Geode Capital Management LLC Boosts Position in CuriosityStream Inc. (NASDAQ:CURI)

Geode Capital Management LLC raised its stake in shares of CuriosityStream Inc. (NASDAQ:CURI) by 21.2% in the third quarter, Holdings Channel reports. The institutional investor owned 322,946 shares of the company’s stock after buying an additional 56,402 shares during the quarter. Geode Capital Management LLC’s holdings in CuriosityStream were worth $617,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Delta Financial Group Inc. grew its holdings in CuriosityStream by 26.4% during the 3rd quarter. Delta Financial Group Inc. now owns 57,405 shares of the company’s stock valued at $110,000 after buying an additional 12,000 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of CuriosityStream during the 2nd quarter valued at about $27,000. Renaissance Technologies LLC boosted its position in shares of CuriosityStream by 28.9% during the 2nd quarter. Renaissance Technologies LLC now owns 402,126 shares of the company’s stock valued at $458,000 after acquiring an additional 90,126 shares during the last quarter. CWM LLC boosted its position in shares of CuriosityStream by 310.7% during the 3rd quarter. CWM LLC now owns 297,656 shares of the company’s stock valued at $569,000 after acquiring an additional 225,188 shares during the last quarter. Finally, Oldfield Partners LLP bought a new stake in shares of CuriosityStream during the 2nd quarter valued at about $417,000. Hedge funds and other institutional investors own 6.79% of the company’s stock.

CuriosityStream Price Performance

NASDAQ:CURI opened at $1.69 on Friday. The business has a 50 day moving average of $1.71 and a 200 day moving average of $1.63. The company has a market capitalization of $93.76 million, a price-to-earnings ratio of -6.04 and a beta of 1.09. CuriosityStream Inc. has a 1-year low of $0.45 and a 1-year high of $3.00.

CuriosityStream (NASDAQ:CURI) last released its earnings results on Wednesday, November 6th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.05). The firm had revenue of $12.60 million during the quarter, compared to the consensus estimate of $13.80 million. CuriosityStream had a negative return on equity of 22.18% and a negative net margin of 28.56%. During the same quarter in the previous year, the firm earned ($0.14) EPS. As a group, sell-side analysts anticipate that CuriosityStream Inc. will post -0.2 EPS for the current year.

CuriosityStream Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a $0.025 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.10 annualized dividend and a yield of 5.92%. CuriosityStream’s payout ratio is currently -35.71%.

Insider Buying and Selling at CuriosityStream

In related news, CEO Clinton Larry Stinchcomb acquired 17,877 shares of the stock in a transaction on Thursday, December 12th. The stock was purchased at an average price of $1.68 per share, for a total transaction of $30,033.36. Following the completion of the transaction, the chief executive officer now owns 2,155,306 shares of the company’s stock, valued at $3,620,914.08. This trade represents a 0.84 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last 90 days, insiders purchased 21,220 shares of company stock worth $35,589. 49.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, Needham & Company LLC lifted their price target on CuriosityStream from $1.35 to $3.00 and gave the company a “buy” rating in a research report on Thursday, November 7th.

About CuriosityStream

CuriosityStream Inc operates as a factual content streaming service and media company. The company provides premium video and audio programming services in various categories of factual entertainment, including science, history, society, nature, lifestyle, and technology through direct subscription video on-demand (SVoD) platforms accessible by internet connected devices, or indirectly via distribution partners who deliver CuriosityStream content via distributor's platform or system, as well as through bundled content licenses for SVoD and linear offerings, talks and courses, and partner bulk sales.