Mutual of America Capital Management LLC raised its position in J.C. Penney Co. (NYSE:JCP) by 1.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 234,523 shares of the department store operator’s stock after buying an additional 4,066 shares during the period. Mutual of America Capital Management LLC owned 0.08% of J.C. Penney worth $2,162,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Chartwell Investment Partners LLC boosted its position in J.C. Penney by 48.6% in the second quarter. Chartwell Investment Partners LLC now owns 7,433,289 shares of the department store operator’s stock worth $66,008,000 after buying an additional 2,429,635 shares during the last quarter. Vertex One Asset Management Inc. boosted its position in J.C. Penney by 988.9% in the second quarter. Vertex One Asset Management Inc. now owns 2,450,000 shares of the department store operator’s stock worth $21,756,000 after buying an additional 2,225,000 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in J.C. Penney by 20.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 11,409,164 shares of the department store operator’s stock worth $101,313,000 after buying an additional 1,902,149 shares during the last quarter. TCW Group Inc. boosted its position in J.C. Penney by 10.5% in the second quarter. TCW Group Inc. now owns 15,851,908 shares of the department store operator’s stock worth $140,765,000 after buying an additional 1,511,885 shares during the last quarter. Finally, Teachers Advisors Inc. boosted its position in J.C. Penney by 13.3% in the second quarter. Teachers Advisors Inc. now owns 11,943,671 shares of the department store operator’s stock worth $106,060,000 after buying an additional 1,401,147 shares during the last quarter. Institutional investors and hedge funds own 87.09% of the company’s stock.

Institutional Ownership by Quarter for J.C. Penney (NYSE:JCP)

Shares of J.C. Penney Co. (NYSE:JCP) traded up 3.70% on Tuesday, reaching $9.54. 25,062,552 shares of the company’s stock traded hands. J.C. Penney Co. has a one year low of $6.00 and a one year high of $11.99. The firm’s market cap is $2.94 billion. The company’s 50-day moving average price is $8.82 and its 200 day moving average price is $9.01.

J.C. Penney (NYSE:JCP) last issued its quarterly earnings results on Friday, November 11th. The department store operator reported ($0.21) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.21). J.C. Penney had a negative net margin of 2.56% and a negative return on equity of 4.66%. The company earned $2.86 billion during the quarter, compared to analyst estimates of $2.95 billion. During the same quarter last year, the business posted ($0.45) EPS. J.C. Penney’s quarterly revenue was down 1.4% compared to the same quarter last year. On average, equities analysts forecast that J.C. Penney Co. will post $0.07 EPS for the current fiscal year.

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A number of equities analysts recently commented on JCP shares. Zacks Investment Research cut J.C. Penney from a “hold” rating to a “sell” rating in a report on Monday, October 24th. Guggenheim began coverage on J.C. Penney in a report on Friday, September 30th. They set a “neutral” rating for the company. Vetr cut J.C. Penney from a “strong-buy” rating to a “buy” rating and set a $10.02 price objective for the company. in a report on Monday, August 8th. TheStreet upgraded J.C. Penney from a “sell” rating to a “hold” rating in a report on Friday, August 12th. Finally, Jefferies Group restated a “hold” rating and set a $10.00 price objective on shares of J.C. Penney in a report on Thursday, October 20th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. J.C. Penney presently has a consensus rating of “Hold” and an average price target of $11.40.

In other news, EVP John Joseph Tighe III sold 38,756 shares of the firm’s stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $9.33, for a total transaction of $361,593.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.28% of the company’s stock.

J.C. Penney Company Profile

J. C. Penney Company, Inc is a holding company. The Company’s operating subsidiary is J. C. Penney Corporation, Inc (JCP). The Company’s business consists of selling merchandise and services to consumers through its department stores and its Website at jcpenney.com, which utilizes optimized applications for desktop, mobile and tablet devices.

5 Day Chart for NYSE:JCP

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