Acacia Research Corp (ACTG) investors sentiment increased to 1.11 in 2018 Q1. It’s up 0.04, from 1.07 in 2017Q4. The ratio is more positive, as 39 investment professionals increased or started new positions, while 35 sold and trimmed stakes in Acacia Research Corp. The investment professionals in our database reported: 29.00 million shares, down from 31.81 million shares in 2017Q4. Also, the number of investment professionals holding Acacia Research Corp in top ten positions was flat from 0 to 0 for the same number . Sold All: 9 Reduced: 26 Increased: 30 New Position: 9.
C&J Energy Services, Inc. (CJ) formed H&S with $26.58 target or 5.00% below today’s $27.98 share price. C&J Energy Services, Inc. (CJ) has $1.91B valuation. The stock increased 1.93% or $0.53 during the last trading session, reaching $27.98. About 862,894 shares traded. C&J Energy Services, Inc. (NYSE:CJ) has declined 18.81% since May 30, 2017 and is downtrending. It has underperformed by 31.38% the S&P500.
Among 3 analysts covering C&J Energy Services (NYSE:CJ), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. C&J Energy Services had 3 analyst reports since May 10, 2017 according to SRatingsIntel. The rating was maintained by Wells Fargo with “Outperform” on Thursday, May 11. The firm has “Buy” rating given on Thursday, July 13 by Jefferies. Piper Jaffray upgraded the stock to “Overweight” rating in Wednesday, May 10 report.
Analysts await C&J Energy Services, Inc. (NYSE:CJ) to report earnings on August, 14. They expect $0.68 EPS, up 1,071.43% or $0.75 from last year’s $-0.07 per share. CJ’s profit will be $46.52 million for 10.29 P/E if the $0.68 EPS becomes a reality. After $0.41 actual EPS reported by C&J Energy Services, Inc. for the previous quarter, Wall Street now forecasts 65.85% EPS growth.
Acacia Research Corporation, through its subsidiaries, invests in, develops, licenses, and enforces patented technologies in the United States. The company has market cap of $197.53 million. It assists patent owners with the prosecution and development of their patent portfolios; the protection of their patented inventions from unauthorized use; the generation of licensing revenue from users of their patented technologies; and enforcement against unauthorized users of their patented technologies through the filing of patent infringement litigation. It has a 102.63 P/E ratio. The firm owns or controls the rights to various patent portfolios, which include the United StatesÂ’ patents and foreign counterparts covering technologies used in various industries.
Since January 1, 0001, it had 6 buys, and 0 sales for $242,218 activity.
More recent Acacia Research Corporation (NASDAQ:ACTG) news were published by: Streetinsider.com which released: “Acacia Research (ACTG) Will to Expand Board by One Seat and Add Sidus Nominee Alfred Tobia” on May 25, 2018. Also Businesswire.com published the news titled: “Acacia Research Corporation Board of Directors Issue Letter Urging Stockholders to Protect Their Investment” on May 29, 2018. Businesswire.com‘s news article titled: “Acacia Research Corporation Board of Directors Announces Willingness to Add Alfred Tobia to Board of Directors” with publication date: May 25, 2018 was also an interesting one.
Analysts await Acacia Research Corporation (NASDAQ:ACTG) to report earnings on July, 26. They expect $-0.09 earnings per share, up 47.06% or $0.08 from last year’s $-0.17 per share. After $-0.52 actual earnings per share reported by Acacia Research Corporation for the previous quarter, Wall Street now forecasts -82.69% EPS growth.
Pacific Ridge Capital Partners Llc holds 0.88% of its portfolio in Acacia Research Corporation for 934,325 shares. Heartland Advisors Inc owns 3.10 million shares or 0.73% of their US portfolio. Moreover, Manatuck Hill Partners Llc has 0.72% invested in the company for 388,100 shares. The Nebraska-based Cwm Llc has invested 0.19% in the stock. Elkhorn Partners Limited Partnership, a Nebraska-based fund reported 87,100 shares.
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