Marchex, Inc. (MCHX) Holdings Held by Concourse Capital Management LLC
Concourse Capital Management LLC maintained its stake in shares of Marchex, Inc. (NASDAQ:MCHX) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 133,230 shares of the technology company’s stock at the end of the 2nd quarter. Concourse Capital Management LLC owned approximately 0.32% of Marchex worth $397,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently modified their holdings of MCHX. Bank of New York Mellon Corp lifted its holdings in Marchex by 3.1% in the first quarter. Bank of New York Mellon Corp now owns 174,205 shares of the technology company’s stock worth $473,000 after buying an additional 5,241 shares during the period. TFS Capital LLC purchased a new stake in Marchex in the first quarter worth about $118,000. Alambic Investment Management L.P. lifted its holdings in Marchex by 11.6% in the first quarter. Alambic Investment Management L.P. now owns 149,210 shares of the technology company’s stock worth $406,000 after buying an additional 15,500 shares during the period. P.A.W. Capital Corp lifted its holdings in Marchex by 1.4% in the first quarter. P.A.W. Capital Corp now owns 1,400,000 shares of the technology company’s stock worth $3,808,000 after buying an additional 20,000 shares during the period. Finally, Kennedy Capital Management Inc. lifted its holdings in Marchex by 44.7% in the first quarter. Kennedy Capital Management Inc. now owns 554,914 shares of the technology company’s stock worth $1,509,000 after buying an additional 171,342 shares during the period. Institutional investors and hedge funds own 49.69% of the company’s stock.
Shares of Marchex, Inc. (NASDAQ MCHX) traded down 1.246% during trading on Friday, hitting $3.091. 20,541 shares of the company’s stock were exchanged. Marchex, Inc. has a one year low of $2.46 and a one year high of $3.75. The stock’s market cap is $132.15 million. The firm has a 50-day moving average price of $2.97 and a 200-day moving average price of $2.84.
Marchex (NASDAQ:MCHX) last released its quarterly earnings data on Wednesday, August 2nd. The technology company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.02. The company had revenue of $22.02 million during the quarter, compared to analysts’ expectations of $21.97 million. Marchex had a negative net margin of 15.53% and a negative return on equity of 10.65%. The firm’s quarterly revenue was down 36.0% on a year-over-year basis. During the same period in the previous year, the company earned ($0.02) EPS. Equities research analysts expect that Marchex, Inc. will post ($0.05) EPS for the current fiscal year.
MCHX has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Marchex from a “hold” rating to a “buy” rating and set a $3.25 price objective for the company in a report on Wednesday, August 9th. ValuEngine upgraded shares of Marchex from a “sell” rating to a “hold” rating in a report on Friday, September 1st.
Marchex, Inc is a mobile advertising analytics company. The Company offers products and services for enterprises that depend on consumer phone calls to drive sales. Its media analytics products can provide actionable intelligence on media channels advertisers use to acquire customers over the phone. Its Marchex Omnichannel Analytics Cloud helps marketers connect customer conversions driven from paid media channels, including search, display and video, social and sites, to phone calls made to a business.
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