now owns 182,700 shares of the company’s stock valued at $2,386,000 after buying an additional 51,750 shares in the last quarter. Finally, Spark Investment Management LLC bought a new stake in shares of RR Media during the first quarter valued at $177,000.
Shares of RR Media Ltd. (NASDAQ:RRM) remained flat at $13.05 during midday trading on Thursday. RR Media Ltd. has a 12-month low of $6.14 and a 12-month high of $13.29. The company’s 50 day moving average is $13.07 and its 200-day moving average is $11.54.
RR Media Company Profile
RR Media Ltd., formerly RRsat Global Communications Network Ltd., is an end-to-end media service partner for broadcasters and content owners. The Company is engaged in offering content management and distribution services. It operates through two segments: Content Management and Distribution Services, and Mobile satellite services (MSS).
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