Marchex, Inc. (MCHX) Shares Bought by Vanguard Group Inc.
Vanguard Group Inc. lifted its stake in shares of Marchex, Inc. (NASDAQ:MCHX) by 0.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,546,571 shares of the technology company’s stock after purchasing an additional 13,320 shares during the period. Vanguard Group Inc. owned about 3.66% of Marchex worth $4,608,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of the company. Renaissance Technologies LLC lifted its position in shares of Marchex by 7.4% during the first quarter. Renaissance Technologies LLC now owns 1,267,242 shares of the technology company’s stock worth $3,447,000 after purchasing an additional 86,841 shares during the last quarter. Kennedy Capital Management Inc. lifted its position in shares of Marchex by 3.3% during the second quarter. Kennedy Capital Management Inc. now owns 573,006 shares of the technology company’s stock worth $1,708,000 after purchasing an additional 18,092 shares during the last quarter. Heartland Advisors Inc. bought a new position in shares of Marchex during the second quarter worth about $1,323,000. Ameriprise Financial Inc. lifted its position in shares of Marchex by 4.3% during the second quarter. Ameriprise Financial Inc. now owns 348,230 shares of the technology company’s stock worth $1,038,000 after purchasing an additional 14,400 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of Marchex by 1.8% during the second quarter. PNC Financial Services Group Inc. now owns 203,560 shares of the technology company’s stock worth $606,000 after purchasing an additional 3,560 shares during the last quarter. 48.53% of the stock is currently owned by institutional investors and hedge funds.
MCHX has been the topic of several research analyst reports. Zacks Investment Research raised shares of Marchex from a “hold” rating to a “buy” rating and set a $3.25 price target on the stock in a research report on Wednesday, August 9th. ValuEngine cut shares of Marchex from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th.
In other news, major shareholder Prescott Group Capital Managem sold 1,100,000 shares of the stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $3.10, for a total transaction of $3,410,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 27.35% of the company’s stock.
Marchex, Inc. (NASDAQ MCHX) opened at $3.27 on Friday. Marchex, Inc. has a 12-month low of $2.50 and a 12-month high of $3.75.
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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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