Fortress Financial Solutions LLC Takes Position in Kartoon Studios Inc. (NASDAQ:TOON)

Fortress Financial Solutions LLC acquired a new stake in Kartoon Studios Inc. (NASDAQ:TOON) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 75,000 shares of the company’s stock, valued at approximately $44,000.

Separately, Geode Capital Management LLC grew its holdings in Kartoon Studios by 9.7% during the third quarter. Geode Capital Management LLC now owns 367,297 shares of the company’s stock valued at $318,000 after purchasing an additional 32,428 shares during the last quarter. Institutional investors and hedge funds own 8.57% of the company’s stock.

Kartoon Studios Trading Up 1.8 %

Shares of Kartoon Studios stock opened at $0.56 on Wednesday. The firm has a fifty day simple moving average of $0.56 and a 200-day simple moving average of $0.73. The stock has a market capitalization of $22.31 million, a price-to-earnings ratio of -0.55 and a beta of 2.77. Kartoon Studios Inc. has a 1-year low of $0.46 and a 1-year high of $2.01.

Kartoon Studios Company Profile

Kartoon Studios Inc, a content and brand management company, creates, produces, licenses, and broadcasts educational and multimedia animated content for children worldwide. The company offers Shaq’s Garage, a children’s animated series about the secret adventures; Cocomelon that provides 3D animation videos of traditional nursery rhymes and children’s songs; Eggventurers, a preschool animated series; Barbie Productions that provides animated Barbie series; Octonauts, a children’s television series based on the children’s books; Roblox Rumble, an elimination-style competitive reality series; and Spin Master Productions.