Hard to draw conclusions from the aggregate data like this. Overall the existing institutional guys increased their total holdings by 2.5M shares, but the number of the ones that liquidated position exceeded the ones that were new (new investors) exceeds by almost 5M. All in all the institutional owners in Q1 dropped share count a bit. This is why in Q1 price was so low.
Another interesting fact is that some very respectable funds drastically increased their holdings of ACLS including New York Mellon Bank and GOLDMAN SACHS GROUP. These guys do their research well. This might be a good sign.
Mary Puma sold about 12 thousand shares two weeks ago. Its not much but why she would do that . She owns well over 400 thousand shares. Yet, why sell? Maybe she just needs cash and this is her legal window period to sell. Still, I never like when insiders sell anything.
thanks for the post and string of puts here, In a surging market this company has not positioned themselves to take advantage is self serving, certainly not working for investors. However, Mellon and GS getting fooled seems unlikely but looking back at history they do get fooled. I am hoping for a buyout $6 would seem like a miracle at this point.
Frankly, I still don't care. All I need is this stock to get back up to 2.94 and then it's sell time. And then the misery will end. This company is still a piece of #$%$ no matter how it chews out. It is time for everyone to get back what they lost. After that let's all invest in a good company. I'm thinking companies that actually make some money like a utility company or a company that makes what people want or need like soda and cereal.