Horrell Capital Management Has Cut Marchex (MCHX) Position by $469,564 as Share Value Declined; Spark Investment Management Has Boosted Netgear (NTGR) Position by $8.32 Million

June 22, 2018 - By Moses P. Lee

NETGEAR, Inc. (NASDAQ:NTGR) Logo

Horrell Capital Management Inc decreased its stake in Marchex Inc (MCHX) by 58.56% based on its latest 2018Q1 regulatory filing with the SEC. Horrell Capital Management Inc sold 234,782 shares as the company’s stock declined 3.32% with the market. The institutional investor held 166,117 shares of the miscellaneous company at the end of 2018Q1, valued at $453,000, down from 400,899 at the end of the previous reported quarter. Horrell Capital Management Inc who had been investing in Marchex Inc for a number of months, seems to be less bullish one the $131.49M market cap company. The stock decreased 2.56% or $0.08 during the last trading session, reaching $3.05. About 28,259 shares traded. Marchex, Inc. (NASDAQ:MCHX) has risen 11.42% since June 22, 2017 and is uptrending. It has underperformed by 1.15% the S&P500. Some Historical MCHX News: 03/05/2018 – Marchex 1Q Loss/Shr 2c; 03/05/2018 – Marchex 1Q Rev $21.9M; 29/05/2018 – Marchex Updates Second Quarter 2018 Financial Outlook; 03/05/2018 – Marchex Sees 2Q Rev $21M or Mor; 23/04/2018 – DJ Marchex Inc Class B, Inst Holders, 1Q 2018 (MCHX); 07/03/2018 Marchex to Attend the 2018 Roth Conference; 13/03/2018 – Marchex Releases Industry-Leading Speech Analytics Capabilities and Empowers Companies to Uncover Actionable Insights Between Callers and Brands; 29/05/2018 – Marchex Sees 2Q Rev $19.5M-$21M

Spark Investment Management Llc increased its stake in Netgear Inc (NTGR) by 213.3% based on its latest 2018Q1 regulatory filing with the SEC. Spark Investment Management Llc bought 145,900 shares as the company’s stock rose 0.84% while stock markets declined. The hedge fund held 214,300 shares of the public utilities company at the end of 2018Q1, valued at $12.26 million, up from 68,400 at the end of the previous reported quarter. Spark Investment Management Llc who had been investing in Netgear Inc for a number of months, seems to be bullish on the $2.04 billion market cap company. The stock decreased 1.64% or $1.075 during the last trading session, reaching $64.575. About 91,046 shares traded. NETGEAR, Inc. (NASDAQ:NTGR) has risen 41.72% since June 22, 2017 and is uptrending. It has outperformed by 29.15% the S&P500. Some Historical NTGR News: 25/04/2018 – Netgear Sees 2Q Rev $340M-$355M; 15/05/2018 – Wasabi Introduces Wasabi Ball Data Transfer Appliance; 15/05/2018 – All-New Arlo Security Light System llluminates Outdoor Areas and Provides Alerts Against Potential Threats; 15/05/2018 – All-New Arlo Security Light System Illuminates Outdoor Areas and Provides Alerts Against Potential Threats; 03/05/2018 – Nighthawk Pro Gaming Announces Sponsorship of NRG Esports Teams; 25/04/2018 – NETGEAR 1Q NET REV. $345.0M, EST. $342.5M (2 EST.); 25/04/2018 – NETGEAR 1Q ADJ EPS 62C, EST. 60C (2 EST.); 13/03/2018 NETGEAR JOINS SWRVE SERIES D FUNDING ROUND AFTER SUCCESSFUL DEPLOYMENT OF SWRVE’S CUSTOMER INTERACTION PLATFORM; 23/05/2018 – The U.S. government announced the takedown effort after Cisco Systems early on Wednesday released a report on the hacking campaign that it said targeted devices from Linksys, MikroTik, Netgear, TP-Link and QNAP; 08/05/2018 – NETGEAR Debuts Industry-First Orbi Tri-Band Mesh WiFi Cable Modem Router System

Since January 3, 2018, it had 0 buys, and 30 sales for $6.95 million activity. $771,656 worth of NETGEAR, Inc. (NASDAQ:NTGR) shares were sold by LO PATRICK CS. On Monday, March 5 FALCON MICHAEL F sold $58,248 worth of NETGEAR, Inc. (NASDAQ:NTGR) or 1,042 shares. $81,381 worth of NETGEAR, Inc. (NASDAQ:NTGR) was sold by Henry David John on Thursday, March 1. Collins Patrick J III sold $29,536 worth of stock. WERDANN MICHAEL A also sold $105,544 worth of NETGEAR, Inc. (NASDAQ:NTGR) on Wednesday, May 2. Kim Andrew Wonki also sold $33,258 worth of NETGEAR, Inc. (NASDAQ:NTGR) on Tuesday, February 20.

Spark Investment Management Llc, which manages about $1.26 billion and $1.57B US Long portfolio, decreased its stake in Kirkland Lake Gold Ltd by 257,000 shares to 553,000 shares, valued at $8.56M in 2018Q1, according to the filing. It also reduced its holding in Nvr Inc (NYSE:NVR) by 500 shares in the quarter, leaving it with 1,800 shares, and cut its stake in Omnova Solutions Inc (NYSE:OMN).

More recent NETGEAR, Inc. (NASDAQ:NTGR) news were published by: Nasdaq.com which released: “NETGEAR Nighthawk Mesh Family Expands With New Nighthawk X6 Tri-band WiFi Mesh Extender” on June 21, 2018. Also Globenewswire.com published the news titled: “NETGEAR to Host 2018 Annual Stockholder Meeting” on May 24, 2018. Nasdaq.com‘s news article titled: “Arlo Unveils AI and Video Analytics to Provide More Relevant, Personalized Notifications for Arlo Smart Home Security” with publication date: June 07, 2018 was also an interesting one.

Among 7 analysts covering Netgear (NASDAQ:NTGR), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. Netgear had 14 analyst reports since October 23, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, September 8 by Wunderlich. Raymond James downgraded the stock to “Mkt Perform” rating in Wednesday, February 8 report. Wunderlich initiated the shares of NTGR in report on Wednesday, June 8 with “Buy” rating. Raymond James upgraded the shares of NTGR in report on Friday, October 23 to “Outperform” rating. Raymond James upgraded NETGEAR, Inc. (NASDAQ:NTGR) rating on Monday, December 18. Raymond James has “Buy” rating and $62.0 target. The firm earned “Sector Perform” rating on Tuesday, November 17 by RBC Capital Markets. The stock of NETGEAR, Inc. (NASDAQ:NTGR) has “Buy” rating given on Wednesday, January 17 by Guggenheim. Guggenheim initiated the shares of NTGR in report on Wednesday, January 4 with “Buy” rating. BWS Financial upgraded it to “Buy” rating and $60.0 target in Monday, October 9 report. The rating was upgraded by Rosenblatt to “Buy” on Tuesday, October 27.

Investors sentiment decreased to 1.05 in Q1 2018. Its down 0.03, from 1.08 in 2017Q4. It is negative, as 25 investors sold NTGR shares while 59 reduced holdings. 29 funds opened positions while 59 raised stakes. 32.74 million shares or 1.92% more from 32.13 million shares in 2017Q4 were reported. Hanson Mcclain invested in 40 shares. Tci Wealth Advsr invested in 0% or 39 shares. Pinebridge Lp reported 48,269 shares. Ameritas Inv Prns invested 0.01% of its portfolio in NETGEAR, Inc. (NASDAQ:NTGR). Envestnet Asset Management Incorporated, a Illinois-based fund reported 3,057 shares. Ubs Asset Americas accumulated 20,284 shares or 0% of the stock. Pacific Ridge Cap Prns Llc reported 22,750 shares. Mason Street Advsr Limited Liability, Wisconsin-based fund reported 8,706 shares. James Investment Rech stated it has 0.06% of its portfolio in NETGEAR, Inc. (NASDAQ:NTGR). Advisory Ltd Company, Georgia-based fund reported 2,515 shares. 13,487 are owned by Voya Inv Mngmt Ltd Liability Co. Arizona State Retirement Systems invested 0.03% in NETGEAR, Inc. (NASDAQ:NTGR). Janney Montgomery Scott Ltd Com reported 12,424 shares or 0.01% of all its holdings. Gotham Asset Ltd Limited Liability Company owns 43,412 shares. Brinker Capital reported 0.01% stake.

Among 5 analysts covering Marchex (NASDAQ:MCHX), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Marchex had 12 analyst reports since August 6, 2015 according to SRatingsIntel. As per Friday, August 7, the company rating was maintained by Piper Jaffray. On Friday, February 19 the stock rating was maintained by RBC Capital Markets with “Outperform”. Roth Capital downgraded Marchex, Inc. (NASDAQ:MCHX) on Wednesday, August 10 to “Neutral” rating. The rating was maintained by Piper Jaffray on Friday, August 28 with “Overweight”. Roth Capital initiated Marchex, Inc. (NASDAQ:MCHX) rating on Tuesday, December 22. Roth Capital has “Buy” rating and $6 target. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, November 5 report. The rating was initiated by TH Capital on Tuesday, December 22 with “Buy”. The company was maintained on Tuesday, February 13 by Roth Capital. The stock of Marchex, Inc. (NASDAQ:MCHX) has “Buy” rating given on Tuesday, June 12 by Northland Capital.

Investors sentiment decreased to 0.91 in 2018 Q1. Its down 0.47, from 1.38 in 2017Q4. It fall, as 10 investors sold MCHX shares while 22 reduced holdings. 12 funds opened positions while 17 raised stakes. 19.31 million shares or 2.04% less from 19.71 million shares in 2017Q4 were reported. Renaissance Limited Liability Company reported 1.70 million shares. Ancora Ltd has invested 0.12% in Marchex, Inc. (NASDAQ:MCHX). State Street owns 26,917 shares. Parametric Assocs Ltd Company holds 0% or 43,153 shares in its portfolio. Morgan Stanley holds 0% or 2,232 shares in its portfolio. Penbrook Mngmt Limited Liability accumulated 0.03% or 12,500 shares. Signaturefd holds 165 shares. 735,887 were accumulated by Segall Bryant And Hamill Limited Liability. Tudor Investment Et Al has 35,900 shares. Hightower Advsrs Ltd Co has 0% invested in Marchex, Inc. (NASDAQ:MCHX) for 17,000 shares. Credit Suisse Ag reported 52,609 shares. Concourse Mgmt Ltd Liability Corporation reported 133,230 shares stake. Prescott Gp Management Ltd Company invested 1.33% in Marchex, Inc. (NASDAQ:MCHX). Spark Inv Management Ltd Com reported 82,400 shares. S Squared Tech Limited Liability accumulated 1.02M shares.

More recent Marchex, Inc. (NASDAQ:MCHX) news were published by: Seekingalpha.com which released: “Marchex -3.8% as it trims revenue outlook” on May 29, 2018. Also Streetinsider.com published the news titled: “After-Hours Stock Movers 05/29: (CRM) (SB) (TRXC) Higher; (TTOO) (MCHX) Lower (more…)” on May 29, 2018. Businesswire.com‘s news article titled: “Marchex Automotive Study Reveals the Cost of Saying “No” to Customers Over the Phone” with publication date: June 14, 2018 was also an interesting one.

Since February 5, 2018, it had 7 buys, and 0 insider sales for $1.37 million activity.

Analysts await Marchex, Inc. (NASDAQ:MCHX) to report earnings on August, 1. They expect $-0.02 earnings per share, up 33.33% or $0.01 from last year’s $-0.03 per share. After $-0.02 actual earnings per share reported by Marchex, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

NETGEAR, Inc. (NASDAQ:NTGR) Institutional Positions Chart

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