First Trust Advisors LP Sells 20,023 Shares of Xunlei Ltd (XNET)
First Trust Advisors LP cut its holdings in shares of Xunlei Ltd (NASDAQ:XNET) by 8.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 204,556 shares of the software maker’s stock after selling 20,023 shares during the quarter. First Trust Advisors LP’s holdings in Xunlei were worth $1,485,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Fox Run Management L.L.C. bought a new position in shares of Xunlei during the third quarter worth approximately $184,000. Global X Management Co LLC bought a new position in shares of Xunlei during the second quarter worth approximately $1,133,000. Tower Research Capital LLC TRC bought a new position in shares of Xunlei during the second quarter worth approximately $113,000. Caption Management LLC bought a new position in shares of Xunlei during the second quarter worth approximately $235,000. Finally, Krane Funds Advisors LLC bought a new position in shares of Xunlei during the second quarter worth approximately $5,313,000. 20.68% of the stock is currently owned by institutional investors.
Shares of XNET opened at $5.15 on Friday. Xunlei Ltd has a 12 month low of $4.57 and a 12 month high of $24.99.
Several research analysts have recently commented on the stock. ValuEngine cut shares of Xunlei from a “buy” rating to a “hold” rating in a report on Sunday, December 2nd. BidaskClub cut shares of Xunlei from a “hold” rating to a “sell” rating in a report on Saturday, November 17th. Finally, TheStreet cut shares of Xunlei from a “c-” rating to a “d” rating in a report on Thursday, August 16th.
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.
Further Reading: Depreciation
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