Reed's, Inc. (REED) Stake Owned by Raptor/Harbor Reeds Spv LLC
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.
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.
COPYRIGHT VIOLATION NOTICE: This story was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this story on another site, it was copied illegally and reposted in violation of U.S. and international copyright & trademark law. The original version of this story can be viewed at https://www.thecerbatgem.com/2017/11/17/reeds-inc-reed-stake-owned-by-raptorharbor-reeds-spv-llc.html.
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, 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.
Want to see what other hedge funds are holding REED? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Reed's, Inc. (NYSEAMERICAN:REED).
Receive News & Stock Ratings for Reed's Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reed's Inc. and related stocks with our FREE daily email newsletter.