Raptor/Harbor Reeds Spv LLC

disclosed that they own 16.9% of Reed's, Inc. (NYSEAMERICAN:REED) in a Form 13D/A disclosure that was filed with the Securities and Exchange Commission on Friday, November 17th. The investor owns 2,960,000 shares of the stock worth $5,772,000. The filing is available through the SEC website at this hyperlink.

Other large investors also recently added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its position in shares of Reed's by 46.3% in the 1st quarter. Renaissance Technologies LLC now owns 87,900 shares of the consumer goods maker’s stock valued at $365,000 after purchasing an additional 27,800 shares during the period. North Star Investment Management Corp. boosted its position in shares of Reed's by 4.8% in the 2nd quarter. North Star Investment Management Corp. now owns 204,824 shares of the consumer goods maker’s stock valued at $502,000 after purchasing an additional 9,410 shares during the period. Vanguard Group Inc. boosted its position in shares of Reed's by 9.1% in the 2nd quarter. Vanguard Group Inc. now owns 253,466 shares of the consumer goods maker’s stock valued at $621,000 after purchasing an additional 21,200 shares during the period. Goldman Sachs Group Inc. acquired a new position in shares of Reed's in the 2nd quarter valued at $1,086,000. Finally, FMR LLC boosted its position in Reed's by 156.3% during the 1st quarter. FMR LLC now owns 514,064 shares of the consumer goods maker’s stock worth $2,133,000 after acquiring an additional 313,492 shares during the period.

Shares of Reed's, Inc. (REED) traded up $0.15 during mid-day trading on Friday, hitting $1.95. The company had a trading volume of 10,500 shares, compared to its average volume of 51,951. Reed's, Inc. has a 1-year low of $1.50 and a 1-year high of $4.75.

Reed's (NYSEAMERICAN:REED) last issued its quarterly earnings results on Monday, August 14th. The consumer goods maker reported $0.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.33. The business had revenue of $8.86 million during the quarter.

In other news, Director John Bello acquired 29,400 shares of the firm’s stock in a transaction dated Friday, August 25th. The shares were bought at an average price of $1.70 per share, with a total value of $49,980.00. Following the acquisition, the director now owns 19,355 shares of the company’s stock, valued at $32,903.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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Separately, Maxim Group decreased their price objective on Reed's to $3.50 and set a “buy” rating for the company in a research report on Tuesday, August 15th.

Reed's Profile

Reed’s, Inc develops, manufactures, markets and sells natural non-alcoholic carbonated soft drinks, Kombucha, candies and ice creams. The Company manufactures, licenses, markets and sells several product lines, such as Reed’s Ginger Brews; Virgil’s Root Beer, Cream Sodas, Dr. Better and Real Cola, including ZERO diet sodas; Culture Club Kombucha; China Colas; Reed’s Ginger candy and ice creams, and Sonoma Sparkler and other juice based products.

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Institutional Ownership by Quarter for Reed's (NYSEAMERICAN:REED)

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