Rocket Fuel Inc. (FUEL) Holdings Raised by Concourse Capital Management LLC
Concourse Capital Management LLC grew its holdings in Rocket Fuel Inc. (NASDAQ:FUEL) by 2.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 104,754 shares of the technology company’s stock after acquiring an additional 2,220 shares during the quarter. Concourse Capital Management LLC owned 0.23% of Rocket Fuel worth $288,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. California Public Employees Retirement System bought a new stake in shares of Rocket Fuel in the first quarter worth about $266,000. Geode Capital Management LLC increased its holdings in shares of Rocket Fuel by 51.4% in the first quarter. Geode Capital Management LLC now owns 229,560 shares of the technology company’s stock worth $1,230,000 after acquiring an additional 77,919 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Rocket Fuel in the first quarter worth about $105,000. Prescott Group Capital Management L.L.C. increased its holdings in shares of Rocket Fuel by 32.3% in the second quarter. Prescott Group Capital Management L.L.C. now owns 991,851 shares of the technology company’s stock worth $2,728,000 after acquiring an additional 242,000 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of Rocket Fuel by 12.6% in the first quarter. Renaissance Technologies LLC now owns 3,353,300 shares of the technology company’s stock worth $17,974,000 after acquiring an additional 375,300 shares in the last quarter. Institutional investors own 40.42% of the company’s stock.
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Shares of Rocket Fuel Inc. (FUEL) remained flat at $2.60 during midday trading on Friday. The stock had a trading volume of 409,199 shares. The company’s market capitalization is $122.18 million. The company has a 50-day moving average price of $2.60 and a 200-day moving average price of $3.38. Rocket Fuel Inc. has a 12-month low of $1.70 and a 12-month high of $5.90.
Several equities research analysts have issued reports on the company. Zacks Investment Research downgraded Rocket Fuel from a “hold” rating to a “sell” rating in a report on Wednesday, June 14th. ValuEngine downgraded Rocket Fuel from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $3.32.
Rocket Fuel Company Profile
Rocket Fuel Inc is a technology company, which offers a Programmatic Marketing Platform that is designed for helping marketers and their agencies to connect with consumers through digital media. The Company’s service offerings are organized around platforms, including Data Management Platform (DMP) and Demand Side Platform (DSP), which are used by customers themselves or integrating with other customer relationship management or marketing platforms, and together in various permutations as its Programmatic Marketing Platform.
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