Mvm Funds Llc Acquires 35,288 Shares of Chicken Soup for The Soul Entrtnmnt Inc (NASDAQ:CSSE) Stock

Chicken Soup for The Soul Entrtnmnt Inc (NASDAQ:CSSE) major shareholder Mvm Funds Llc acquired 35,288 shares of Chicken Soup for The Soul Entrtnmnt stock in a transaction dated Friday, August 2nd. The shares were acquired at an average price of $9.28 per share, with a total value of $327,472.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Mvm Funds Llc also recently made the following trade(s):

  • On Thursday, June 27th, Mvm Funds Llc acquired 95,049 shares of Chicken Soup for The Soul Entrtnmnt stock. The shares were acquired at an average price of $8.88 per share, with a total value of $844,035.12.

Shares of NASDAQ CSSE opened at $9.02 on Thursday. The stock has a 50 day simple moving average of $8.55 and a 200-day simple moving average of $8.52. Chicken Soup for The Soul Entrtnmnt Inc has a 12-month low of $6.75 and a 12-month high of $13.11.

Chicken Soup for The Soul Entrtnmnt (NASDAQ:CSSE) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.09). The business had revenue of $12.21 million for the quarter, compared to analyst estimates of $9.96 million. Chicken Soup for The Soul Entrtnmnt had a negative return on equity of 3.84% and a negative net margin of 20.39%. On average, analysts predict that Chicken Soup for The Soul Entrtnmnt Inc will post -0.09 earnings per share for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of CSSE. Royce & Associates LP raised its holdings in Chicken Soup for The Soul Entrtnmnt by 45.0% during the first quarter. Royce & Associates LP now owns 311,027 shares of the company’s stock worth $3,844,000 after purchasing an additional 96,527 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new stake in Chicken Soup for The Soul Entrtnmnt during the second quarter worth approximately $86,000. Falcon Point Capital LLC bought a new stake in Chicken Soup for The Soul Entrtnmnt during the second quarter worth approximately $89,000. Ladenburg Thalmann Financial Services Inc. raised its holdings in Chicken Soup for The Soul Entrtnmnt by 14,661.1% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 15,942 shares of the company’s stock worth $120,000 after purchasing an additional 15,834 shares in the last quarter. Finally, Morgan Stanley raised its holdings in Chicken Soup for The Soul Entrtnmnt by 58.5% during the second quarter. Morgan Stanley now owns 4,014 shares of the company’s stock worth $30,000 after purchasing an additional 1,481 shares in the last quarter. Institutional investors and hedge funds own 19.81% of the company’s stock.

Several brokerages have recently issued reports on CSSE. Maxim Group reiterated a “buy” rating and set a $22.00 price objective on shares of Chicken Soup for The Soul Entrtnmnt in a research report on Tuesday, July 30th. Northland Securities reiterated a “buy” rating and set a $15.00 price objective on shares of Chicken Soup for The Soul Entrtnmnt in a research report on Thursday, May 16th. Finally, ValuEngine downgraded Chicken Soup for The Soul Entrtnmnt from a “buy” rating to a “hold” rating in a research report on Wednesday, May 15th.

Chicken Soup for The Soul Entrtnmnt Company Profile

Chicken Soup for the Soul Entertainment, Inc, a media company, produces, distributes, and licenses video content in the United States and internationally. It distributes and exhibits video-on-demand (VOD) content directly to consumers through digital platforms, such as smartphones, tablets, gaming consoles, and the Web through its owned and operated advertiser-supported VOD (AVOD) networks, including Popcornflix and Truli; distributes its and third-party owned content to end users in various digital platforms through its owned and operated subscription-based VOD (SVOD) network Pivotshare; and operates a series of direct-to consumer advertising supported channels.

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Insider Buying and Selling by Quarter for Chicken Soup for The Soul Entrtnmnt (NASDAQ:CSSE)

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