Keel Point LLC grew its position in J.C. Penney Company, Inc. Holding Company (NYSE:JCP) by 100.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 108,000 shares of the department store operator’s stock after purchasing an additional 54,000 shares during the quarter. Keel Point LLC’s holdings in J.C. Penney Company, Inc. Holding were worth $411,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in JCP. Thrivent Financial For Lutherans raised its stake in J.C. Penney Company, Inc. Holding by 11.6% during the 1st quarter. Thrivent Financial For Lutherans now owns 58,490 shares of the department store operator’s stock worth $360,000 after acquiring an additional 6,090 shares in the last quarter. Morgan Stanley raised its stake in J.C. Penney Company, Inc. Holding by 19.2% during the 1st quarter. Morgan Stanley now owns 1,716,854 shares of the department store operator’s stock worth $10,576,000 after acquiring an additional 276,456 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in J.C. Penney Company, Inc. Holding by 8.7% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 1,441,164 shares of the department store operator’s stock worth $8,878,000 after acquiring an additional 114,943 shares in the last quarter. Tudor Investment Corp ET AL raised its stake in J.C. Penney Company, Inc. Holding by 12.8% during the 1st quarter. Tudor Investment Corp ET AL now owns 22,900 shares of the department store operator’s stock worth $141,000 after acquiring an additional 2,600 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its stake in J.C. Penney Company, Inc. Holding by 1.7% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 109,180 shares of the department store operator’s stock worth $508,000 after acquiring an additional 1,800 shares in the last quarter. Institutional investors and hedge funds own 69.70% of the company’s stock.

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Shares of J.C. Penney Company, Inc. Holding Company (JCP) traded up $0.02 on Thursday, reaching $3.24. 13,785,500 shares of the company’s stock were exchanged, compared to its average volume of 19,124,480. The company has a current ratio of 1.44, a quick ratio of 0.16 and a debt-to-equity ratio of 3.95. The firm has a market capitalization of $1,001.74, a PE ratio of 11.50, a P/E/G ratio of 2.65 and a beta of 0.53. J.C. Penney Company, Inc. Holding Company has a one year low of $2.35 and a one year high of $10.74.

J.C. Penney Company, Inc. Holding (NYSE:JCP) last announced its earnings results on Friday, November 10th. The department store operator reported ($0.33) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.43) by $0.10. The company had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.77 billion. J.C. Penney Company, Inc. Holding had a negative net margin of 1.43% and a positive return on equity of 7.60%. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.21) earnings per share. research analysts predict that J.C. Penney Company, Inc. Holding Company will post 0.08 earnings per share for the current fiscal year.

Several brokerages have issued reports on JCP. Cowen and Company set a $6.00 price objective on shares of J.C. Penney Company, Inc. Holding and gave the stock a “hold” rating in a research report on Friday, August 11th. B. Riley reissued a “buy” rating and set a $4.30 price objective on shares of J.C. Penney Company, Inc. Holding in a research report on Wednesday, August 16th. Susquehanna Bancshares Inc downgraded shares of J.C. Penney Company, Inc. Holding from a “positive” rating to a “neutral” rating and set a $3.00 price objective on the stock. in a research report on Tuesday, October 31st. Citigroup Inc. raised their price objective on shares of J.C. Penney Company, Inc. Holding from $3.00 to $4.00 and gave the stock a “neutral” rating in a research report on Friday, October 27th. Finally, Robert W. Baird set a $3.00 price objective on shares of J.C. Penney Company, Inc. Holding and gave the stock a “hold” rating in a research report on Sunday, October 29th. Two analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $5.03.

J.C. Penney Company, Inc. Holding 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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