Reliant Investment Management LLC Makes New $29,000 Investment in Remark Holdings Inc (NASDAQ:MARK)

Reliant Investment Management LLC bought a new position in Remark Holdings Inc (NASDAQ:MARK) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 12,400 shares of the information services provider’s stock, valued at approximately $29,000.

Other large investors have also recently made changes to their positions in the company. Glenview Trust Co purchased a new position in Remark in the second quarter worth about $26,000. UBS Group AG purchased a new position in Remark in the second quarter worth about $28,000. Advisor Group Holdings Inc. boosted its position in Remark by 758.0% in the second quarter. Advisor Group Holdings Inc. now owns 14,586 shares of the information services provider’s stock worth $33,000 after purchasing an additional 12,886 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in Remark in the second quarter worth about $40,000. Finally, XTX Markets LLC purchased a new position in Remark in the second quarter worth about $42,000. 8.89% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have recently commented on the company. Roth Capital reaffirmed a “buy” rating and issued a $4.25 price objective on shares of Remark in a research note on Wednesday, July 8th. ValuEngine raised Remark from a “hold” rating to a “buy” rating in a research note on Monday, August 3rd. Finally, Zacks Investment Research downgraded Remark from a “buy” rating to a “sell” rating in a research note on Thursday, July 30th.

Shares of NASDAQ MARK remained flat at $$1.04 during trading on Tuesday. The stock had a trading volume of 1,329,607 shares, compared to its average volume of 15,455,109. The company has a 50 day simple moving average of $1.33 and a 200 day simple moving average of $1.31. Remark Holdings Inc has a 1 year low of $0.25 and a 1 year high of $3.56. The company has a market capitalization of $103.39 million, a price-to-earnings ratio of -1.98 and a beta of 2.97.

Remark (NASDAQ:MARK) last issued its earnings results on Friday, August 14th. The information services provider reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.01. The business had revenue of $2.30 million for the quarter, compared to the consensus estimate of $1.32 million. As a group, sell-side analysts forecast that Remark Holdings Inc will post -0.24 EPS for the current fiscal year.

About Remark

Remark Holdings, Inc, technology-focused company, develops and deploys artificial intelligence (AI) products and AI-based solutions for businesses in various industries worldwide. It operates through two segments, Travel & Entertainment, and Technology & Data Intelligence. The company operates KanKan, a data intelligence platform that offers AI-based vision products, computing devices, and software-as-a-service products for the financial, retail, entertainment, education, and workplace and public safety industries.

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Institutional Ownership by Quarter for Remark (NASDAQ:MARK)

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