California State Teachers Retirement System lifted its stake in LiveXLive Media, Inc. (NASDAQ:LIVX) by 38.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 69,646 shares of the company’s stock after buying an additional 19,451 shares during the quarter. California State Teachers Retirement System owned approximately 0.10% of LiveXLive Media worth $181,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of LIVX. State Street Corp lifted its position in shares of LiveXLive Media by 3.4% in the third quarter. State Street Corp now owns 572,363 shares of the company’s stock valued at $1,485,000 after acquiring an additional 18,700 shares in the last quarter. Lord Abbett & CO. LLC acquired a new stake in shares of LiveXLive Media in the third quarter valued at $2,080,000. Bank of America Corp DE boosted its holdings in LiveXLive Media by 1,532.7% in the second quarter. Bank of America Corp DE now owns 17,209 shares of the company’s stock valued at $63,000 after purchasing an additional 16,155 shares during the period. Goldman Sachs Group Inc. boosted its holdings in LiveXLive Media by 372.0% in the second quarter. Goldman Sachs Group Inc. now owns 74,470 shares of the company’s stock valued at $269,000 after purchasing an additional 58,692 shares during the period. Finally, Pinnacle Associates Ltd. purchased a new position in LiveXLive Media in the third quarter valued at $76,000. Institutional investors own 31.86% of the company’s stock.
In other news, CEO Robert S. Ellin purchased 27,200 shares of the company’s stock in a transaction on Thursday, November 19th. The shares were bought at an average price of $1.89 per share, for a total transaction of $51,408.00. Following the completion of the purchase, the chief executive officer now owns 1,489,946 shares of the company’s stock, valued at $2,815,997.94. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Michael Quartieri acquired 19,255 shares of the stock in a transaction that occurred on Tuesday, December 15th. The shares were bought at an average price of $2.90 per share, for a total transaction of $55,839.50. Following the purchase, the chief financial officer now directly owns 19,255 shares of the company’s stock, valued at $55,839.50. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 101,477 shares of company stock valued at $247,877. 29.60% of the stock is owned by insiders.
NASDAQ LIVX opened at $3.28 on Friday. The business’s 50 day moving average is $2.67 and its two-hundred day moving average is $2.84. The stock has a market capitalization of $236.50 million, a price-to-earnings ratio of -5.66 and a beta of 1.28. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.20. LiveXLive Media, Inc. has a 12-month low of $0.72 and a 12-month high of $4.89.
LiveXLive Media (NASDAQ:LIVX) last posted its earnings results on Sunday, November 15th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.03). The company had revenue of $14.56 million during the quarter, compared to analysts’ expectations of $15.92 million. Equities analysts forecast that LiveXLive Media, Inc. will post -0.5 earnings per share for the current fiscal year.
A number of research analysts recently issued reports on the company. Zacks Investment Research lowered LiveXLive Media from a “hold” rating to a “sell” rating in a report on Wednesday, December 23rd. HC Wainwright reaffirmed a “buy” rating on shares of LiveXLive Media in a report on Tuesday, November 17th. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $4.92.
About LiveXLive Media
LiveXLive Media, Inc, a digital media company, engages in the acquisition, distribution, and monetization of live music, Internet radio, podcasting, and music-related streaming and video content. It operates LiveXLive, a live music streaming platform; and Slacker Radio, a streaming music service, as well as produces original music-related content.
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