Prudential Financial Inc. boosted its position in shares of SeaChange International, Inc. (NASDAQ:SEAC) by 13.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 95,500 shares of the software maker’s stock after buying an additional 11,500 shares during the period. Prudential Financial Inc.’s holdings in SeaChange International were worth $237,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in SEAC. Bank of New York Mellon Corp increased its stake in SeaChange International by 3.5% in the first quarter. Bank of New York Mellon Corp now owns 211,892 shares of the software maker’s stock worth $526,000 after buying an additional 7,068 shares in the last quarter. Eidelman Virant Capital increased its stake in SeaChange International by 9.1% in the first quarter. Eidelman Virant Capital now owns 109,813 shares of the software maker’s stock worth $272,000 after buying an additional 9,200 shares in the last quarter. Finally, Russell Investments Group Ltd. purchased a new stake in SeaChange International during the fourth quarter worth about $216,000. Institutional investors and hedge funds own 76.33% of the company’s stock.

SeaChange International, Inc. (SEAC) opened at 2.68 on Tuesday. The company’s market capitalization is $94.68 million. The company’s 50 day moving average price is $2.57 and its 200-day moving average price is $2.49. SeaChange International, Inc. has a 52 week low of $2.05 and a 52 week high of $3.44.

SeaChange International (NASDAQ:SEAC) last announced its quarterly earnings data on Tuesday, June 6th. The software maker reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.12. SeaChange International had a negative return on equity of 20.62% and a negative net margin of 85.83%. The firm had revenue of $16.67 million during the quarter, compared to analysts’ expectations of $16.88 million. During the same period last year, the business posted ($0.20) earnings per share. The company’s revenue for the quarter was down 22.8% compared to the same quarter last year. Equities research analysts expect that SeaChange International, Inc. will post ($0.03) earnings per share for the current year.

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A number of research firms have issued reports on SEAC. Zacks Investment Research upgraded SeaChange International from a “hold” rating to a “buy” rating and set a $3.00 price target for the company in a research note on Wednesday, June 14th. ValuEngine upgraded SeaChange International from a “strong sell” rating to a “sell” rating in a research note on Thursday, June 8th.

SeaChange International Company Profile

SeaChange International, Inc (SeaChange) is engaged in the delivery of multiscreen video. The Company’s products and services facilitate the aggregation, licensing, management and distribution of video and advertising content for cable television system operators, telecommunications companies, satellite operators and media companies.

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Institutional Ownership by Quarter for SeaChange International (NASDAQ:SEAC)

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