Stoneridge Investment Partners Increased Advance Auto Parts (AAP) Stake; Jersey Central Power & Light Co (JCP)’s Sentiment Is 0.79

December 7, 2017 - By Adrian Erickson

J. C. Penney Company, Inc., through its subsidiary J. The company has market cap of $1.04 billion. C. It currently has negative earnings. Penney Corporation, Inc., sells merchandise through department

stores.

Stoneridge Investment Partners Llc increased Advance Auto Parts Inc (AAP) stake by 30.03% reported in 2017Q2 SEC filing. Stoneridge Investment Partners Llc acquired 8,615 shares as Advance Auto Parts Inc (AAP)’s stock declined 6.26%. The Stoneridge Investment Partners Llc holds 37,301 shares with $4.35 million value, up from 28,686 last quarter. Advance Auto Parts Inc now has $7.20B valuation. The stock decreased 3.61% or $3.65 during the last trading session, reaching $97.5. About 1.29 million shares traded. Advance Auto Parts, Inc. (NYSE:AAP) has risen 5.52% since December 7, 2016 and is uptrending. It has underperformed by 11.18% the S&P500.

Hodges Capital Management Inc. holds 2.21% of its portfolio in J. C. Penney Company, Inc. for 8.01 million shares. First Dallas Securities Inc. owns 478,750 shares or 1.63% of their US portfolio. Moreover, Orca Investment Management Llc has 1.2% invested in the company for 276,464 shares. The New York-based Armistice Capital Llc has invested 1.07% in the stock. Pomelo Capital Llc, a New York-based fund reported 2.62 million shares.

Analysts await J. C. Penney Company, Inc. (NYSE:JCP) to report earnings on February, 23. They expect $0.51 EPS, down 20.31% or $0.13 from last year’s $0.64 per share. JCP’s profit will be $158.96M for 1.64 P/E if the $0.51 EPS becomes a reality. After $-0.33 actual EPS reported by J. C. Penney Company, Inc. for the previous quarter, Wall Street now forecasts -254.55% EPS growth.

Ratings analysis reveals 50% of J. C. Penney’s analysts are positive. Out of 6 Wall Street analysts rating J. C. Penney, 3 give it “Buy”, 1 “Sell” rating, while 2 recommend “Hold”. The lowest target is $8.5 while the high is $11.0. The stock’s average target of $9.75 is 191.92% above today’s ($3.34) share price. JCP was included in 6 notes of analysts from September 30, 2016. The stock of J. C. Penney Company, Inc. (NYSE:JCP) earned “Positive” rating by Susquehanna on Friday, February 10. On Friday, September 30 the stock rating was initiated by Guggenheim with “Neutral”. The stock has “Equal-Weight” rating by Morgan Stanley on Monday, February 13. On Wednesday, January 18 the stock rating was downgraded by Credit Suisse to “Underperform”. The stock has “Buy” rating by Bank of America on Friday, December 2. The firm has “Outperform” rating given on Monday, January 9 by Telsey Advisory.

The stock increased 1.21% or $0.04 during the last trading session, reaching $3.34. About 11.44M shares traded. J. C. Penney Company, Inc. (JCP) has declined 40.00% since December 7, 2016 and is downtrending. It has underperformed by 56.70% the S&P500.

Stoneridge Investment Partners Llc decreased Bgc Partners Inc (NASDAQ:BGCP) stake by 98,545 shares to 71,894 valued at $909,000 in 2017Q2. It also reduced Csra Inc stake by 17,182 shares and now owns 166,614 shares. Encore Capital Group Inc (NASDAQ:ECPG) was reduced too.

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