Cheer Holding, Inc. (NASDAQ:CHR) Shares Purchased by Shah Capital Management

Shah Capital Management increased its holdings in shares of Cheer Holding, Inc. (NASDAQ:CHR) by 24.0% in the fourth quarter, Holdings Channel reports. The firm owned 1,614,921 shares of the company’s stock after buying an additional 312,521 shares during the period. Cheer comprises 0.8% of Shah Capital Management’s investment portfolio, making the stock its 14th largest holding. Shah Capital Management owned about 0.16% of Cheer worth $4,021,000 at the end of the most recent reporting period.

Cheer Stock Up 1.6 %

NASDAQ CHR opened at $2.58 on Monday. The stock has a 50-day moving average of $2.60 and a two-hundred day moving average of $2.65. Cheer Holding, Inc. has a 1-year low of $2.18 and a 1-year high of $3.90.

Cheer Company Profile

Cheer Holding, Inc, through its subsidiaries, provides advertisement and content production services in the People’s Republic of China. It operates through Cheers APP Internet Business and Traditional Media Businesses segments. The company also engages in mobile and online advertising, and media and entertainment businesses.