Chapter Iv Investors Has Upped Range Res (RRC) Stake By $4.28 Million; Marchex Class B (MCHX) SI Decreased By 16.7%

February 17, 2018 - By Nellie Frank

Marchex Incorporated Class B (NASDAQ:MCHX) had a decrease of 16.7% in short interest. MCHX’s SI was 211,500 shares in February as released by FINRA. Its down 16.7% from 253,900 shares previously. With 54,800 avg volume, 4 days are for Marchex Incorporated Class B (NASDAQ:MCHX)’s short sellers to cover MCHX’s short positions. The SI to Marchex Incorporated Class B’s float is 0.91%. The stock decreased 6.30% or $0.22 during the last trading session, reaching $3.27. About 280,509 shares traded or 238.86% up from the average. Marchex, Inc. (NASDAQ:MCHX) has declined 8.92% since February 17, 2017 and is downtrending. It has underperformed by 25.62% the S&P500.

Chapter Iv Investors Llc increased Range Res Corp (RRC) stake by 15% reported in 2017Q3 SEC filing. Chapter Iv Investors Llc acquired 225,000 shares as Range Res Corp (RRC)’s stock declined 18.29%. The Chapter Iv Investors Llc holds 1.73 million shares with $33.76 million value, up from 1.50M last quarter. Range Res Corp now has $3.24B valuation. The stock decreased 2.57% or $0.35 during the last trading session, reaching $13.28. About 7.50M shares traded. Range Resources Corporation (NYSE:RRC) has declined 36.05% since February 17, 2017 and is downtrending. It has underperformed by 52.75% the S&P500.

Among 4 analysts covering Marchex (NASDAQ:MCHX), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Marchex had 11 analyst reports since August 6, 2015 according to SRatingsIntel. Roth Capital initiated Marchex, Inc. (NASDAQ:MCHX) rating on Tuesday, December 22. Roth Capital has “Buy” rating and $6 target. The stock has “Neutral” rating by Roth Capital on Wednesday, August 10. On Friday, February 19 the stock rating was maintained by RBC Capital Markets with “Outperform”. The firm earned “Hold” rating on Tuesday, February 13 by Roth Capital. The firm has “Buy” rating given on Tuesday, December 22 by TH Capital. Piper Jaffray maintained it with “Overweight” rating and $9 target in Friday, August 7 report. The firm has “Outperform” rating given on Thursday, November 5 by RBC Capital Markets. The stock of Marchex, Inc. (NASDAQ:MCHX) has “Overweight” rating given on Friday, August 28 by Piper Jaffray.

Investors sentiment decreased to 0.92 in Q3 2017. Its down 0.14, from 1.06 in 2017Q2. It is negative, as 9 investors sold Marchex, Inc. shares while 17 reduced holdings. 6 funds opened positions while 18 raised stakes. 20.74 million shares or 1.73% less from 21.10 million shares in 2017Q2 were reported. Invesco Ltd accumulated 0% or 72,458 shares. 205 are held by Savings Bank Of America De. Lmr Partners Llp has invested 0.01% in Marchex, Inc. (NASDAQ:MCHX). Ameriprise Fincl Incorporated accumulated 348,230 shares or 0% of the stock. Parametric Port Associates Ltd Llc, Washington-based fund reported 38,545 shares. Millennium Mngmt Limited Liability Company invested in 397,019 shares or 0% of the stock. Royal Bankshares Of Canada reported 2,120 shares. Acadian Asset Mngmt Ltd Com stated it has 380,237 shares. Tower Rech Cap Ltd (Trc) reported 40,835 shares or 0.01% of all its holdings. Wells Fargo & Mn stated it has 0% of its portfolio in Marchex, Inc. (NASDAQ:MCHX). 1.02 million were accumulated by Paw Capital. Pnc Svcs Grp Incorporated Inc owns 203,560 shares for 0% of their portfolio. Vanguard Group Inc Inc has 1.39 million shares for 0% of their portfolio. Sei Invests Co holds 0% or 28,031 shares in its portfolio. Brandywine Global Management Ltd Liability Co has invested 0% in Marchex, Inc. (NASDAQ:MCHX).

Marchex, Inc. operates as a mobile advertising analytics company. The company has market cap of $142.80 million. The Company’s products include Marchex Call Analytics, an analytics technology platform that provides data and insights to measure the performance of mobile, online, and offline advertising for advertisers and small business resellers; and Marchex Search Analytics, a product for search marketers that drive phone calls from search campaigns, as well as attributes inbound phone calls made directly from paid search ads and landing pages to a keyword. It currently has negative earnings. The firm also provides Marchex Display and Video Analytics, a product for marketers that buy digital display advertising, as well as measures the influence that display advertising has on inbound phone calls; Marchex Social Analytics, a product for marketers that buy social media advertising; and Marchex Call Marketplace, a mobile advertising network for businesses that depend on inbound phone calls to drive sales, as well as offer advertisers ad placements across various mobile and online media sources to deliver qualified calls to their businesses.

Since February 5, 2018, it had 1 insider buy, and 0 sales for $447,843 activity. Edenbrook Capital – LLC had bought 133,700 shares worth $447,843 on Monday, February 5.

Since October 26, 2017, it had 1 buying transaction, and 3 selling transactions for $228,453 activity. Another trade for 10,757 shares valued at $176,678 was made by MANNY ROGER S on Thursday, October 26. Poole David P sold 30,920 shares worth $505,851. $500,609 worth of stock was bought by PALKO STEFFEN E on Tuesday, January 30. 2,897 shares were sold by DUB ANTHONY V, worth $46,533.

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