Reis Inc (REIS) Shares Sold by Nine Ten Capital Management LLC
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.
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.
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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.
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