WINTON GROUP Ltd Sells 3,939 Shares of Corsair Gaming, Inc. (NASDAQ:CRSR)

WINTON GROUP Ltd reduced its position in shares of Corsair Gaming, Inc. (NASDAQ:CRSR) by 18.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 17,426 shares of the company’s stock after selling 3,939 shares during the quarter. WINTON GROUP Ltd’s holdings in Corsair Gaming were worth $115,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CRSR. Vanguard Group Inc. lifted its position in Corsair Gaming by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 5,813,359 shares of the company’s stock valued at $38,426,000 after purchasing an additional 148,674 shares during the last quarter. LPL Financial LLC purchased a new stake in Corsair Gaming during the fourth quarter valued at approximately $142,000. KLP Kapitalforvaltning AS bought a new stake in shares of Corsair Gaming in the 4th quarter valued at approximately $50,000. Sei Investments Co. boosted its holdings in shares of Corsair Gaming by 50.6% in the 4th quarter. Sei Investments Co. now owns 61,852 shares of the company’s stock worth $409,000 after purchasing an additional 20,780 shares during the period. Finally, Virtu Financial LLC bought a new position in shares of Corsair Gaming during the 4th quarter valued at approximately $130,000. 25.66% of the stock is owned by hedge funds and other institutional investors.

Corsair Gaming Trading Down 2.7 %

CRSR stock opened at $8.86 on Tuesday. Corsair Gaming, Inc. has a 12 month low of $5.60 and a 12 month high of $13.02. The firm’s 50-day moving average is $10.40 and its 200 day moving average is $8.19. The company has a market capitalization of $929.02 million, a PE ratio of -9.33 and a beta of 1.60. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.57 and a quick ratio of 0.92.

Corsair Gaming (NASDAQ:CRSR) last issued its earnings results on Wednesday, February 12th. The company reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16. Corsair Gaming had a negative net margin of 7.53% and a negative return on equity of 4.62%. On average, research analysts anticipate that Corsair Gaming, Inc. will post 0.22 EPS for the current year.

Insider Buying and Selling at Corsair Gaming

In other news, CFO Michael G. Potter sold 4,124 shares of the firm’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $10.08, for a total transaction of $41,569.92. Following the transaction, the chief financial officer now owns 125,650 shares in the company, valued at approximately $1,266,552. This trade represents a 3.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 58.89% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Robert W. Baird raised their price target on Corsair Gaming from $8.00 to $11.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Barclays upped their price target on shares of Corsair Gaming from $9.00 to $12.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Finally, Wedbush reissued an “outperform” rating and issued a $12.00 price objective (up previously from $10.00) on shares of Corsair Gaming in a research note on Wednesday, February 5th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $10.14.

Corsair Gaming Profile

Corsair Gaming, Inc, together with its subsidiaries, designs, develops, markets, and sells gaming and streaming peripherals, components and systems in the Americas, Europe, the Middle East, and the Asia Pacific. It offers gamer and creator peripherals, including gaming keyboards, mice, headsets, controllers, and streaming products, such as capture cards, stream decks, microphones and audio interfaces, facecam streaming cameras, studio accessories, gaming furniture, and other related products.