5,661,650 Shares in J C Penney Company Inc (JCP) Acquired by Tilden Park Management I LLC

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Tilden Park Management I LLC bought a new position in J C Penney Company Inc (NYSE:JCP) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 5,661,650 shares of the department store operator’s stock, valued at approximately $5,888,000. J C Penney comprises approximately 0.5% of Tilden Park Management I LLC’s investment portfolio, making the stock its 10th biggest position. Tilden Park Management I LLC owned 1.80% of J C Penney at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Capstone Financial Advisors Inc. boosted its holdings in J C Penney by 100.0% in the third quarter. Capstone Financial Advisors Inc. now owns 20,000 shares of the department store operator’s stock worth $33,000 after purchasing an additional 10,000 shares during the last quarter. Creative Planning boosted its holdings in J C Penney by 68.2% in the fourth quarter. Creative Planning now owns 45,334 shares of the department store operator’s stock worth $47,000 after purchasing an additional 18,387 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV boosted its holdings in J C Penney by 13.6% in the fourth quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 79,550 shares of the department store operator’s stock worth $83,000 after purchasing an additional 9,500 shares during the last quarter. Crossmark Global Holdings Inc. boosted its holdings in J C Penney by 42.0% in the fourth quarter. Crossmark Global Holdings Inc. now owns 145,414 shares of the department store operator’s stock worth $151,000 after purchasing an additional 43,040 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in J C Penney by 3,772.8% in the third quarter. Tower Research Capital LLC TRC now owns 125,556 shares of the department store operator’s stock worth $209,000 after purchasing an additional 122,314 shares during the last quarter. Institutional investors own 76.60% of the company’s stock.

Several research firms have weighed in on JCP. Zacks Investment Research downgraded shares of J C Penney from a “hold” rating to a “sell” rating in a research report on Monday, February 4th. Telsey Advisory Group decreased their price target on shares of J C Penney from $2.00 to $1.25 and set a “market perform” rating on the stock in a research report on Friday, November 16th. Craig Hallum reiterated a “hold” rating and issued a $2.00 price target on shares of J C Penney in a research report on Thursday, November 15th. Argus downgraded shares of J C Penney from a “hold” rating to a “sell” rating in a research report on Friday, November 16th. Finally, Citigroup began coverage on shares of J C Penney in a research report on Thursday, December 20th. They issued an “underweight” rating on the stock. Seven research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $2.81.

JCP traded up $0.04 during trading on Tuesday, hitting $1.30. The company’s stock had a trading volume of 87,829 shares, compared to its average volume of 7,937,571. The company has a current ratio of 1.58, a quick ratio of 0.17 and a debt-to-equity ratio of 4.07. J C Penney Company Inc has a one year low of $0.92 and a one year high of $4.75. The company has a market capitalization of $399.15 million, a PE ratio of 5.89 and a beta of 1.16.

J C Penney (NYSE:JCP) last announced its quarterly earnings data on Thursday, November 15th. The department store operator reported ($0.52) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.57) by $0.05. The firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.81 billion. J C Penney had a negative net margin of 0.62% and a negative return on equity of 13.97%. During the same period last year, the firm earned ($0.33) EPS. Equities analysts forecast that J C Penney Company Inc will post -0.97 earnings per share for the current fiscal year.

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About J C Penney

J. C. Penney Company, Inc, through its subsidiary J. C. Penney Corporation, Inc, sells merchandise through department stores. The company primarily sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products, home furnishings, and large appliances; and provides services, including styling salon, optical, portrait photography, custom decorating, and home services.

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

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