Huntington National Bank Has $146,000 Position in Cinedigm Corp. (CIDM)
Huntington National Bank held its stake in shares of Cinedigm Corp. (NASDAQ:CIDM) during the second quarter, Holdings Channel reports. The institutional investor owned 89,913 shares of the company’s stock at the end of the second quarter. Huntington National Bank’s holdings in Cinedigm Corp. were worth $146,000 at the end of the most recent reporting period.
Separately, Renaissance Technologies LLC boosted its stake in shares of Cinedigm Corp. by 13.0% in the first quarter. Renaissance Technologies LLC now owns 983,900 shares of the company’s stock worth $204,000 after buying an additional 113,500 shares in the last quarter. 12.71% of the stock is currently owned by institutional investors and hedge funds.
Cinedigm Corp. (NASDAQ:CIDM) traded up 14.63% during midday trading on Friday, hitting $2.35. The stock had a trading volume of 125,337 shares. The firm’s market cap is $19.83 million. Cinedigm Corp. has a one year low of $0.90 and a one year high of $7.00. The stock has a 50-day moving average price of $1.86 and a 200 day moving average price of $1.76.
Cinedigm Corp. (NASDAQ:CIDM) last announced its earnings results on Monday, August 15th. The company reported ($0.70) EPS for the quarter, beating the consensus estimate of ($1.25) by $0.55. The company had revenue of $22.50 million for the quarter, compared to analysts’ expectations of $21.06 million. On average, analysts predict that Cinedigm Corp. will post ($3.05) earnings per share for the current year.
Separately, Zacks Investment Research cut Cinedigm Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, July 12th.
About Cinedigm Corp.
Cinedigm Corp. is a distributor and aggregator of independent movie, television and other short form content managing a library of distribution rights to a range of titles and episodes released across various platforms. The Company’s segments include the first digital cinema deployment (Phase I Deployment), the second digital cinema deployment (Phase II Deployment), digital cinema services (Services), and media content and entertainment group (Content & Entertainment).
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