California State Teachers Retirement System Has $677,000 Stock Position in Resolute Holdings Management, Inc. $RHLD

California State Teachers Retirement System boosted its stake in shares of Resolute Holdings Management, Inc. (NYSE:RHLD) by 1,497.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,169 shares of the company’s stock after acquiring an additional 3,908 shares during the quarter. California State Teachers Retirement System’s holdings in Resolute Holdings Management were worth $677,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RHLD. The Manufacturers Life Insurance Company lifted its position in shares of Resolute Holdings Management by 59.9% during the first quarter. The Manufacturers Life Insurance Company now owns 2,130 shares of the company’s stock worth $346,000 after purchasing an additional 798 shares in the last quarter. Quantinno Capital Management LP boosted its holdings in Resolute Holdings Management by 38.9% in the first quarter. Quantinno Capital Management LP now owns 6,277 shares of the company’s stock valued at $1,019,000 after acquiring an additional 1,757 shares during the last quarter. Corsair Capital Management L.P. increased its position in Resolute Holdings Management by 24.7% in the first quarter. Corsair Capital Management L.P. now owns 259,091 shares of the company’s stock worth $42,050,000 after purchasing an additional 51,317 shares during the period. Renaissance Technologies LLC increased its position in Resolute Holdings Management by 55.9% in the first quarter. Renaissance Technologies LLC now owns 19,800 shares of the company’s stock worth $3,214,000 after purchasing an additional 7,100 shares during the period. Finally, Gamco Investors INC. ET AL raised its holdings in Resolute Holdings Management by 1.1% during the 1st quarter. Gamco Investors INC. ET AL now owns 19,200 shares of the company’s stock worth $3,116,000 after purchasing an additional 200 shares during the last quarter.

Resolute Holdings Management Trading Up 2.0%

Shares of NYSE:RHLD opened at $133.87 on Friday. Resolute Holdings Management, Inc. has a 52-week low of $55.08 and a 52-week high of $236.19. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.89 and a current ratio of 1.35. The company has a market capitalization of $1.05 billion, a P/E ratio of 24.65 and a beta of -1.30. The company has a 50-day simple moving average of $132.63 and a 200 day simple moving average of $145.82.

Resolute Holdings Management (NYSE:RHLD) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.69 earnings per share (EPS) for the quarter. Resolute Holdings Management had a return on equity of 3.55% and a net margin of 4.21%.The firm had revenue of $473.20 million for the quarter.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on RHLD shares. Wall Street Zen upgraded Resolute Holdings Management from a “sell” rating to a “hold” rating in a report on Saturday. Weiss Ratings reiterated a “sell (e+)” rating on shares of Resolute Holdings Management in a report on Tuesday, July 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Resolute Holdings Management Company Profile

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.