TheStreet, Inc. (TST) Holdings Maintained by Punch & Associates Investment Management Inc.
Punch & Associates Investment Management Inc. maintained its stake in TheStreet, Inc. (NASDAQ:TST) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,938,866 shares of the information services provider’s stock at the close of the second quarter. Punch & Associates Investment Management Inc. owned approximately 5.41% of TheStreet worth $1,609,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Cannell Capital LLC raised its position in TheStreet by 6.3% in the first quarter. Cannell Capital LLC now owns 3,378,347 shares of the information services provider’s stock worth $2,568,000 after purchasing an additional 200,000 shares in the last quarter. HighTower Advisors LLC raised its position in TheStreet by 5.6% in the first quarter. HighTower Advisors LLC now owns 3,100,465 shares of the information services provider’s stock worth $2,357,000 after purchasing an additional 165,053 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in TheStreet by 1.4% in the first quarter. Renaissance Technologies LLC now owns 1,743,100 shares of the information services provider’s stock worth $1,325,000 after purchasing an additional 24,700 shares in the last quarter. 46.84% of the stock is owned by institutional investors and hedge funds.
TST has been the subject of several recent research reports. Zacks Investment Research lowered shares of TheStreet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 13th. B. Riley reissued a “buy” rating and issued a $2.10 price target on shares of TheStreet in a research report on Friday, July 28th.
TheStreet, Inc. (NASDAQ TST) traded up 0.94% on Thursday, reaching $1.07. 6,162 shares of the company traded hands. The stock has a 50-day moving average price of $0.92 and a 200-day moving average price of $0.86. The firm’s market cap is $38.38 million. TheStreet, Inc. has a 52-week low of $0.61 and a 52-week high of $1.13.
TheStreet (NASDAQ:TST) last issued its quarterly earnings data on Tuesday, August 1st. The information services provider reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.02. TheStreet had a negative net margin of 21.87% and a negative return on equity of 1.30%. The business had revenue of $15.96 million during the quarter, compared to analysts’ expectations of $15.72 million. Analysts anticipate that TheStreet, Inc. will post ($0.03) earnings per share for the current fiscal year.
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TheStreet, Inc (TheStreet) is a digital financial media company focused on the financial, and mergers and acquisitions environment. The Company’s collection of digital services provides users, subscribers and advertisers with a range of content and tools through a range of online, social media, tablet and mobile channels.
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