Geode Capital Management LLC Purchases 106,121 Shares of J.C. Penney Company, Inc. Holding Company (NYSE:JCP)

Geode Capital Management LLC raised its stake in J.C. Penney Company, Inc. Holding Company (NYSE:JCP) by 4.8% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 2,324,781 shares of the department store operator’s stock after buying an additional 106,121 shares during the period. Geode Capital Management LLC owned about 0.75% of J.C. Penney Company, Inc. Holding worth $14,320,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of JCP. Cambridge Investment Research Advisors Inc. boosted its stake in shares of J.C. Penney Company, Inc. Holding by 33.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 16,721 shares of the department store operator’s stock valued at $103,000 after buying an additional 4,205 shares during the period. Meadow Creek Investment Management LLC boosted its position in shares of J.C. Penney Company, Inc. Holding by 14.5% in the first quarter. Meadow Creek Investment Management LLC now owns 17,472 shares of the department store operator’s stock valued at $108,000 after buying an additional 2,212 shares during the last quarter. Parametrica Management Ltd purchased a new position in shares of J.C. Penney Company, Inc. Holding during the first quarter valued at approximately $117,000. Janney Montgomery Scott LLC boosted its position in shares of J.C. Penney Company, Inc. Holding by 84.4% in the first quarter. Janney Montgomery Scott LLC now owns 19,818 shares of the department store operator’s stock valued at $122,000 after buying an additional 9,068 shares during the last quarter. Finally, Glen Harbor Capital Management LLC boosted its position in shares of J.C. Penney Company, Inc. Holding by 14.5% in the first quarter. Glen Harbor Capital Management LLC now owns 21,216 shares of the department store operator’s stock valued at $131,000 after buying an additional 2,686 shares during the last quarter. Institutional investors and hedge funds own 78.87% of the company’s stock.

J.C. Penney Company, Inc. Holding Company (NYSE JCP) traded down 2.17% on Wednesday, hitting $3.60. 23,168,913 shares of the company were exchanged. J.C. Penney Company, Inc. Holding Company has a 52 week low of $3.57 and a 52 week high of $11.09. The company’s market capitalization is $1.12 billion. The stock has a 50 day moving average of $4.92 and a 200 day moving average of $5.49.

J.C. Penney Company, Inc. Holding (NYSE:JCP) last announced its quarterly earnings data on Friday, August 11th. The department store operator reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.06) by $0.03. The firm had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $2.84 billion. J.C. Penney Company, Inc. Holding had a negative net margin of 0.94% and a positive return on equity of 10.55%. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.05) EPS. Analysts predict that J.C. Penney Company, Inc. Holding Company will post $0.43 EPS for the current fiscal year.

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Several brokerages have recently commented on JCP. Gordon Haskett began coverage on shares of J.C. Penney Company, Inc. Holding in a research report on Tuesday, May 9th. They issued a “reduce” rating and a $5.00 target price for the company. Zacks Investment Research cut shares of J.C. Penney Company, Inc. Holding from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. BidaskClub upgraded shares of J.C. Penney Company, Inc. Holding from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Jefferies Group LLC restated a “hold” rating and issued a $5.00 target price on shares of J.C. Penney Company, Inc. Holding in a research report on Thursday, August 3rd. Finally, Deutsche Bank AG boosted their target price on shares of J.C. Penney Company, Inc. Holding from $5.50 to $6.50 and gave the company a “hold” rating in a research report on Tuesday, August 8th. Two equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $5.80.

J.C. Penney Company, Inc. Holding Company Profile

J. C. Penney Company, Inc is a holding company. The Company’s business consists of selling merchandise and services to consumers through its department stores and its Website at jcpenney.com. Its department stores and Website generally serve the same type of customers, its Website offers virtually the same mix of merchandise as its store assortment and other categories, and its department stores generally accept returns from sales made in stores and through its Website.

Institutional Ownership by Quarter for J.C. Penney Company, Inc. Holding (NYSE:JCP)

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