Nine Ten Capital Management LLC lessened its position in Reis Inc (NASDAQ:REIS) by 96.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,349 shares of the business services provider’s stock after selling 855,968 shares during the quarter. Reis accounts for approximately 0.2% of Nine Ten Capital Management LLC’s portfolio, making the stock its 8th largest holding. Nine Ten Capital Management LLC’s holdings in Reis were worth $698,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in REIS. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in shares of Reis during the third quarter valued at about $8,662,000. Water Island Capital LLC bought a new position in shares of Reis during the third quarter valued at about $7,516,000. Gabelli Funds LLC bought a new position in shares of Reis during the third quarter valued at about $3,050,000. Harvest Management LLC bought a new position in shares of Reis during the third quarter valued at about $1,615,000. Finally, Acuitas Investments LLC grew its stake in shares of Reis by 226.9% during the second quarter. Acuitas Investments LLC now owns 86,886 shares of the business services provider’s stock valued at $1,894,000 after buying an additional 60,304 shares during the last quarter. 58.60% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have recently issued reports on the company. ValuEngine raised Reis from a “hold” rating to a “buy” rating in a research note on Thursday, August 30th. B. Riley reaffirmed a “neutral” rating and set a $23.00 price objective on shares of Reis in a research note on Friday, August 31st. Finally, BidaskClub raised Reis from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Reis currently has an average rating of “Hold” and an average target price of $23.00.

In other Reis news, major shareholder Corp /De/ Moodys acquired 11,570,797 shares of the stock in a transaction that occurred on Saturday, October 13th. The shares were purchased at an average cost of $23.00 per share, with a total value of $266,128,331.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 21.60% of the stock is currently owned by corporate insiders.

Shares of NASDAQ REIS remained flat at $$22.99 during trading hours on Friday. Reis Inc has a 1 year low of $16.74 and a 1 year high of $24.00.

TRADEMARK VIOLATION NOTICE: This news story was first reported by Watch List News and is the property of of Watch List News. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright laws. The legal version of this news story can be read at https://www.watchlistnews.com/reis-inc-reis-shares-sold-by-nine-ten-capital-management-llc/2668270.html.

Reis Company Profile

Reis, Inc, through its subsidiary, Reis Services, provides commercial real estate market information and analytical tools to real estate professionals in the United States. The company maintains a proprietary database containing information on commercial properties, including apartment, office, retail, warehouse/distribution, flex/research and development, self-storage, and seniors and student housing properties in the metropolitan markets and neighborhoods.

See Also: How are the companies in the S&P 500 selected?

Institutional Ownership by Quarter for Reis (NASDAQ:REIS)

Receive News & Ratings for Reis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reis and related companies with MarketBeat.com's FREE daily email newsletter.