Ariel Investments LLC trimmed its holdings in shares of Gaia Inc (NASDAQ:GAIA) by 17.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 374,393 shares of the company’s stock after selling 78,500 shares during the period. Ariel Investments LLC owned approximately 2.47% of Gaia worth $4,642,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Suntrust Banks Inc. purchased a new position in Gaia during the fourth quarter valued at $136,000. California State Teachers Retirement System raised its holdings in Gaia by 10.7% during the second quarter. California State Teachers Retirement System now owns 15,550 shares of the company’s stock valued at $174,000 after acquiring an additional 1,500 shares during the period. Teachers Advisors LLC raised its holdings in Gaia by 115.9% during the second quarter. Teachers Advisors LLC now owns 15,847 shares of the company’s stock valued at $177,000 after acquiring an additional 8,507 shares during the period. TIAA CREF Investment Management LLC increased its holdings in shares of Gaia by 97.9% in the second quarter. TIAA CREF Investment Management LLC now owns 24,379 shares of the company’s stock worth $273,000 after purchasing an additional 12,059 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of Gaia by 11.8% in the second quarter. State Street Corp now owns 91,253 shares of the company’s stock worth $1,021,000 after purchasing an additional 9,654 shares during the last quarter. Institutional investors and hedge funds own 32.02% of the company’s stock.
Shares of GAIA stock traded down $0.50 during trading hours on Monday, reaching $15.00. 114,349 shares of the company’s stock were exchanged, compared to its average volume of 123,612. Gaia Inc has a fifty-two week low of $10.00 and a fifty-two week high of $17.70.
Gaia (NASDAQ:GAIA) last released its earnings results on Monday, February 26th. The company reported ($0.37) earnings per share (EPS) for the quarter. Gaia had a negative net margin of 82.26% and a negative return on equity of 28.29%. The firm had revenue of $8.43 million during the quarter. analysts predict that Gaia Inc will post -1.52 earnings per share for the current year.
Several equities research analysts have recently issued reports on the company. BidaskClub raised Gaia from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 17th. Dougherty & Co initiated coverage on Gaia in a research note on Wednesday, March 28th. They set a “buy” rating and a $22.00 price objective on the stock. TheStreet upgraded Gaia from a “d+” rating to a “c-” rating in a research report on Monday, February 26th. B. Riley started coverage on Gaia in a research report on Monday, March 26th. They set a “buy” rating and a $23.00 target price for the company. Finally, Lake Street Capital reiterated a “buy” rating and issued a $20.00 price target (up previously from $17.00) on shares of Gaia in a report on Tuesday, February 27th. Three investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $21.67.
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Gaia, Inc, formerly Gaiam, Inc, is engaged in providing global digital video subscription service. The Company is a global digital video streaming service and online community delivering curated media to its subscribers in over 120 countries. It provides its members access to approximately 7,000 video titles.
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