Xunlei (XNET) Trading 6.7% Higher

Xunlei Ltd (NASDAQ:XNET) traded up 6.7% during trading on Thursday . The company traded as high as $11.68 and last traded at $11.35. 1,245,753 shares changed hands during trading, a decline of 64% from the average session volume of 3,461,975 shares. The stock had previously closed at $10.64.

A number of equities research analysts recently commented on the stock. BidaskClub cut shares of Xunlei from a “hold” rating to a “sell” rating in a research report on Thursday, March 29th. ValuEngine raised shares of Xunlei from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd.

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Xunlei (NASDAQ:XNET) last posted its quarterly earnings results on Wednesday, March 14th. The software maker reported $0.04 earnings per share (EPS) for the quarter. The business had revenue of $81.71 million during the quarter. Xunlei had a negative net margin of 18.00% and a negative return on equity of 9.99%.

Several hedge funds and other institutional investors have recently bought and sold shares of XNET. State Street Corp raised its holdings in shares of Xunlei by 8.6% in the second quarter. State Street Corp now owns 99,693 shares of the software maker’s stock worth $323,000 after buying an additional 7,880 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in shares of Xunlei in the third quarter worth $300,000. Dimensional Fund Advisors LP raised its holdings in shares of Xunlei by 92.2% in the third quarter. Dimensional Fund Advisors LP now owns 52,378 shares of the software maker’s stock worth $223,000 after buying an additional 25,130 shares during the last quarter. Susquehanna International Group LLP raised its holdings in shares of Xunlei by 234.8% in the third quarter. Susquehanna International Group LLP now owns 60,218 shares of the software maker’s stock worth $256,000 after buying an additional 42,230 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Xunlei in the fourth quarter worth $916,000. 19.88% of the stock is owned by institutional investors and hedge funds.

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Xunlei Company Profile

Xunlei Limited (Xunlei) is a cloud-based acceleration technology company. The Company operates an Internet platform in China based on cloud computing to enable users to access, manage and consume digital media content. The Company’s segment is the operation of its online media platform. The Company’s products and services include Xunlei Accelerator, which enables users to accelerate digital transmission over the Internet, and cloud acceleration subscription services, which offer user services for speed and reliability.

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