Investors are more bullish on shares of the company of late at least if you consider the decrease in short interest. The firm had a fall in short interest of -11.12% as of October 13, 2017 from the last reporting period. Short shares decreased 61,351 over that period.
Here are a few substantial investment firms who have updated their positions. As of quarter end Wolverine Asset Management LLC had disposed of 20,400 shares trimming its holdings by 9.6%. The value of the investment in AMCN went from $585,000 to $412,000 a change of $173,000 since the last quarter. As of the end of the quarter Cutler Group LP had bought a total of 3,500 shares growing its position 70.0%. The value of the investment in (AMCN) increased from $0 to $1,000 a change of inf% for the reporting period.
As of quarter end First Manhattan Co had bought a total of 246,500 shares growing its stake by 29.8%. The value of the total investment in AirMedia Group Inc – American D increased from $1,770,000 to $2,674,000 increasing 51.1% quarter to quarter. Simplex Trading, LLC reduced its investment by selling 3,727 shares a decrease of 99.3%. Simplex Trading, LLC now controls 28 shares valued at $0. The total value of its holdings decreased 100.0%.
In the market the company is trading down from yesterday’s close of $2.19.
AirMedia Group Inc., launched on April 12, 2007, is an operator of out-of-home advertising platforms in China. The Company is involved in selling advertising time slots on its network, primarily air travel advertising network, across the People’s Republic of China. The Company holds concession rights to install and operate wireless fidelity (Wi-Fi) systems on trains administered by over eight regional railway administrative bureaus in China. It also holds concession rights to install and operate Wi-Fi systems on various long-haul buses in China. The Company operates approximately 71,900 digital television screens on airplanes operated by over five airlines, including Air China, China Eastern Airlines, China Southern Airlines, Shanghai Airlines and Xiamen Airlines. It also holds concession rights to operate the advertising media platforms at Sinopec gas stations across China. It provides in-flight advertising and non-advertising contents..