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Pomelo Capital Trimmed Its Stake in Penney J C (Call) (JCP) by $1.64 Million; As Companhia De Saneamento Basi (SBS) Stock Rose, Windacre Partnership Raised by $18.80 Million Its Holding

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

Philip Rosenstrach decreased its stake in Penney J C Inc (Call) (JCP) by 75.17% based on its latest 2017Q4 regulatory filing with the SEC. Pomelo Capital Llc sold 545,000 shares as the company’s stock declined 7.64% with the market. The hedge fund run by Philip Rosenstrach held 180,000 shares of the consumer services company at the end of 2017Q4, valued at $686,000, down from 725,000 at the end of the previous reported quarter. Pomelo Capital Llc who had been investing in Penney J C Inc (Call) for a number of months, seems to be less bullish one the $831.44M market cap company. The stock decreased 1.49% or $0.04 during the last trading session, reaching $2.65. About 10.16 million shares traded. J. C. Penney Company, Inc. (NYSE:JCP) has declined 48.12% since May 18, 2017 and is downtrending. It has underperformed by 59.67% the S&P500.

Windacre Partnership Llc increased its stake in Companhia De Saneamento Basi (SBS) by 15.03% based on its latest 2017Q4 regulatory filing with the SEC. Windacre Partnership Llc bought 1.88 million shares as the company’s stock rose 3.53% while stock markets declined. The institutional investor held 14.39M shares of the water supply company at the end of 2017Q4, valued at $150.37M, up from 12.51 million at the end of the previous reported quarter. Windacre Partnership Llc who had been investing in Companhia De Saneamento Basi for a number of months, seems to be bullish on the $4.95 billion market cap company. The stock decreased 4.83% or $0.36 during the last trading session, reaching $7.1. About 1.29M shares traded. Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) has risen 9.10% since May 18, 2017 and is uptrending. It has underperformed by 2.45% the S&P500.

Among 5 analysts covering Basic Sanitation Company of the State of Sao Paulo (NYSE:SBS), 2 have Buy rating, 1 Sell and 2 Hold. Therefore 40% are positive. Basic Sanitation Company of the State of Sao Paulo had 8 analyst reports since February 21, 2017 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, November 22 by HSBC. The rating was upgraded by JP Morgan on Monday, November 27 to “Overweight”. The firm has “Neutral” rating given on Tuesday, February 21 by Citigroup. The firm earned “Buy” rating on Monday, November 27 by J.P. Morgan. As per Monday, March 12, the company rating was downgraded by Janney Capital. The stock of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) has “Sell” rating given on Thursday, April 20 by Citigroup. The stock of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) earned “Hold” rating by J.P. Morgan on Wednesday, April 4. On Monday, August 14 the stock rating was downgraded by Citigroup to “Sell”.

More news for Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) were recently published by: 247Wallst.com, which released: “Xerox, Tata Motors Drop into Monday’s 52-Week Low Club” on May 14, 2018. 247Wallst.com‘s article titled: “Top Analyst Upgrades and Downgrades: Aimmune, Anadarko, Carrizo, Mastercard, PayPal, Spotify, Visa and More” and published on May 18, 2018 is yet another important article.

More notable recent J. C. Penney Company, Inc. (NYSE:JCP) news were published by: Benzinga.com which released: “Market Appears Directionless Amid Geopolitical, Retail, Housing News” on May 16, 2018, also Nasdaq.com with their article: “5 Top Stock Trades for Friday Morning” published on May 18, 2018, Streetinsider.com published: “JC Penney (JCP), Nordstrom (JWN), Others on Watch After Macy’s (M) Q1 Comps Tops Consensus at 4.2% vs 1%” on May 16, 2018. More interesting news about J. C. Penney Company, Inc. (NYSE:JCP) were released by: Seekingalpha.com and their article: “JC Penney: What An Unpleasant Quarter” published on May 17, 2018 as well as Seekingalpha.com‘s news article titled: “JC Penney: How The Tide Can Change” with publication date: May 10, 2018.

Investors sentiment decreased to 0.82 in Q4 2017. Its down 0.37, from 1.19 in 2017Q3. It turned negative, as 47 investors sold JCP shares while 68 reduced holdings. 39 funds opened positions while 55 raised stakes. 209.82 million shares or 5.58% less from 222.21 million shares in 2017Q3 were reported. Ftb Advsr Inc invested 0% in J. C. Penney Company, Inc. (NYSE:JCP). Tudor Inv Corporation Et Al owns 167,653 shares. 232,349 were accumulated by Nomura. Hbk Investments Limited Partnership invested in 874,927 shares or 0.03% of the stock. Credit Suisse Ag holds 0% or 520,255 shares in its portfolio. Marathon Trading Investment Limited Liability Company holds 20,682 shares or 0% of its portfolio. Meyer Handelman Company holds 27,192 shares. Css Limited Liability Il holds 17,000 shares or 0% of its portfolio. Financial Architects Incorporated has invested 0.05% of its portfolio in J. C. Penney Company, Inc. (NYSE:JCP). Wells Fargo Mn accumulated 0% or 1.38 million shares. Huntington Savings Bank invested in 0% or 1,638 shares. The Massachusetts-based Geode Cap Management Lc has invested 0% in J. C. Penney Company, Inc. (NYSE:JCP). Cqs Cayman Lp invested in 250,000 shares. Ubs Asset Americas owns 0% invested in J. C. Penney Company, Inc. (NYSE:JCP) for 231,747 shares. Alphamark Advisors Ltd Liability Corporation has invested 0% in J. C. Penney Company, Inc. (NYSE:JCP).

Pomelo Capital Llc, which manages about $366.34M and $3.37B US Long portfolio, upped its stake in Weight Watchers Intl Inc New (Put) (NYSE:WTW) by 84,000 shares to 1.43M shares, valued at $63.24 million in 2017Q4, according to the filing. It also increased its holding in Navistar Intl Corp New (Prn) by 2.50M shares in the quarter, for a total of 26.50 million shares, and has risen its stake in Brookdale Sr Living Inc (Put) (NYSE:BKD).

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 85 analyst reports since July 22, 2015 according to SRatingsIntel. The company was downgraded on Friday, October 27 by Atlantic Securities. Citigroup maintained it with “Neutral” rating and $8 target in Monday, May 16 report. The stock has “Neutral” rating by Buckingham Research on Monday, May 15. The company was maintained on Thursday, September 14 by Piper Jaffray. As per Friday, November 10, the company rating was maintained by Cowen & Co. The firm has “Hold” rating by Jefferies given on Friday, August 11. The rating was maintained by B. Riley & Co on Monday, October 30 with “Neutral”. Cowen & Co initiated it with “Market Perform” rating and $8 target in Monday, February 22 report. Jefferies maintained the stock with “Hold” rating in Friday, April 7 report. Jefferies upgraded the shares of JCP in report on Monday, May 15 to “Hold” rating.

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

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