ValuEngine Lowers RLJ Entertainment (RLJE) to Hold

ValuEngine downgraded shares of RLJ Entertainment (NASDAQ:RLJE) from a buy rating to a hold rating in a research note released on Wednesday morning.

Shares of NASDAQ RLJE opened at $4.98 on Wednesday. The company has a debt-to-equity ratio of -13.09, a current ratio of 1.64 and a quick ratio of 1.56. RLJ Entertainment has a twelve month low of $2.49 and a twelve month high of $5.24.

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RLJ Entertainment (NASDAQ:RLJE) last announced its quarterly earnings results on Thursday, March 15th. The company reported $0.60 earnings per share for the quarter. The business had revenue of $32.68 million for the quarter.

An institutional investor recently raised its position in RLJ Entertainment stock. Gabelli Funds LLC raised its position in shares of RLJ Entertainment Inc (NASDAQ:RLJE) by 43.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 80,026 shares of the company’s stock after acquiring an additional 24,226 shares during the period. Gabelli Funds LLC owned approximately 0.57% of RLJ Entertainment worth $294,000 at the end of the most recent quarter. 7.41% of the stock is currently owned by hedge funds and other institutional investors.

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About RLJ Entertainment

RLJ Entertainment, Inc, a digital channel company, acquires content rights in British mysteries and dramas, urban-themed programming, and full-length motion pictures in the United States, the United Kingdom, and internationally. It operates through three segments: Proprietary Subscription-Based Digital Channels, Intellectual Property Licensing, and Wholesale Distribution.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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