Chicken Soup for The Soul Entrtnmnt Inc (NASDAQ:CSSE) Major Shareholder Mvm Funds Llc Acquires 95,049 Shares

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Chicken Soup for The Soul Entrtnmnt Inc (NASDAQ:CSSE) major shareholder Mvm Funds Llc acquired 95,049 shares of the business’s stock in a transaction that occurred on Thursday, June 27th. The shares were bought at an average price of $8.88 per share, for a total transaction of $844,035.12. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Mvm Funds Llc also recently made the following trade(s):

  • On Friday, August 2nd, Mvm Funds Llc acquired 35,288 shares of Chicken Soup for The Soul Entrtnmnt stock. The shares were bought at an average price of $9.28 per share, for a total transaction of $327,472.64.

NASDAQ:CSSE opened at $9.02 on Thursday. The business’s 50-day moving average price is $8.55 and its 200 day moving average price is $8.52. The firm has a market cap of $38.51 million, a P/E ratio of -56.38 and a beta of 1.23. Chicken Soup for The Soul Entrtnmnt Inc has a 52-week low of $6.75 and a 52-week high of $13.11.

Chicken Soup for The Soul Entrtnmnt (NASDAQ:CSSE) last released its earnings results on Wednesday, August 14th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.09). The firm had revenue of $12.21 million for the quarter, compared to analyst estimates of $9.96 million. Chicken Soup for The Soul Entrtnmnt had a negative return on equity of 3.84% and a negative net margin of 20.39%. On average, equities analysts anticipate that Chicken Soup for The Soul Entrtnmnt Inc will post -0.09 earnings per share for the current fiscal year.

A number of equities research analysts recently weighed in on CSSE shares. ValuEngine cut shares of Chicken Soup for The Soul Entrtnmnt from a “buy” rating to a “hold” rating in a research note on Wednesday, May 15th. Northland Securities restated a “buy” rating and set a $15.00 price objective on shares of Chicken Soup for The Soul Entrtnmnt in a research note on Thursday, May 16th. Finally, Maxim Group restated a “buy” rating and set a $22.00 price objective on shares of Chicken Soup for The Soul Entrtnmnt in a research note on Tuesday, July 30th.

Large investors have recently added to or reduced their stakes in the stock. Royce & Associates LP lifted its holdings in Chicken Soup for The Soul Entrtnmnt by 45.0% in the 1st quarter. Royce & Associates LP now owns 311,027 shares of the company’s stock worth $3,844,000 after purchasing an additional 96,527 shares during the last quarter. Falcon Point Capital LLC acquired a new stake in Chicken Soup for The Soul Entrtnmnt in the 2nd quarter worth approximately $89,000. Steward Partners Investment Advisory LLC acquired a new stake in Chicken Soup for The Soul Entrtnmnt in the 2nd quarter worth approximately $86,000. Pinnacle Associates Ltd. acquired a new stake in Chicken Soup for The Soul Entrtnmnt in the 2nd quarter worth approximately $79,000. Finally, Vanguard Group Inc. lifted its holdings in Chicken Soup for The Soul Entrtnmnt by 3.8% in the 2nd quarter. Vanguard Group Inc. now owns 191,014 shares of the company’s stock worth $1,433,000 after purchasing an additional 7,000 shares during the last quarter. 19.81% of the stock is currently owned by hedge funds and other institutional investors.

Chicken Soup for The Soul Entrtnmnt Company Profile

Chicken Soup for the Soul Entertainment, Inc, a media company, produces, distributes, and licenses video content in the United States and internationally. It distributes and exhibits video-on-demand (VOD) content directly to consumers through digital platforms, such as smartphones, tablets, gaming consoles, and the Web through its owned and operated advertiser-supported VOD (AVOD) networks, including Popcornflix and Truli; distributes its and third-party owned content to end users in various digital platforms through its owned and operated subscription-based VOD (SVOD) network Pivotshare; and operates a series of direct-to consumer advertising supported channels.

See Also: Neutral Rating

Insider Buying and Selling by Quarter for Chicken Soup for The Soul Entrtnmnt (NASDAQ:CSSE)

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