Mcgurk Christopher J
disclosed that they own a 4% stake in Cinedigm Corp (NASDAQ:CIDM) in a Form 13D/A disclosure that was filed with the SEC on Friday, November 3rd. The investor owns 1,444,073 shares of the stock valued at approximately $1,848,413. The filing is available through EDGAR at this link.
Separately, Renaissance Technologies LLC boosted its stake in shares of Cinedigm Corp by 35.6% during the 1st quarter. Renaissance Technologies LLC now owns 431,040 shares of the business services provider’s stock worth $668,000 after acquiring an additional 113,100 shares in the last quarter. Hedge funds and other institutional investors own 8.71% of the company’s stock.
Shares of Cinedigm Corp (NASDAQ CIDM) traded down $0.04 during trading hours on Friday, reaching $1.28. The company had a trading volume of 41,529 shares, compared to its average volume of 191,573.
Cinedigm Corp (NASDAQ:CIDM) last announced its earnings results on Monday, August 14th. The business services provider reported ($0.48) earnings per share for the quarter, beating the consensus estimate of ($0.85) by $0.37. The business had revenue of $15.24 million for the quarter.
Separately, ValuEngine downgraded Cinedigm Corp from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 22nd.
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Cinedigm Corp Company Profile
Cinedigm Corp. is a distributor and aggregator of independent movie, television and other short form content managing a library of distribution rights to thousands of titles and episodes released across digital, physical, and home and mobile entertainment platforms. The Company also provides digital cinema assets servicing on over 12,000 domestic and foreign movie screens.
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