Published: Fri, November 17, 2017
Business | By Max Garcia

Critical Ownership Status in Focus: General Electric Company (NYSE:GE)

A total of 12.05 Million shares exchanged hands during the intra-day trade compared with its average trading volume of 17.09 Million shares, while its relative volume stands at 0.71. Holding Company (NYSE:JCP) from a positive rating to a neutral rating in a research report sent to investors on Tuesday, October 31st, MarketBeat reports. The company has a debt-to-equity ratio of 3.95, a current ratio of 1.44 and a quick ratio of 0.16. (NYSE:JCP) touched its 1-Year High price of $10.74 on 12/08/16 and its 1-Year Low price of $ 2.35 on 11/08/17. After $0.13 actual earnings per share reported by Landmark Infrastructure Partners LP for the previous quarter, Wall Street now forecasts 7.69% EPS growth. The firm had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.77 billion. In this case performance of tends to percentage rate of return for a stock for a given time frame. Holding's revenue for the quarter was down 1.8% on a year-over-year basis. Equities research analysts at Northcoast Research dropped their Q3 2018 earnings estimates for J.C. Penney Company, Inc.

However looking at valuation ratios the stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0. The shares were bought at an average price of $3.62 per share, with a total value of $90,500.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

In other news, Director Paul J. Brown purchased 25,000 shares of the business's stock in a transaction on Monday, August 21st. Moving toward the technical facts, its current distance from 20-Day Simple Moving Average is 4.38% and standing -9.70% away from 50-Day Simple Moving Average while traded down -34.77% from 200-Day Simple Moving Average. Institutional investors and hedge funds own 70.46% of the company's stock. Insiders contain to comply with strict disclosure requirements with regard to the sale or purchase of the shares of their company.

Several other brokerages have also issued reports on JCP.

Many analysts have provided their estimated foresights on J. C. Penney Company, Inc. Checking it quarterly performance we found that it was downtick and dipped -12.22% performance. Tudor Investment Corp ET AL now owns 22,900 shares of the department store operator's stock worth $141,000 after purchasing an additional 2,600 shares during the period.

The Details: J. C. Penney Company, Inc. Holding by 3.1% in the 2nd quarter.

J. C. Penney Company, Inc. Holding by 13.9% during the 2nd quarter. Pinebridge Investments L.P. purchased a new position in shares of J.C. Penney Company, Inc. Finally, US Bancorp DE grew its stake in shares of J.C. Penney Company, Inc. Holding by 5.6% in the 1st quarter. US Bancorp DE now owns 63,629 shares of the department store operator's stock valued at $296,000 after buying an additional 1,054 shares during the last quarter.

The consensus recommendation, according to Zacks Investment research, is 3. Holding from a "hold" rating to a "strong-buy" rating and set a $6.25 price objective on the stock in a report on Thursday, August 10th. The most optimistic analyst sees the stock reaching $8 while the most conventional has $1.5 target price.

Insider Trades for J. C. Penney Company, Inc. show that the latest trade was made on 31 Aug 2017 where Teruel (Javier G), the Director completed a transaction type "Buy" in which 4166 shares were traded at a price of $3.99. Holding from a buy rating to a hold rating in a research note on Saturday, August 12th. J.C. Penney has a 1-year low of $6.00 and a 1-year high of $11.99. RBC Capital Markets maintained it with "Buy" rating and $19.0 target in Sunday, September 17 report. Out of 16 total analysts who were surveyed, 1 rated it a Strong Sell, 14 rated it hold, and 1 rated it a Strong Buy.

WARNING: This piece was first published by Week Herald and is the property of of Week Herald. If you are reading this news story on another domain, it was stolen and republished in violation of US & worldwide trademark & copyright law. Tudor Investment Corp ET AL raised its holdings in shares of J.C. Penney Company, Inc.

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