Hays Advisory Lowers stake in RPX Corp (RPXC)

RPX Corp (RPXC) : Hays Advisory reduced its stake in RPX Corp by 14.11% during the most recent quarter end. The investment management company now holds a total of 463,320 shares of RPX Corp which is valued at $4,568,335 after selling 76,135 shares in RPX Corp , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.RPX Corp makes up approximately 0.69% of Hays Advisory’s portfolio.

Other Hedge Funds, Including , Acadian Asset Management reduced its stake in RPXC by selling 465,269 shares or 22.2% in the most recent quarter. The Hedge Fund company now holds 1,630,435 shares of RPXC which is valued at $16,076,089. RPX Corp makes up approx 0.08% of Acadian Asset Management’s portfolio. Fox Run Management L.l.c. added RPXC to its portfolio by purchasing 17,000 company shares during the most recent quarter which is valued at $167,620. RPX Corp makes up approx 0.08% of Fox Run Management L.l.c.’s portfolio.Nisa Investment Advisors boosted its stake in RPXC in the latest quarter, The investment management firm added 500 additional shares and now holds a total of 2,000 shares of RPX Corp which is valued at $19,640. Creative Planning added RPXC to its portfolio by purchasing 600 company shares during the most recent quarter which is valued at $5,910.Cutler Group Lp reduced its stake in RPXC by selling 3,100 shares or 53.77% in the most recent quarter. The Hedge Fund company now holds 2,665 shares of RPXC which is valued at $26,250.

RPX Corp opened for trading at $9.77 and hit $9.92 on the upside on Wednesday, eventually ending the session at $9.86, with a gain of 1.44% or 0.14 points. The heightened volatility saw the trading volume jump to 1,63,617 shares. Company has a market cap of $506 M.

On the company’s financial health, RPX Corp reported $0.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 3, 2016. Analyst had a consensus of $0.13. The company had revenue of $79.70 million for the quarter, compared to analysts expectations of $78.97 million. The company’s revenue was down -4.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.38 EPS.

RPX Corporation (RPX) helps companies reduce patent-related risk and expense by providing a subscription-based patent risk management solution. The Company’s patent risk management solution facilitates exchanges of value between owners and users of patents compared to transactions driven by actual or threatened litigation. The core of its solution is defensive patent aggregation in which it acquires patents and licenses to patents that are being or may be asserted against its and prospective clients. It then licenses these patent assets to its clients to protect them from potential patent infringement assertions. It also provides its clients with access to its patent market intelligence and data. The Company acquires patent assets from multiple parties including operating companies individual inventors non-practicing entities (NPEs) universities and bankruptcy trustees.

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