California State Teachers Retirement System reduced its holdings in J.C. Penney Company, Inc. Holding Company (NYSE:JCP) by 12.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 549,727 shares of the department store operator’s stock after selling 79,977 shares during the quarter. California State Teachers Retirement System owned approximately 0.18% of J.C. Penney Company, Inc. Holding worth $2,556,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in JCP. Prudential Financial Inc. increased its holdings in shares of J.C. Penney Company, Inc. Holding by 6.8% in the 1st quarter. Prudential Financial Inc. now owns 189,502 shares of the department store operator’s stock worth $1,167,000 after acquiring an additional 12,060 shares during the period. Thrivent Financial For Lutherans increased its holdings in shares of J.C. Penney Company, Inc. Holding by 11.6% in 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 during the period. Vanguard Group Inc. increased its holdings in shares of J.C. Penney Company, Inc. Holding by 5.6% in the 1st quarter. Vanguard Group Inc. now owns 23,858,033 shares of the department store operator’s stock worth $146,966,000 after acquiring an additional 1,270,459 shares during the period. Geode Capital Management LLC increased its holdings in shares of J.C. Penney Company, Inc. Holding by 4.8% in the 1st quarter. Geode Capital Management LLC now owns 2,324,781 shares of the department store operator’s stock worth $14,320,000 after acquiring an additional 106,121 shares during the period. Finally, Morgan Stanley increased its holdings in shares of J.C. Penney Company, Inc. Holding by 19.2% in 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 during the period. 71.99% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Paul J. Brown bought 25,000 shares of the firm’s stock in a transaction on Monday, August 21st. The stock was bought at an average cost of $3.62 per share, for a total transaction of $90,500.00. Following the completion of the acquisition, the director now directly owns 68,123 shares in the company, valued at approximately $246,605.26. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Marvin R. Ellison purchased 100,000 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The shares were bought at an average price of $3.48 per share, with a total value of $348,000.00. Following the completion of the acquisition, the chairman now owns 2,852,280 shares of the company’s stock, valued at approximately $9,925,934.40. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 310,135 shares of company stock valued at $1,111,391. Corporate insiders own 1.02% of the company’s stock.

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J.C. Penney Company, Inc. Holding Company (NYSE:JCP) opened at $3.17 on Friday. J.C. Penney Company, Inc. Holding Company has a fifty-two week low of $2.35 and a fifty-two week high of $10.74. The company has a market cap of $985.05, a PE ratio of 11.32 and a beta of 0.53. The company has a quick ratio of 0.24, a current ratio of 1.45 and a debt-to-equity ratio of 3.51.

J.C. Penney Company, Inc. Holding (NYSE:JCP) last announced its earnings results on Friday, November 10th. The department store operator reported ($0.33) EPS for the quarter, topping the consensus estimate of ($0.43) by $0.10. J.C. Penney Company, Inc. Holding had a negative net margin of 0.94% and a positive return on equity of 10.55%. The company had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.77 billion. During the same period last year, the company posted ($0.21) earnings per share. The business’s revenue for the quarter was down 1.8% on a year-over-year basis. sell-side analysts predict that J.C. Penney Company, Inc. Holding Company will post 0.06 EPS for the current year.

A number of analysts recently weighed in on the stock. Susquehanna Bancshares Inc cut 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 report on Tuesday, October 31st. BMO Capital Markets dropped their price objective on shares of J.C. Penney Company, Inc. Holding from $4.00 to $2.75 and set a “market perform” rating on the stock in a report on Monday, October 30th. Zacks Investment Research cut shares of J.C. Penney Company, Inc. Holding from a “hold” rating to a “sell” rating in a report on Monday, October 30th. Northcoast Research cut shares of J.C. Penney Company, Inc. Holding from a “buy” rating to a “neutral” rating in a report on Monday, October 30th. Finally, Citigroup Inc. cut shares of J.C. Penney Company, Inc. Holding from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $4.00 to $3.00 in a report on Monday, October 30th. Three analysts have rated the stock with a sell rating, twenty have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $5.06.

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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