Myriad Asset Management Ltd. Takes $127,000 Position in AirMedia Group Inc (AMCN)
Myriad Asset Management Ltd. acquired a new stake in AirMedia Group Inc (NASDAQ:AMCN) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 50,989 shares of the business services provider’s stock, valued at approximately $127,000. Myriad Asset Management Ltd. owned about 0.08% of AirMedia Group as of its most recent filing with the Securities and Exchange Commission (SEC).
Separately, First Manhattan Co. raised its position in AirMedia Group by 29.8% in the third quarter. First Manhattan Co. now owns 1,073,952 shares of the business services provider’s stock valued at $2,674,000 after purchasing an additional 246,500 shares during the period. 4.73% of the stock is owned by institutional investors and hedge funds.
Shares of AirMedia Group Inc (NASDAQ:AMCN) opened at $2.00 on Thursday. AirMedia Group Inc has a 12-month low of $1.35 and a 12-month high of $3.30.
AirMedia Group Inc is an operator of out-of-home advertising platforms in China. The Company is engaged in selling advertising time slots on its network, primarily air travel advertising network. It holds concession rights to install and operate wireless fidelity (Wi-Fi) systems on trains administered by over eight regional railway administrative bureaus in China.
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