Acacia Research (ACTG) Reaches $5.07 After 4.00% Up Move, Enterprise Products Partners L (EPD) Shorts Down By 3.98%

May 8, 2017 - By Louis Casey

Enterprise Products Partners L (NYSE:EPD) had a decrease of 3.98% in short interest. EPD’s SI was 19.40M shares in May as released by FINRA. Its down 3.98% from 20.21M shares previously. With 3.56 million avg volume, 5 days are for Enterprise Products Partners L (NYSE:EPD)’s short sellers to cover EPD’s short positions. The SI to Enterprise Products Partners L’s float is 1.37%. About 1.23 million shares traded. Enterprise Products Partners L.P. (NYSE:EPD) has declined 1.82% since September 29, 2016 and is downtrending. It has underperformed by 13.36% the S&P500.

The stock of Acacia Research Corp (NASDAQ:ACTG) is a huge mover today! About 84,577 shares traded. Acacia Research Corp (NASDAQ:ACTG) has declined 23.14% since September 29, 2016 and is downtrending. It has underperformed by 34.67% the S&P500.The move comes after 9 months positive chart setup for the $254.26 million company. It was reported on May, 8 by Barchart.com. We have $5.27 PT which if reached, will make NASDAQ:ACTG worth $10.17M more.

Investors sentiment increased to 1.2 in Q4 2016. Its up 0.06, from 1.14 in 2016Q3. It is positive, as 12 investors sold Acacia Research Corp shares while 34 reduced holdings. 22 funds opened positions while 33 raised stakes. 37.16 million shares or 0.86% less from 37.48 million shares in 2016Q3 were reported. Numeric Ltd Liability Co holds 37,820 shares or 0% of its portfolio. Engineers Gate Manager L P holds 0.02% or 32,766 shares. 234,720 were accumulated by Systematic Fincl Management L P. Moreover, Baillie Gifford Company has 0% invested in Acacia Research Corp (NASDAQ:ACTG). Kcg Holdg owns 14,382 shares or 0% of their US portfolio. Bnp Paribas Arbitrage holds 0% or 6,493 shares in its portfolio. Bancshares Of America De, North Carolina-based fund reported 91,608 shares. Ameriprise Financial owns 239,430 shares. Northern Tru reported 610,962 shares. Wells Fargo & Company Mn holds 0% or 35,073 shares in its portfolio. 43,944 were accumulated by State Board Of Administration Of Florida Retirement System. Oppenheimer And reported 0% stake. 162,541 were accumulated by Nationwide Fund Advisors. The Sweden-based Nordea Investment Mngmt Ab has invested 0% in Acacia Research Corp (NASDAQ:ACTG). Clarivest Asset Mngmt Limited Company reported 218,700 shares.

Acacia Research Corporation, through its subsidiaries, invests in, licenses and enforces patented technologies. The company has market cap of $254.26 million. The Company’s operating subsidiaries partner with inventors and patent owners, applying their legal and technology expertise to patent assets to unlock the financial value in their patented inventions. It currently has negative earnings. The Company’s operating subsidiaries assist 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, where necessary, with the enforcement against unauthorized users of their patented technologies through the filing of patent infringement litigation.

Among 3 analysts covering Acacia Research (NASDAQ:ACTG), 2 have Buy rating, 1 Sell and 0 Hold. Therefore 67% are positive. Acacia Research has $12 highest and $4 lowest target. $5.97’s average target is 17.75% above currents $5.07 stock price. Acacia Research had 6 analyst reports since August 20, 2015 according to SRatingsIntel. The stock of Acacia Research Corp (NASDAQ:ACTG) earned “Buy” rating by Lake Street on Wednesday, December 23. Barclays Capital maintained the shares of ACTG in report on Friday, July 29 with “Underweight” rating. Northland Capital upgraded Acacia Research Corp (NASDAQ:ACTG) on Monday, May 23 to “Outperform” rating. Barclays Capital downgraded it to “Underweight” rating and $4 target in Tuesday, January 5 report.

Since March 10, 2017, it had 2 insider purchases, and 0 sales for $264,800 activity. On Friday, March 10 the insider Walsh Frank E. III bought $227,758.

Enterprise Products Partners L.P. is a well-known provider of midstream energy services to producers and clients of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals and refined products in North America. The company has market cap of $58.16 billion. The Company’s divisions include NGL Pipelines & Services; Crude Oil Pipelines & Services; Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services. It has a 25.4 P/E ratio.

Among 22 analysts covering Enterprise Products Partners LP (NYSE:EPD), 20 have Buy rating, 0 Sell and 2 Hold. Therefore 91% are positive. Enterprise Products Partners LP had 29 analyst reports since July 23, 2015 according to SRatingsIntel. The stock of Enterprise Products Partners L.P. (NYSE:EPD) earned “Buy” rating by Mizuho on Friday, September 30. Howard Weil initiated the shares of EPD in report on Wednesday, January 6 with “Sector Outperform” rating. The rating was maintained by Deutsche Bank with “Buy” on Monday, October 10. On Wednesday, January 20 the stock rating was upgraded by Morgan Stanley to “Overweight”. Jefferies maintained Enterprise Products Partners L.P. (NYSE:EPD) on Wednesday, April 5 with “Buy” rating. The stock of Enterprise Products Partners L.P. (NYSE:EPD) has “Outperform” rating given on Monday, April 24 by Macquarie Research. The rating was downgraded by Vetr on Monday, August 31 to “Strong-Buy”. The rating was initiated by Ladenburg Thalmann on Wednesday, November 16 with “Buy”. As per Wednesday, May 11, the company rating was initiated by Bernstein. The company was maintained on Tuesday, November 3 by Argus Research.

Since November 16, 2016, it had 2 buys, and 1 insider sale for $626,230 activity. $101,080 worth of Enterprise Products Partners L.P. (NYSE:EPD) shares were bought by BARTH CARIN MARCY. On Monday, March 6 Smith Edwin E sold $420,300 worth of Enterprise Products Partners L.P. (NYSE:EPD) or 15,000 shares. HACKETT JAMES T bought $945,450 worth of stock.

Investors sentiment decreased to 1.03 in Q4 2016. Its down 0.17, from 1.2 in 2016Q3. It worsened, as 46 investors sold Enterprise Products Partners L.P. shares while 258 reduced holdings. 66 funds opened positions while 246 raised stakes. 742.88 million shares or 1.01% more from 735.46 million shares in 2016Q3 were reported. Raymond James Na stated it has 0.23% of its portfolio in Enterprise Products Partners L.P. (NYSE:EPD). Mitchell Mcleod Pugh Williams holds 54,160 shares. Cabot invested 6.06% in Enterprise Products Partners L.P. (NYSE:EPD). Hollow Brook Wealth Mngmt Limited Liability accumulated 468,945 shares. Reilly Finance Ltd Company, a California-based fund reported 2,932 shares. Coastline Tru has 0.46% invested in Enterprise Products Partners L.P. (NYSE:EPD) for 87,450 shares. Victory Cap Mngmt reported 1.25M shares. Guardian Lp reported 0.1% in Enterprise Products Partners L.P. (NYSE:EPD). Strategic Wealth Advisors Group Inc Ltd reported 12,440 shares stake. Financial Serv Corporation invested in 12,711 shares. Cbre Clarion Securities Limited Com has invested 0.13% in Enterprise Products Partners L.P. (NYSE:EPD). First Midwest Natl Bank Division reported 12,565 shares stake. Torray Ltd reported 12,000 shares. Violich reported 0.19% of its portfolio in Enterprise Products Partners L.P. (NYSE:EPD). Atwood And Palmer, a Missouri-based fund reported 11,200 shares.