Are Hedge Funds Betting Against J. C. Penney Company, Inc. (JCP)?

J. C. Penney Company, Inc. (NYSE:JCP) produced a 18.12% rally since recording the worst price of $1.6. Thanks to the latest 2.16% increase, it now trades at $1.89. Throughout the trading on 09/14/2018, the share price floated between $1.81 and $1.89. This company shares are -16.4% up from its target price of $1.58 and the current market capitalization stands at $596.67M. The recent change has given its price a -12.58% deficit over SMA 50 and -60.21% deficit over its 52-week high. The stock witnessed -21.58% declines, -30.77% declines and -39.42% 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 4.19%.

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

Institutional investors currently hold around $430 million or 74.7% in JCP stock. Look at its top three institutional owners. Blackrock Inc. owns $78.94 million in J. C. Penney Company, Inc., which represents roughly 13.23% of the company’s market cap and approximately 18.36% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 29,419,517 shares of the stock are valued at $55.6 million. The third largest holder is Contrarius Investment Management Ltd, which currently holds $27.64 million worth of this stock and that ownership represents nearly 4.63% of its market capitalization.

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

At the end of June reporting period, 111 institutional holders increased their position in J. C. Penney Company, Inc. (NYSE:JCP) by some 47,286,189 shares, 125 decreased positions by 50,153,864 and 71 held positions by 129,974,531. That puts total institutional holdings at 227,414,584 shares, according to SEC filings. The stock grabbed 36 new institutional investments totaling 17,782,727 shares while 55 institutional investors sold out their entire positions totaling 29,480,690 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 $128,752.

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 $5,390,809.

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

Several analysts have released their opinion on J. C. Penney Company, Inc. (NYSE:JCP), with 0 analysts believing it is a strong buy. Whereas 9 of them predict the stock is a hold. Also, there are 0 buy, 1 sell and 2 strong sell ratings, collectively assigning a 3.42 average brokerage recommendation.