California Public Employees Retirement System maintained its stake in Marchex Inc. (NASDAQ:MCHX) during the second quarter, Holdings Channel reports. The fund owned 398,790 shares of the company’s stock at the end of the second quarter. California Public Employees Retirement System owned approximately 0.97% of Marchex worth $1,268,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in MCHX. Menta Capital LLC increased its stake in Marchex by 21.9% in the first quarter. Menta Capital LLC now owns 67,327 shares of the company’s stock worth $300,000 after buying an additional 12,100 shares in the last quarter. State Street Corp increased its stake in shares of Marchex by 3.4% in the first quarter. State Street Corp now owns 517,704 shares of the company’s stock valued at $2,303,000 after buying an additional 17,230 shares during the period. Emerald Acquisition Ltd. acquired a new stake in shares of Marchex during the second quarter valued at about $283,000. California State Teachers Retirement System increased its stake in shares of Marchex by 1.6% in the second quarter. California State Teachers Retirement System now owns 70,117 shares of the company’s stock valued at $223,000 after buying an additional 1,100 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Marchex by 2.6% in the second quarter. Bank of New York Mellon Corp now owns 197,957 shares of the company’s stock valued at $629,000 after buying an additional 5,093 shares during the period. 53.84% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Marchex Inc. (NASDAQ:MCHX) traded down 0.77% during mid-day trading on Friday, hitting $2.57. 30,915 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $2.75 and a 200-day moving average price of $3.35. Marchex Inc. has a 1-year low of $2.55 and a 1-year high of $5.14. The stock’s market cap is $107.25 million.
Marchex (NASDAQ:MCHX) last released its quarterly earnings data on Tuesday, August 9th. The company reported ($0.02) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.02). Marchex had a negative net margin of 50.09% and a negative return on equity of 5.14%. The business had revenue of $34.40 million for the quarter, compared to analysts’ expectations of $34.97 million. During the same quarter last year, the company earned $0.02 EPS. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. Equities research analysts anticipate that Marchex Inc. will post ($0.16) EPS for the current fiscal year.
Several analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Marchex from a “hold” rating to a “sell” rating in a report on Tuesday, August 16th. Roth Capital reaffirmed a “neutral” rating on shares of Marchex in a report on Wednesday, August 10th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $5.69.
Marchex, Inc is an advertising analytics company. The Company offers products and services for enterprises that depend on consumer phone calls to drive sales. The Company’s media analytics products connect call data to media channels, including search and display – down to the campaign, keyword and impression.
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