Nomura Holdings Inc. increased its position in Cheetah Mobile Inc (NASDAQ:CMCM) by 65.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,926 shares of the company’s stock after buying an additional 9,030 shares during the period. Nomura Holdings Inc.’s holdings in Cheetah Mobile were worth $222,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in CMCM. Stevens Capital Management LP bought a new stake in Cheetah Mobile during the second quarter worth approximately $110,000. GSA Capital Partners LLP bought a new stake in Cheetah Mobile during the second quarter worth approximately $197,000. Jane Street Group LLC boosted its stake in Cheetah Mobile by 244.2% in the second quarter. Jane Street Group LLC now owns 20,766 shares of the company’s stock worth $197,000 after buying an additional 35,162 shares in the last quarter. BlackRock Group LTD boosted its stake in Cheetah Mobile by 465.7% in the second quarter. BlackRock Group LTD now owns 35,946 shares of the company’s stock worth $341,000 after buying an additional 29,592 shares in the last quarter. Finally, Alliancebernstein L.P. bought a new stake in Cheetah Mobile during the second quarter worth approximately $439,000.
Shares of Cheetah Mobile Inc (NASDAQ:CMCM) opened at 12.46 on Friday. Cheetah Mobile Inc has a 52 week low of $8.77 and a 52 week high of $21.37. The stock’s market cap is $1.73 billion. The company’s 50-day moving average is $12.55 and its 200 day moving average is $12.72.
Cheetah Mobile (NASDAQ:CMCM) last issued its earnings results on Friday, August 19th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.01) by $0.06. The company earned $157.50 million during the quarter, compared to analysts’ expectations of $993.99 million. Cheetah Mobile’s revenue for the quarter was up 20.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.81 earnings per share. Analysts forecast that Cheetah Mobile Inc will post $0.09 earnings per share for the current fiscal year.
A number of analysts have recently commented on the stock. Zacks Investment Research raised shares of Cheetah Mobile from a “sell” rating to a “hold” rating in a research note on Monday, July 25th. Morgan Stanley reissued an “underweight” rating and set a $9.00 target price (up previously from $0.50) on shares of Cheetah Mobile in a research note on Monday, August 22nd. Finally, TheStreet cut shares of Cheetah Mobile from a “hold” rating to a “sell” rating in a research note on Thursday, June 16th.
Cheetah Mobile Company Profile
Cheetah Mobile Inc is a provider of online marketing services, Internet value-added services and Internet security services and others in the People’s Republic of China (the PRC). The Company operates a platform that offers mobile and Personal Computer (PC) applications for its users and global content distribution channels for its customers, both of which are powered by its cloud-based data analytics engines.
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