BlackRock Inc. Decreases Position in RealNetworks Inc (RNWK)

BlackRock Inc. trimmed its position in RealNetworks Inc (NASDAQ:RNWK) by 55.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 904,536 shares of the technology company’s stock after selling 1,137,941 shares during the period. BlackRock Inc. owned 2.41% of RealNetworks worth $3,347,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Connor Clark & Lunn Investment Management Ltd. grew its position in RealNetworks by 24.3% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 164,343 shares of the technology company’s stock worth $608,000 after purchasing an additional 32,118 shares during the period. JPMorgan Chase & Co. grew its position in RealNetworks by 543.3% during the 1st quarter. JPMorgan Chase & Co. now owns 49,215 shares of the technology company’s stock worth $150,000 after purchasing an additional 41,565 shares during the period. Millennium Management LLC grew its position in RealNetworks by 57.4% during the 1st quarter. Millennium Management LLC now owns 133,935 shares of the technology company’s stock worth $410,000 after purchasing an additional 48,860 shares during the period. LMR Partners LLP acquired a new stake in RealNetworks during the 2nd quarter worth about $268,000. Finally, Dimensional Fund Advisors LP grew its position in RealNetworks by 3.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,501,592 shares of the technology company’s stock worth $7,655,000 after purchasing an additional 72,644 shares during the period. 49.71% of the stock is currently owned by hedge funds and other institutional investors.

RNWK traded down $0.04 during midday trading on Monday, hitting $2.54. 5,982 shares of the company were exchanged, compared to its average volume of 99,593. RealNetworks Inc has a 1-year low of $1.80 and a 1-year high of $4.19.

RealNetworks (NASDAQ:RNWK) last announced its quarterly earnings results on Wednesday, November 7th. The technology company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.08). The company had revenue of $17.58 million for the quarter. RealNetworks had a negative return on equity of 30.83% and a negative net margin of 24.01%.

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RealNetworks Company Profile

RealNetworks, Inc provides network-delivered digital media applications and services to manage, play, and share digital media. Its Consumer Media segment offers RealPlayer media player software, which enables consumers to discover, play, download, manage and edit digital video, stream audio and video, download and save photos and videos from the Web, transfer and share content on social networks, and edit their own photo and video content.

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Institutional Ownership by Quarter for RealNetworks (NASDAQ:RNWK)

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