127 institutional investors are raising stakes in J. C. Penney Company, Inc. (JCP)

J. C. Penney Company, Inc. (NYSE:JCP) enjoyed a 17.02% run-up in share price since hitting record low of $2.35. The stock managed 9.56% rise and now stands at $2.75 as of 11/09/2017. At recent session, the prices were hovering between $2.5 and $2.83. This company shares are 35.27% off its target price of $3.72 and the current market capitalization stands at $919.46M. The recent change has given its price a -23.49% deficit over SMA 50 and -74.39% deficit over its 52-week high. The stock witnessed -20.98% declines, -30.03% declines and -39.56% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found JCP’s volatility during a week at 11.28% and during a month it has been found around 7.06%.

J. C. Penney Company, Inc. (JCP) Top Holders

Institutional investors currently hold around $557 million or 73.5% in JCP stock. Look at its top three institutional owners. Blackrock Inc. owns $94.58 million in J. C. Penney Company, Inc., which represents roughly 10.29% of the company’s market cap and approximately 16.98% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 26,707,466 shares of the stock are valued at $67.04 million. The third largest holder is Evercore Trust Company, N.A., which currently holds $34.57 million worth of this stock and that ownership represents nearly 3.76% of its market capitalization.

J. C. Penney Company, Inc. 13F Filings

At the end of 06/30/2017 reporting period, 127 institutional holders increased their position in J. C. Penney Company, Inc. (NYSE:JCP) by some 46,633,119 shares, 148 decreased positions by 50,515,243 and 55 held positions by 124,616,594. That puts total institutional holdings at 221,764,956 shares, according to SEC filings. The stock grabbed 42 new institutional investments totaling 13,659,741 shares while 75 institutional investors sold out their entire positions totaling 22,061,269 shares.

J. C. Penney Company, Inc. (NYSE:JCP) Insider Trades

Multiple company employees have indulged in significant insider trading. J. C. Penney Company, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that EVP, CFO Davis Jeffrey A. has acquired 50,000 shares of J. C. Penney Company, Inc. (JCP) in trading session dated Aug. 22, 2017. These shares are worth $181,000 and were traded at $3.62 each. The SEC filing shows that Teruel Javier G performed a purchase of 135,135 shares. The Director added these shares by way of transaction on Aug. 22, 2017. The company’s shares were assimilated at $3.64 per share worth to an investment of some $491,891 on account of Teruel Javier G.

Director, Brown Paul J, purchased 25,000 common shares of J. C. Penney Company, Inc. (JCP) in the open market. In a transaction dated Aug. 21, 2017, the shares were bought at an average price of $3.62, giving away a sum of $90,500. After this purchase, 68,123 common shares of JCP are directly owned by the insider, with total stake valued at $187,338.

In the transaction dated Aug. 18, 2017, the great number of shares acquired came courtesy the Chairman and CEO; Ellison Marvin R added a total of 100,000 shares at an average price of $3.48, amounting to approximately $348,000. The insider now directly owns 2,852,280 shares worth $7,843,770.

J. C. Penney Company, Inc. (JCP) Analyst Guide

Several analysts have released their opinion on J. C. Penney Company, Inc. (NYSE:JCP), with 1 analysts believing it is a strong buy. Whereas 14 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 1 strong sell ratings, collectively assigning a 3 average brokerage recommendation.

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