Guild Investment Management Inc. Has $47,000 Position in Livexlive Media Inc (NASDAQ:LIVX)

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Guild Investment Management Inc. lowered its stake in Livexlive Media Inc (NASDAQ:LIVX) by 85.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,230 shares of the company’s stock after selling 64,070 shares during the period. Guild Investment Management Inc.’s holdings in Livexlive Media were worth $47,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of Livexlive Media by 277.5% in the fourth quarter. BlackRock Inc. now owns 1,363,258 shares of the company’s stock worth $6,748,000 after acquiring an additional 1,002,111 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Livexlive Media by 210.4% in the fourth quarter. Bank of New York Mellon Corp now owns 78,594 shares of the company’s stock worth $390,000 after acquiring an additional 53,276 shares during the last quarter. Northern Trust Corp increased its stake in shares of Livexlive Media by 25.5% in the fourth quarter. Northern Trust Corp now owns 86,138 shares of the company’s stock worth $426,000 after acquiring an additional 17,511 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Livexlive Media by 56.7% in the fourth quarter. Geode Capital Management LLC now owns 237,334 shares of the company’s stock worth $1,174,000 after acquiring an additional 85,855 shares during the last quarter. Finally, Deutsche Bank AG increased its stake in shares of Livexlive Media by 9.3% in the fourth quarter. Deutsche Bank AG now owns 38,553 shares of the company’s stock worth $190,000 after acquiring an additional 3,288 shares during the last quarter. 21.62% of the stock is owned by institutional investors and hedge funds.

Livexlive Media stock opened at $2.95 on Friday. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.57 and a quick ratio of 0.57. The firm has a market capitalization of $146.75 million, a P/E ratio of -4.10 and a beta of 1.37. Livexlive Media Inc has a one year low of $2.12 and a one year high of $7.23. The stock’s fifty day simple moving average is $3.13.

Livexlive Media (NASDAQ:LIVX) last posted its earnings results on Tuesday, August 6th. The company reported ($0.21) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by ($0.02). The business had revenue of $9.50 million for the quarter, compared to analyst estimates of $10.00 million. Livexlive Media had a negative return on equity of 231.67% and a negative net margin of 105.60%. Equities research analysts forecast that Livexlive Media Inc will post -0.5 EPS for the current year.

A number of equities analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Livexlive Media from a “hold” rating to a “sell” rating in a research note on Saturday, June 15th. Maxim Group set a $8.00 price target on shares of Livexlive Media and gave the stock a “buy” rating in a research note on Wednesday. ValuEngine downgraded shares of Livexlive Media from a “buy” rating to a “hold” rating in a research note on Tuesday, April 23rd. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $6.00 price target on shares of Livexlive Media in a research note on Friday, June 14th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $6.56.

Livexlive Media Company Profile

LiveXLive Media, Inc engages in the acquisition, distribution, and monetization of live music, Internet radio, and music-related streaming and video content. The company operates LiveXLive, a live music streaming platform, as well as Slacker Radio, a streaming music service; and produces original music-related content.

See Also: 12b-1 Fees

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Institutional Ownership by Quarter for Livexlive Media (NASDAQ:LIVX)

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