Canaccord Genuity Group Inc. (CF) EPS Estimated At $0.12; Pomelo Capital Cut By $6.13 Million Its Penney J C (JCP) Holding

January 22, 2018 - By Adrian Mccoy

Pomelo Capital Llc decreased Penney J C Inc (JCP) stake by 41.15% reported in 2017Q3 SEC filing. Pomelo Capital Llc sold 2.04M shares as Penney J C Inc (JCP)’s stock declined 35.14%. The Pomelo Capital Llc holds 2.92 million shares with $11.14M value, down from 4.97 million last quarter. Penney J C Inc now has $1.24B valuation. The stock increased 1.53% or $0.06 during the last trading session, reaching $3.99. About 13.53 million shares traded. J. C. Penney Company, Inc. (NYSE:JCP) has declined 40.00% since January 22, 2017 and is downtrending. It has underperformed by 56.70% the S&P500.

Analysts expect Canaccord Genuity Group Inc. (TSE:CF) to report $0.12 EPS on February, 8.They anticipate $0.09 EPS change or 300.00% from last quarter’s $0.03 EPS. T_CF’s profit would be $10.99M giving it 13.75 P/E if the $0.12 EPS is correct. After having $0.01 EPS previously, Canaccord Genuity Group Inc.’s analysts see 1,100.00% EPS growth. The stock increased 1.69% or $0.11 during the last trading session, reaching $6.6. About 90,418 shares traded. Canaccord Genuity Group Inc. (TSE:CF) has 0.00% since January 22, 2017 and is . It has underperformed by 16.70% the S&P500.

Investors sentiment increased to 1.19 in 2017 Q3. Its up 0.40, from 0.79 in 2017Q2. It improved, as 45 investors sold JCP shares while 51 reduced holdings. 38 funds opened positions while 76 raised stakes. 222.21 million shares or 0.72% more from 220.63 million shares in 2017Q2 were reported. 22,464 are owned by Alps Inc. Aqr Capital Management Ltd Com reported 0% in J. C. Penney Company, Inc. (NYSE:JCP). Ftb has 0% invested in J. C. Penney Company, Inc. (NYSE:JCP). Mycio Wealth Partners Limited Liability Com owns 35,140 shares. 455,722 are owned by Commerzbank Aktiengesellschaft Fi. Moreover, Jpmorgan Chase & Com has 0% invested in J. C. Penney Company, Inc. (NYSE:JCP). Gotham Asset Llc holds 1.55 million shares. Maverick has 0.01% invested in J. C. Penney Company, Inc. (NYSE:JCP). Bluestein R H And Company owns 0% invested in J. C. Penney Company, Inc. (NYSE:JCP) for 10,000 shares. Profund Advsr accumulated 59,179 shares. Nuveen Asset Mgmt Ltd Liability Corp accumulated 0% or 63,700 shares. Legal General Public reported 1.16M shares stake. Annex Advisory Services Ltd Liability Corp invested in 11,500 shares. Wedge Cap L LP Nc holds 140,167 shares. Ing Groep Nv, Netherlands-based fund reported 252,900 shares.

Analysts await J. C. Penney Company, Inc. (NYSE:JCP) to report earnings on February, 23. They expect $0.42 earnings per share, down 34.38% or $0.22 from last year’s $0.64 per share. JCP’s profit will be $130.84M for 2.38 P/E if the $0.42 EPS becomes a reality. After $-0.33 actual earnings per share reported by J. C. Penney Company, Inc. for the previous quarter, Wall Street now forecasts -227.27% EPS growth.

Pomelo Capital Llc increased Ypf Sociedad Anonima (Put) (NYSE:YPF) stake by 325,500 shares to 335,500 valued at $7.48M in 2017Q3. It also upped Community Health Sys Inc New (NYSE:CYH) stake by 64,572 shares and now owns 74,572 shares. Gnc Hldgs Inc (Put) (NYSE:GNC) was raised too.

Among 29 analysts covering J.C. Penney Company (NYSE:JCP), 3 have Buy rating, 5 Sell and 21 Hold. Therefore 10% are positive. J.C. Penney Company had 82 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of J. C. Penney Company, Inc. (NYSE:JCP) earned “Hold” rating by BMO Capital Markets on Friday, October 27. Piper Jaffray maintained it with “Hold” rating and $400 target in Friday, August 11 report. B. Riley & Co maintained J. C. Penney Company, Inc. (NYSE:JCP) on Tuesday, July 11 with “Hold” rating. The stock has “Hold” rating by Robert W. Baird on Thursday, January 4. The firm has “Sell” rating by Credit Suisse given on Friday, June 16. On Monday, February 13 the stock rating was upgraded by Morgan Stanley to “Equal-Weight”. The firm has “Neutral” rating by Citigroup given on Monday, May 16. BMO Capital Markets maintained J. C. Penney Company, Inc. (NYSE:JCP) rating on Monday, August 14. BMO Capital Markets has “Market Perform” rating and $4 target. Piper Jaffray maintained the stock with “Hold” rating in Wednesday, January 10 report. The firm earned “Hold” rating on Tuesday, June 27 by Gordon Haskett.

Canaccord Genuity Group Inc., an independent and full-service financial services company, provides investment solutions, and brokerage and investment banking services to individual, institutional, corporate, and government clients. The company has market cap of $604.57 million. It operates in two divisions, Canaccord Genuity and Canaccord Genuity Wealth Management. It has a 51.16 P/E ratio. The Canaccord Genuity segment offers investment banking, advisory, sales and research, and trading services.

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