Bridgeway Capital Management LLC reduced its holdings in The Arena Group Holdings, Inc. (NYSE:AREN – Free Report) by 37.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 59,100 shares of the company’s stock after selling 35,700 shares during the quarter. Bridgeway Capital Management LLC’s holdings in The Arena Group were worth $79,000 as of its most recent filing with the SEC.
A number of other large investors also recently modified their holdings of AREN. Geode Capital Management LLC increased its holdings in shares of The Arena Group by 117.1% in the 4th quarter. Geode Capital Management LLC now owns 222,340 shares of the company’s stock worth $298,000 after acquiring an additional 119,915 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of The Arena Group in the 4th quarter worth about $33,000. Finally, Northern Trust Corp increased its holdings in shares of The Arena Group by 67.5% in the 4th quarter. Northern Trust Corp now owns 79,626 shares of the company’s stock worth $107,000 after acquiring an additional 32,083 shares during the period. 85.55% of the stock is currently owned by institutional investors.
The Arena Group Stock Up 6.0%
AREN stock opened at $7.55 on Wednesday. The Arena Group Holdings, Inc. has a fifty-two week low of $0.56 and a fifty-two week high of $7.88. The firm’s 50-day simple moving average is $2.93 and its 200 day simple moving average is $1.89. The stock has a market cap of $359.09 million, a PE ratio of -1.78 and a beta of 0.55.
About The Arena Group
The Arena Group Holdings, Inc, together with its subsidiaries, operates digital media platform in the United States and internationally. The company offers the Platform, a proprietary online publishing platform comprising publishing tools, video platforms, social distribution channels, newsletter technology, machine learning content recommendations, notifications, and other technology.
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