Aristotle Fund LP Increased Its Stake in J.C. Penny Co INC (JCP) by $11.48 Million as Shares Declined

June 27, 2018 - By Sarah Harris

J. C. Penney Company, Inc. (NYSE:JCP) Corporate LogoBig Money Sentiment increased to 1.28 in 2018 Q1. It has change of 0.46, from 2017Q4’s 0.82. The ratio improved due to JCP positioning: 25 sold and 62 reduced. 44 funds bought positions and 67 increased positions. Investors holded 209.82 million in 2017Q4 but now own 204.54 million shares or 2.52% less. Northwestern Mutual Wealth holds 1,136 shs. Shikiar Asset Mngmt Incorporated has invested 0.03% in J. C. Penney Company, Inc. (NYSE:JCP). Whittier Communications stated it has 0% of its capital in J. C. Penney Company, Inc. (NYSE:JCP). Shellback LP accumulated 500,000 shs. The California-based Gemmer Asset Mgmt has invested 0% in J. C. Penney Company, Inc. (NYSE:JCP). Leuthold Gp Limited Liability Company has 0.01% invested in J. C. Penney Company, Inc. (NYSE:JCP) for 26,669 shs. Rhumbline Advisers invested in 0% or 759,853 shs. Nuveen Asset Lc holds 0% or 63,700 shs. First Interstate Commercial Bank reported 0% of its capital in J. C. Penney Company, Inc. (NYSE:JCP). Ameriprise Inc accumulated 1.64 million shs. Gargoyle Inv Advisor Ltd Liability holds 0.05% of its capital in J. C. Penney Company, Inc. (NYSE:JCP) for 39,000 shs. State Teachers Retirement Systems, a New York-based fund reported 381,139 shs. Gabelli Funds Limited Liability Corp holds 0.02% of its capital in J. C. Penney Company, Inc. (NYSE:JCP) for 1.29M shs. Prudential Public Ltd Com, a Illinois-based fund reported 794,401 shs. Virtu Fincl Limited Liability Corporation invested in 0.04% or 220,821 shs.

Based on the latest 2018Q1 regulatory filing with the SEC, Aristotle Fund Lp rose its holdings in J.C. Penny Co Inc. (JCP) by 420.2%. By buying 3.83M shares Aristotle Fund Lp made the stock sank with 44.71%. The consumer services company reported $14.31M value for the 2018Q1. Now the hedge fund is holding 4.74 million shares, compared to the 911,000 from the previous quarter. Aristotle Fund Lp has cut its stake in and also reduced its holding in by shares in the quarter, for a total of shares.

For more J. C. Penney Company, Inc. (NYSE:JCP) news announced briefly go to: Fool.com, Globenewswire.com, Seekingalpha.com, Seekingalpha.com or Fool.com. The titles are as follows: “Why BlackBerry, JC Penney, and Splunk Slumped Today” announced on June 22, 2018, “JCPenney Scores Big with Launch of Fanatics Shops” on June 07, 2018, “A Look At JC Penney’s Revolver Situation” with a publish date: June 05, 2018, “Lovesac prices IPO at $16/share, above range” and the last “On the Brink, JC Penney Finally Realizes It Doesn’t Need 3 Corporate Jets” with publication date: June 27, 2018.

J. C. Penney Company, Inc. (NYSE:JCP) Ratings Coverage

Total analysts of 7 have positions in JC Penney (NYSE:JCP) as follows: 0 rated it a “Buy”, 1 with “Sell” and 6 with “Hold”. The positive are 0. The firm has $4.0 highest while $2.5 is the lowest price target. The average target $3.33 is 34.00% above the last ($2.485) price. Since January 4, 2018 according to StockzIntelligence Inc JC Penney has 9 analyst reports. In Tuesday, January 23 report Susquehanna maintained the stock with “Hold” rating. On Wednesday, January 10 the firm has “Hold” rating given by Piper Jaffray. The stock rating was maintained by Piper Jaffray with “Hold” on Tuesday, May 22. On Thursday, January 4 the stock has “Hold” rating by Jefferies. On Thursday, January 4 the rating was maintained by Robert W. Baird with “Hold”.

J. C. Penney Company, Inc. (NYSE:JCP) Institutional Investors Chart

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