Stevens Capital Management LP purchased a new position in Xunlei Ltd (NASDAQ:XNET) in the 1st quarter, Holdings Channel reports. The fund purchased 10,704 shares of the software maker’s stock, valued at approximately $39,000.

Other institutional investors have also bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of Xunlei by 7.6% during the 3rd quarter. BlackRock Inc. now owns 521,249 shares of the software maker’s stock worth $3,785,000 after acquiring an additional 36,944 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Xunlei by 88.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 104,114 shares of the software maker’s stock worth $758,000 after acquiring an additional 48,833 shares during the last quarter. Vanguard Group Inc boosted its stake in shares of Xunlei by 0.7% during the 3rd quarter. Vanguard Group Inc now owns 973,578 shares of the software maker’s stock worth $7,068,000 after acquiring an additional 6,370 shares during the last quarter. Legal & General Group Plc purchased a new position in shares of Xunlei during the 3rd quarter worth $31,000. Finally, WINTON GROUP Ltd boosted its stake in shares of Xunlei by 12.4% during the 4th quarter. WINTON GROUP Ltd now owns 28,279 shares of the software maker’s stock worth $96,000 after acquiring an additional 3,122 shares during the last quarter. 17.06% of the stock is owned by institutional investors and hedge funds.

Shares of Xunlei stock traded up $0.05 on Tuesday, hitting $2.76. 148,897 shares of the company’s stock were exchanged, compared to its average volume of 864,770. Xunlei Ltd has a 1 year low of $2.62 and a 1 year high of $15.92. The company has a current ratio of 3.34, a quick ratio of 3.24 and a debt-to-equity ratio of 0.04.

Xunlei (NASDAQ:XNET) last issued its quarterly earnings results on Monday, May 13th. The software maker reported ($0.13) earnings per share for the quarter. The business had revenue of $41.04 million for the quarter. Xunlei had a negative return on equity of 15.42% and a negative net margin of 28.88%.

Separately, ValuEngine upgraded shares of Xunlei from a “hold” rating to a “buy” rating in a research note on Monday, April 1st.

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Xunlei Company Profile

Xunlei Limited, a cloud-based acceleration technology company, operates an Internet platform for digital media content in the People's Republic of China. The company's platform is based on cloud computing that enables users to access, manage, and consume digital media content. It offers Xunlei Accelerator, which enables users to accelerate digital transmission over the Internet; and cloud acceleration subscription services that offer users premium services through various products, such as Green Channel and Offline Accelerator.

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Institutional Ownership by Quarter for Xunlei (NASDAQ:XNET)

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