Sterling Capital Management LLC lowered its holdings in YuMe Inc (NYSE:YUME) by 20.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 116,264 shares of the business services provider’s stock after selling 30,000 shares during the quarter. Sterling Capital Management LLC owned approximately 0.33% of YuMe worth $538,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of YUME. Clarius Group LLC purchased a new position in shares of YuMe in the 2nd quarter worth approximately $199,000. K2 Principal Fund L.P. purchased a new stake in YuMe during the 3rd quarter worth approximately $232,000. Bank of New York Mellon Corp grew its position in YuMe by 54.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 52,517 shares of the business services provider’s stock worth $243,000 after purchasing an additional 18,508 shares during the last quarter. Northern Trust Corp grew its position in YuMe by 4.3% during the 2nd quarter. Northern Trust Corp now owns 56,851 shares of the business services provider’s stock worth $267,000 after purchasing an additional 2,333 shares during the last quarter. Finally, Bank of America Corp DE grew its position in YuMe by 877.7% during the 1st quarter. Bank of America Corp DE now owns 67,458 shares of the business services provider’s stock worth $276,000 after purchasing an additional 60,558 shares during the last quarter. Institutional investors and hedge funds own 48.03% of the company’s stock.
YuMe Inc (YUME) traded up $0.21 on Friday, hitting $4.65. 194,430 shares of the company traded hands, compared to its average volume of 301,047. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.19 and a current ratio of 2.19. YuMe Inc has a 1 year low of $3.35 and a 1 year high of $6.06. The firm has a market cap of $155.16, a PE ratio of 46.50 and a beta of 0.46.
YUME has been the subject of several research reports. ValuEngine cut shares of YuMe from a “hold” rating to a “sell” rating in a research note on Friday, September 15th. TheStreet cut shares of YuMe from a “b-” rating to a “c+” rating in a research note on Friday, October 20th.
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YuMe Company Profile
YuMe, Inc (YuMe) is an independent provider of multi-screen video advertising technology, connecting brand advertisers, digital media property owners and consumers of video content across a range of Internet-connected devices. The Company operating segments include Domestic and International. The Company offers advertising customers end-to-end marketing solutions by combining data-driven technologies with deep insight into audience behavior.
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