Marathon Patent Group (MARA) At $0.40 Forms Bottom; Highbridge Capital Management Raised Its Ncr New (Call) (NCR) Holding

October 13, 2017 - By Stephen Andrade

Marathon Patent Group Inc (MARA) formed multiple bottom with $0.38 target or 5.00% below today’s $0.40 share price. Marathon Patent Group Inc (MARA) has $11.73 million valuation. The stock decreased 0.62% or $0.002 during the last trading session, reaching $0.398. About shares traded. Marathon Patent Group Inc (NASDAQ:MARA) has declined 87.73% since October 13, 2016 and is downtrending. It has underperformed by 104.43% the S&P500.

Highbridge Capital Management Llc increased Ncr Corp New (Call) (NCR) stake by 397.79% reported in 2017Q2 SEC filing. Highbridge Capital Management Llc acquired 18,859 shares as Ncr Corp New (Call) (NCR)’s stock declined 15.84%. The Highbridge Capital Management Llc holds 23,600 shares with $967,000 value, up from 4,741 last quarter. Ncr Corp New (Call) now has $4.45 billion valuation. The stock decreased 1.02% or $0.38 during the last trading session, reaching $37.02. About shares traded. NCR Corporation (NYSE:NCR) has risen 38.24% since October 13, 2016 and is uptrending. It has outperformed by 21.54% the S&P500.

Analysts await Marathon Patent Group Inc (NASDAQ:MARA) to report earnings on November, 13. They expect $-0.01 earnings per share, up 97.62% or $0.41 from last year’s $-0.42 per share. After $-0.09 actual earnings per share reported by Marathon Patent Group Inc for the previous quarter, Wall Street now forecasts -88.89% EPS growth.

Among 5 analysts covering Marathon Patent Group Inc (NASDAQ:MARA), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Marathon Patent Group Inc has $8 highest and $7 lowest target. $7.33’s average target is 1741.71% above currents $0.398 stock price. Marathon Patent Group Inc had 7 analyst reports since August 18, 2015 according to SRatingsIntel. Zacks upgraded the stock to “Hold” rating in Tuesday, September 22 report. The firm has “Hold” rating by Zacks given on Tuesday, August 25. The company was upgraded on Wednesday, October 7 by Wells Fargo. The stock of Marathon Patent Group Inc (NASDAQ:MARA) earned “Hold” rating by Zacks on Wednesday, August 19.

Investors sentiment decreased to 0.78 in Q2 2017. Its down 0.31, from 1.09 in 2017Q1. It worsened, as 3 investors sold Marathon Patent Group Inc shares while 6 reduced holdings. 4 funds opened positions while 3 raised stakes. 2.00 million shares or 39.63% less from 3.31 million shares in 2017Q1 were reported. Arizona-based Tci Wealth has invested 0% in Marathon Patent Group Inc (NASDAQ:MARA). Fortress Inv Grp Inc Limited Co has 0% invested in Marathon Patent Group Inc (NASDAQ:MARA) for 134,409 shares. Goldman Sachs Grp accumulated 221,255 shares or 0% of the stock. Panagora Asset Mgmt has 334,126 shares for 0% of their portfolio. Cambridge Invest Research Advsrs holds 0% or 415,220 shares. Deutsche Bancshares Ag reported 14,566 shares stake. 859 were accumulated by Creative Planning. 90 are held by Barclays Public Ltd Company. Geode Capital Mngmt Ltd holds 0% in Marathon Patent Group Inc (NASDAQ:MARA) or 44,662 shares. Northern accumulated 0% or 19,240 shares. Royal National Bank & Trust Of Canada reported 722 shares or 0% of all its holdings. Morgan Stanley invested in 0% or 255,095 shares. Citadel Advsr Lc has invested 0% in Marathon Patent Group Inc (NASDAQ:MARA). Vanguard Group Incorporated reported 164,903 shares. Blackrock Inc accumulated 4,257 shares or 0% of the stock.

Highbridge Capital Management Llc decreased T Mobile Us Inc (Call) (NYSE:TMUS) stake by 57,051 shares to 75,000 valued at $4.55 million in 2017Q2. It also reduced Southwestern Energy Co (Put) (NYSE:SWN) stake by 123,400 shares and now owns 52,000 shares. Citigroup Inc (Call) (NYSE:C) was reduced too.

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