JC Penney losses mount, missing estimates; stock craters

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The California-based Reilly Fincl Ltd Liability Company has invested 0% in J C Penney Company Inc (NYSE:JCP). The stock of Indus Holding AG (ETR:INH) earned "Buy" rating by Warburg Research on Thursday, November 17. It is generally higher when the price of a security is changing, as the strength of any given price movement is measured mainly by the volume and shifts in trade volume can make observed price movements more significant.

Total shares held by institutions as of the most recent company filings are 277,831,639 with a reported 38,437,948 bought and 27,840,518 sold.

What Guru's think About Is J.C. Penney Company, Inc. Veritable LP reported 22,545 shares or 0% of all its holdings. The rating was maintained by Telsey Advisory Group with "Outperform" on Monday, May 15. If the $3.59 price target is reached, the company will be worth $110.70M less.

Among 20 analysts covering Constellation Brands (NYSE:STZ), 13 have Buy rating, 0 Sell and 7 Hold. It turned negative, as 50 investors sold JCP shares while 97 reduced holdings. The firm owned 276,464 shares of the department store operator's stock after selling 16,947 shares during the period. The stock has an average rating of Hold and an average price target of $6.50. Current price level places the company's stock about -36.09% from the 52-week high and 11.75% away from the 52-week low. The company has market cap of $25.43 million. The legal version of this piece of content can be accessed at https://www.chaffeybreeze.com/2017/08/10/analysts-expect-j-c-penney-company-inc-holding-company-jcp-to-announce-0-07-earnings-per-share-updated.html. That compared with consensus estimates from Thomson Reuters that called for a net loss of $0.05 per share and $2.84 billion in revenue. Comparable sales declined 1.3% for the second quarter, resulting in a positive two-year stack of 0.9%. Phocas Financial stated it has 1.04 million shares or 0.57% of all its holdings. Hbk Limited Partnership has invested 0.23% of its portfolio in J C Penney Company Inc (NYSE:JCP). "Holding Company Expected to Post Q2 2018 Earnings of $0.02 Per Share (JCP)" was originally published by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of US & worldwide copyright and trademark legislation.

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The biggest institutional shareholders in J.C. Penney Company, Inc. Concert Wealth Incorporated holds 0.06% or 33,910 shares.

Shares in Penney, which were down 16 percent at $3.96 in morning trading, have tumbled 43 percent since the start of the year. State Street Corp raised its position in shares of J.C. Penney Company, Inc. Holding by 1.4% in the first quarter. Vanguard Group Inc. now owns 23,858,033 shares of the department store operator's stock valued at $146,966,000 after buying an additional 1,270,459 shares during the period. Meadow Creek Investment Management LLC boosted its stake in J.C. Penney Company, Inc. Holding by 5.6% in the first quarter. FNY Managed Accounts LLC purchased a new stake in shares of J.C. Penney Company, Inc. Finally, Janney Montgomery Scott LLC increased its stake in shares of J.C. Penney Company, Inc. Holding by 3.5% in the first quarter.

Losses, adjusted for one-time gains and costs, came to 9 cents per share, falling short of the 6 cents per share loss that analysts expected, according to Zacks Investment Research.

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