November 29, 2016 - By Michael Collier
12,500 shares of Pendrell Corp were sold by Lee Mikles, the firm’s President and CEO. These shares are valued at nearly $80,107 which has been calculated on the basis of the average transactions stock price ($6.4 per share). And, It’s sure Lee’s deal isn’t going to remain ignored as he presently is possessing 133,546 shares – ( 0.53% of Pendrell Corp’s Market Cap ). This deal, which was filled on 28-11-2016 was revealed in a report with the D.C. based-SEC.
Insitutional Activity: The institutional sentiment decreased to 0.52 in Q2 2016. Its down 0.10, from 0.62 in 2016Q1. The ratio is negative, as 19 funds sold all Pendrell Corp shares owned while 18 reduced positions. 9 funds bought stakes while 14 increased positions. They now own 107.28 million shares or 7.55% less from 116.04 million shares in 2016Q1.
North Star Mngmt reported 56,275 shares or 0.01% of all its holdings. Schwab Charles Invest Mngmt reported 195,504 shares or 0% of all its holdings. Alpine Prtnrs Vi Limited Liability Corp holds 221,954 shares or 0.05% of its portfolio. State Common Retirement Fund has 0% invested in the company for 2.61M shares. Nationwide Fund Advisors owns 81,500 shares or 0% of their US portfolio. Blackrock Fund Advisors last reported 0% of its portfolio in the stock. Blackrock Lc, a Delaware-based fund reported 28,997 shares. Renaissance Techs Limited Com holds 923,300 shares or 0% of its portfolio. Tower Rech Cap Limited (Trc) reported 171,744 shares or 0.01% of all its holdings. Moreover, Prudential Fincl Inc has 0% invested in Pendrell Corp (NASDAQ:PCO) for 530,800 shares. Bank & Trust Of America Corporation De holds 70,731 shares or 0% of its portfolio. Morgan Stanley accumulated 2,355 shares or 0% of the stock. Jpmorgan Chase Com accumulated 0% or 241,991 shares. Credit Agricole S A, a France-based fund reported 87 shares. State Street holds 0% or 86,781 shares in its portfolio.
The stock decreased 2.18% or $0.14 on November 28, hitting $6.29. About 34,916 shares traded hands. Pendrell Corp (NASDAQ:PCO) has risen 20.96% since April 26, 2016 and is uptrending. It has outperformed by 15.70% the S&P500.
Pendrell Corporation is engaged in the business of licensing and selling intellectual property rights to others. The company has a market cap of $167.63 million. The Firm invests in, acquires and monetizes IP rights. It currently has negative earnings. The Company’s subsidiaries hold patents that support over four IP licensing programs that it owns and manages, such as digital media, digital cinema, wireless technologies, and memory and storage technologies.
According to Zacks Investment Research, “Pendrell Corporation provides intellectual property solutions for companies worldwide. Its services include business consulting and risk management, valuation and strategic assessment of IP assets, and Industry, technology & IP landscape analysis. Pendrell Corporation is headquartered in Kirkland, Washington.”
Analysts await Pendrell Corp (NASDAQ:PCO) to report earnings on March, 3.
More important recent Pendrell Corp (NASDAQ:PCO) news were published by: Seekingalpha.com which released: “Pendrell: The Good, Bad And Worst” on December 29, 2015, also Seekingalpha.com published article titled: “Pendrell Corp.: The ‘Paul Tudor Jones Playbook’: Asymmetry, Trading Near Cash ..”, Seekingalpha.com published: “Pendrell Corp.: Nokia Partnership And Lawsuits Against Apple, Amazon, Huawei ..” on February 10, 2014. More interesting news about Pendrell Corp (NASDAQ:PCO) was released by: Seekingalpha.com and their article: “Pendrell Just Had A Great Quarter And Remains A Buy” with publication date: July 25, 2016.
Pendrell Corporation, incorporated on March 17, 2000, is engaged in the business of licensing and selling intellectual property (IP) rights to others. The Firm invests in, acquires and monetizes IP rights. The Company’s subsidiaries hold patents that support approximately four IP licensing programs that it owns and manages, such as digital media, digital cinema, wireless technologies, and memory and storage technologies. The Company’s subsidiaries focus on licensing the IP rights they hold to third parties and pursuing relevant product opportunities.
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