Marathon Capital Management Lowers stake in Tangoe Inc (TNGO)

Tangoe Inc (TNGO) : Marathon Capital Management reduced its stake in Tangoe Inc by 5.73% during the most recent quarter end. The investment management company now holds a total of 182,700 shares of Tangoe Inc which is valued at $1,726,515 after selling 11,100 shares in Tangoe Inc , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Tangoe Inc makes up approximately 0.90% of Marathon Capital Management’s portfolio.

Other Hedge Funds, Including , Blackrock Group Ltd boosted its stake in TNGO in the latest quarter, The investment management firm added 2,452 additional shares and now holds a total of 38,678 shares of Tangoe Inc which is valued at $365,507.Acrospire Investment Management reduced its stake in TNGO by selling 2,000 shares or 45.48% in the most recent quarter. The Hedge Fund company now holds 2,398 shares of TNGO which is valued at $20,815. Tangoe Inc makes up approx 0.01% of Acrospire Investment Management’s portfolio.Teacher Retirement System Of Texas reduced its stake in TNGO by selling 480 shares or 10.41% in the most recent quarter. The Hedge Fund company now holds 4,133 shares of TNGO which is valued at $35,874.Gsa Capital Partners Llp reduced its stake in TNGO by selling 31,700 shares or 75.59% in the most recent quarter. The Hedge Fund company now holds 10,234 shares of TNGO which is valued at $87,603.California Public Employees Retirement System reduced its stake in TNGO by selling 2,600 shares or 3.11% in the most recent quarter. The Hedge Fund company now holds 81,100 shares of TNGO which is valued at $673,130.

Tangoe Inc closed down -0.06 points or -0.63% at $9.51 with 66,173 shares getting traded on Friday. Post opening the session at $9.54, the shares hit an intraday low of $9.4101 and an intraday high of $9.65 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Tangoe Inc reported $0.04 EPS for the quarter, missing the analyst consensus estimate by $ -0.07 based on the information available during the earnings call on Nov 5, 2015. Analyst had a consensus of $0.11. The company had revenue of $56.60 million for the quarter, compared to analysts expectations of $58.43 million. The company’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 EPS.

Many Wall Street Analysts have commented on Tangoe Inc. Tangoe Inc was Downgraded by Barrington Research to ” Mkt Perform” on Jul 7, 2016.

Tangoe Inc. (Tangoe) is a global provider of connection lifecycle management (CLM) software and services to a range of enterprises and service providers. CLM covers the entire spectrum of an enterprise’s connection-based assets and services such as voice and data services mobile devices and usage cloud software infrastructure and services machine-to-machine connections enterprise social and information technology connections and encompasses the entire lifecycle of these assets and services including planning and sourcing procurement and provisioning inventory and usage management mobile device management (MDM) real-time telecommunications expense management (rTEM) invoice processing and payment expense allocation and accounting and asset decommissioning and disposal. The Company’s on-demand Matrix Solution Suite includes software components in categories including asset management expense management usage management and analytics.

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