The Sell-Side Reaction To JC Penney Company, Inc. (JCP)'s Recent Shift

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DUPONT CAPITAL MANAGEMENT Corp acquired a new position in J.C. Penney Company, Inc.

For investors, Forward P/E ratio allows a quick snapshot of the company's finances without getting bogged down in the details of an accounting report. Institutional investors and hedge funds own 78.50% of the company's stock. Holding Company by 0.4% in the first quarter. BlackRock Inc. now owns 24,704,238 shares of the department store operator's stock valued at $152,179,000 after buying an additional 24,491,676 shares during the last quarter. Capstone Asset Management Co. boosted its stake in shares of J.C. Penney Company, Inc. (JCP) has beta value of 0.48.

The company has been one of the biggest innovators in "Department Stores" employing approximately 106000 full time employees.

WARNING: "Balter Liquid Alternatives LLC Acquires New Position in J C Penney Company Inc (JCP)" was first posted by Markets Daily and is the sole property of of Markets Daily.

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"We continue to make encouraging progress in the company's competitive and financial position despite our top-line performance during the first quarter.", he said. The quarterly performance is giving indications that stock is trading with a tendency toward downward trend. Holding Company by 45.7% in the first quarter. Louisiana State Employees Retirement System now owns 77,900 shares of the department store operator's stock worth $480,000 after buying an additional 1,700 shares in the last quarter. Mik Capital LLC bought a new stake in shares of J C Penney Company during the third quarter valued at $7,838,000. Dynamic Capital Management Ltd now owns 270,867 shares of the department store operator's stock valued at $2,497,000 after buying an additional 55,873 shares in the last quarter. (JCP) shares saw a recent bid of $4.87 and 16.45M shares have exchanged hands in the recent trading session, yielding a -0.41% decline over the past week. The company reported the earnings of $0.06/Share in the last quarter where the estimated EPS by analysts was $-0.21/share. (NYSE:JCP) established that the company was able to keep return on investment at -1.71 in the trailing twelve month while Reuters data showed that industry's average stands at 18.05 and sector's optimum level is 11.92. This change led market cap to move at $1.58B, putting the price -56.90% below the 52-week high and 16.79% above the 52-week low. The department store operator reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.21) by $0.27. Moreover, Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in J C Penney Company Inc (NYSE:JCP). During the same quarter in the previous year, the firm posted ($0.22) earnings per share. The company's revenue was down 3.7% compared to the same quarter past year. The SI to JC Penney Company Incorporated's float is 37.8%. On average, equities research analysts forecast that J.C. Penney Company, Inc. If you are reading this news story on another website, it was illegally stolen and reposted in violation of United States and global copyright laws.

Shellback Capital Lp decreased Penney J C Inc (JCP) stake by 42.86% reported in 2016Q4 SEC filing. However, the company's most recent quarter increase of 6.3% looks attractive.

J.C. Penney (NYSE:JCP) has been one of the more confusing retailers to follow. The stock has "Buy" rating by Piper Jaffray on Tuesday, August 4. Robert W. Baird had a markedly different take on 15/05/2017, proposing that J. C. Penney Company, Inc.is now considered Neutral versus prior Outperform rating. Holding Company in a report on Friday, February 17th. ValuEngine upgraded shares of J.C. Penney Company, Inc. Holding Company and gave the company a "hold" rating in a research note on Saturday, February 25th. The lowest price the stock reached in the last trading day was $4.55 and compares with the $4.17 52-week low. Deutsche Bank maintained NVIDIA Corporation (NASDAQ:NVDA) on Wednesday, April 6 with "Hold" rating. (JCP) stock price comparison to its moving averages, shares of company are -8.14% away from the 50-day moving average and 3.73% away from 20-day average. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company.

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