Resolute Holdings Management (NYSE:RHLD) Shares Down 11% – Here’s Why

Resolute Holdings Management, Inc. (NYSE:RHLD) shares were down 11% during trading on Friday . The stock traded as low as $165.96 and last traded at $167.5960. Approximately 70,403 shares were traded during trading, a decline of 53% from the average daily volume of 148,608 shares. The stock had previously closed at $188.38.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Resolute Holdings Management in a research note on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Resolute Holdings Management Stock Performance

The firm has a market capitalization of $1.44 billion and a price-to-earnings ratio of -343.92. The firm has a 50 day moving average price of $200.90 and a 200-day moving average price of $141.73. The company has a debt-to-equity ratio of 4.17, a current ratio of 3.67 and a quick ratio of 3.05.

Institutional Trading of Resolute Holdings Management

A number of large investors have recently made changes to their positions in the company. Locust Wood Capital Advisers LLC acquired a new position in Resolute Holdings Management during the 4th quarter worth approximately $112,292,000. Balance Capital Partners L.P. acquired a new stake in shares of Resolute Holdings Management in the 4th quarter valued at $52,169,000. Vanguard Group Inc. purchased a new stake in shares of Resolute Holdings Management during the 4th quarter worth $47,149,000. Corsair Capital Management L.P. acquired a new position in shares of Resolute Holdings Management during the fourth quarter worth $42,891,000. Finally, UBS Group AG purchased a new position in Resolute Holdings Management in the fourth quarter valued at $28,228,000.

About Resolute Holdings Management

Resolute Holdings Management, Inc operates as an alternative asset management platform company. The company was incorporated in 2024 and is based in New York, New York.