Renaissance Technologies LLC boosted its stake in shares of Cinedigm Corp (NASDAQ:CIDM) by 35.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 431,040 shares of the business services provider’s stock after buying an additional 113,100 shares during the period. Renaissance Technologies LLC owned about 4.10% of Cinedigm Corp worth $668,000 as of its most recent filing with the SEC.

Separately, SG Americas Securities LLC boosted its stake in shares of Cinedigm Corp by 150.6% in the first quarter. SG Americas Securities LLC now owns 227,305 shares of the business services provider’s stock valued at $352,000 after buying an additional 136,600 shares during the last quarter. Hedge funds and other institutional investors own 8.69% of the company’s stock.

Shares of Cinedigm Corp (NASDAQ CIDM) traded up 0.325% during midday trading on Wednesday, reaching $1.545. The company’s stock had a trading volume of 2,523 shares. The firm’s market cap is $21.10 million. The company has a 50-day moving average price of $1.52 and a 200-day moving average price of $1.57. Cinedigm Corp has a 12 month low of $1.20 and a 12 month high of $3.00.

Cinedigm Corp (NASDAQ:CIDM) last issued its quarterly earnings data on Monday, August 14th. The business services provider reported ($0.48) EPS for the quarter, topping the consensus estimate of ($0.85) by $0.37. The company had revenue of $15.24 million during the quarter. Equities analysts expect that Cinedigm Corp will post ($3.05) earnings per share for the current year.

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Separately, ValuEngine cut Cinedigm Corp from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 22nd.

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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Institutional Ownership by Quarter for Cinedigm Corp (NASDAQ:CIDM)

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