Remark Media, Inc. (MARK) Stake Lessened by Ashford Capital Management Inc.
Ashford Capital Management Inc. lessened its stake in shares of Remark Media, Inc. (NASDAQ:MARK) by 7.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,803,416 shares of the information services provider’s stock after selling 145,572 shares during the quarter. Ashford Capital Management Inc. owned about 7.96% of Remark Media worth $4,995,000 as of its most recent SEC filing.
Separately, Cannell Peter B & Co. Inc. purchased a new stake in shares of Remark Media during the 2nd quarter valued at about $643,000. Hedge funds and other institutional investors own 14.74% of the company’s stock.
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Remark Media, Inc. (MARK) traded up 21.36% during trading on Friday, hitting $3.58. 8,796,535 shares of the company were exchanged. The stock’s market capitalization is $81.10 million. The firm’s 50 day moving average price is $3.32 and its 200-day moving average price is $2.96. Remark Media, Inc. has a 1-year low of $1.93 and a 1-year high of $4.87.
Remark Media (NASDAQ:MARK) last announced its earnings results on Thursday, August 10th. The information services provider reported ($0.19) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.28) by $0.09. The business had revenue of $17.26 million during the quarter, compared to the consensus estimate of $17.92 million. Remark Media had a negative return on equity of 4,860.73% and a negative net margin of 45.02%. Equities analysts predict that Remark Media, Inc. will post ($0.71) EPS for the current year.
A number of analysts have recently issued reports on the stock. Roth Capital reaffirmed a “buy” rating and set a $8.00 price target on shares of Remark Media in a report on Monday, October 2nd. ValuEngine raised shares of Remark Media from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. Finally, Zacks Investment Research downgraded shares of Remark Media from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 19th.
About Remark Media
Remark Holdings, Inc, formerly Remark Media, Inc, owns, operates and acquires digital media properties across multiple verticals. The Company operates through the travel and entertainment segment. The travel and entertainment segment includes the Vegas.com and its Roomlia mobile application. The Company is engaged in the sale of various travel and entertainment products, including air travel, show tickets and tours, which are booked through its travel and entertainment segment, consisting of Vegas.com and its related Websites, including LasVegas.com, mobile applications and retail locations.
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