SG Americas Securities LLC Invests $655,000 in Kartoon Studios Inc. $TOON

SG Americas Securities LLC purchased a new position in Kartoon Studios Inc. (NASDAQ:TOON) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,050,010 shares of the company’s stock, valued at approximately $655,000. SG Americas Securities LLC owned about 1.86% of Kartoon Studios as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Anson Funds Management LP grew its holdings in Kartoon Studios by 192.3% in the 4th quarter. Anson Funds Management LP now owns 5,198,384 shares of the company’s stock valued at $3,743,000 after buying an additional 3,420,000 shares during the period. State Street Corp grew its stake in shares of Kartoon Studios by 17.9% in the fourth quarter. State Street Corp now owns 141,260 shares of the company’s stock valued at $102,000 after buying an additional 21,400 shares in the last quarter. L1 Global Manager Pty Ltd acquired a new stake in Kartoon Studios in the fourth quarter valued at approximately $44,000. Geode Capital Management LLC lifted its holdings in Kartoon Studios by 11.2% in the 4th quarter. Geode Capital Management LLC now owns 472,839 shares of the company’s stock worth $341,000 after buying an additional 47,456 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Kartoon Studios by 11.7% in the third quarter. Vanguard Group Inc. now owns 1,834,119 shares of the company’s stock worth $1,354,000 after buying an additional 192,760 shares during the last quarter. Institutional investors and hedge funds own 8.57% of the company’s stock.

Kartoon Studios Stock Down 3.9%

TOON stock traded down $0.03 during midday trading on Tuesday, reaching $0.66. The company had a trading volume of 41,836 shares, compared to its average volume of 689,963. The stock has a 50 day moving average price of $0.74 and a 200 day moving average price of $0.69. The firm has a market capitalization of $39.03 million, a PE ratio of -0.65 and a beta of 2.06. Kartoon Studios Inc. has a fifty-two week low of $0.53 and a fifty-two week high of $1.29.

Kartoon Studios Profile

Kartoon Studios, Inc (NASDAQ: TOON) is a diversified entertainment company focused on creating, producing and distributing animated and live-action content for children and families. The company develops original intellectual property and builds consumer brands across television, digital streaming platforms and theatrical releases. Its offerings span episodic series, feature films and short-form programming, all designed to engage young audiences with positive messaging and educational themes.

The company’s flagship streaming service, the Kartoon Channel, features a wide library of original series such as Rainbow Rangers and Stan Lee’s Superhero Kindergarten, as well as licensed third-party titles.