Global X Management Co LLC Acquires New Stake in Xunlei Ltd (XNET)

Global X Management Co LLC acquired a new stake in shares of Xunlei Ltd (NASDAQ:XNET) in the second quarter, HoldingsChannel reports. The fund acquired 105,861 shares of the software maker’s stock, valued at approximately $1,133,000.

Other large investors also recently made changes to their positions in the company. Tower Research Capital LLC TRC acquired a new stake in shares of Xunlei during the 2nd quarter valued at $113,000. Stevens Capital Management LP acquired a new stake in shares of Xunlei during the 2nd quarter valued at $114,000. Engineers Gate Manager LP acquired a new stake in shares of Xunlei during the 2nd quarter valued at $172,000. GSA Capital Partners LLP acquired a new stake in shares of Xunlei during the 2nd quarter valued at $197,000. Finally, Caption Management LLC acquired a new stake in shares of Xunlei during the 2nd quarter valued at $235,000. Institutional investors own 20.65% of the company’s stock.

A number of equities research analysts have recently commented on XNET shares. BidaskClub upgraded Xunlei from a “hold” rating to a “buy” rating in a research report on Sunday, July 15th. TheStreet downgraded Xunlei from a “c-” rating to a “d” rating in a research report on Thursday, August 16th.

Shares of NASDAQ:XNET opened at $8.05 on Wednesday. Xunlei Ltd has a one year low of $4.16 and a one year high of $27.00.

Xunlei (NASDAQ:XNET) last announced its quarterly earnings data on Wednesday, August 15th. The software maker reported $0.01 EPS for the quarter. Xunlei had a negative return on equity of 3.89% and a negative net margin of 4.65%. The company had revenue of $65.39 million during the quarter.

Xunlei Profile

Xunlei Limited, a cloud-based acceleration technology company, operates an Internet platform for digital media content in the People's Republic of China. The company's platform is based on cloud computing that enables users to access, manage, and consume digital media content. It offers Xunlei Accelerator, which enables users to accelerate digital transmission over the Internet; and cloud acceleration subscription services that offer users premium services through various products, such as Green Channel and Offline Accelerator.

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Institutional Ownership by Quarter for Xunlei (NASDAQ:XNET)

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