Connor, Clark & Lunn Investment M recently announced the acquisition of new stake in Xunlei Limited (NASDAQ:XNET). The institutional investor has increased its shareholding in the Communication Services company by 25.61% to 0.17 million shares with purchase of 34513.0 shares. This fresh investment now brings its stake to 0.26% valued currently at $0.31 million. In addition, Lumyna Investments Ltd. raised its holdings by 0.1 million to 0.1 million shares. And Citadel Securities LLC has lifted its position by 150.20% or 46247.0 shares – to 77038.0 shares.
With over 0.16 million Xunlei Limited (XNET) shares trading Friday and a closing price of $2.22 on the day, the dollar volume was approximately $0.36 million. The shares have shown a positive half year performance of 38.20% and its price on 01/13/23 gained nearly 5.45%. Currently, there are 67.48M common shares owned by the public and among those 58.07M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for XNET have a consensus price objective of $12.00. The analysts have set the share’s price value over the next 12 months at a high of $12.00 and a low of $12.00. But an upside of 81.5% will see the stock hit the forecast high price target while median target price for the stock is $12.00.
The top 3 mutual fund holders in Xunlei Limited are DFA Emerging Markets Small Cap Se, Deka – BasisStrategie Flexibel, and DFA Emerging Markets Core Equity. DFA Emerging Markets Small Cap Se owns 0.21 million shares of the company’s stock, all valued at over $0.39 million. DFA Emerging Markets Core Equity now owns shares totaling to 0.20% of the shares outstanding.
Shares of Xunlei Limited (NASDAQ: XNET) opened at $2.10, down -$0.01 from a prior closing price of $2.11. However, the script later moved the day high at 2.2250, up 5.45%. The company’s stock has a 5-day price change of 8.61% and 72.48% over the past three months. XNET shares are trading 22.25% year to date (YTD), with the 12-month market performance up to 14.10% higher. It has a 12-month low price of $0.85 and touched a high of $2.20 over the same period. XNET has an average intraday trading volume of 189.51K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 11.34%, 25.65%, and 43.76% respectively.
Institutional ownership of Xunlei Limited (NASDAQ: XNET) shares accounts for 6.40% of the company’s 67.48M shares outstanding. Mutual fund holders own 1.40%, while other institutional holders and individual stakeholders account for 5.13% and — respectively.
It has a market capitalization of $140.31M and a beta (3y monthly) value of 1.24. The stock’s trailing 12-month PE ratio is 7.78, while the earnings-per-share (ttm) stands at $0.29. The company has a PEG of 0.41 and a Quick Ratio of 2.80 with the debt-to-equity ratio at 0.11. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.98% over the week and 6.18% over the month.
The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. EPS should grow at an annualized rate of 19.00% over the next five years, compared to 15.30% over the past 5-year period.
Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”