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Spark Investment Management Decreased Penney J C (JCP) Position By $5.73 Million; Interdigital (IDCC) Has 1.21 Sentiment

InterDigital, Inc. (NASDAQ:IDCC) Logo

Spark Investment Management Llc decreased Penney J C Inc (JCP) stake by 75.54% reported in 2018Q1 SEC filing. Spark Investment Management Llc sold 1.91M shares as Penney J C Inc (JCP)’s stock declined 44.71%. The Spark Investment Management Llc holds 618,900 shares with $1.87 million value, down from 2.53M last quarter. Penney J C Inc now has $839.16M valuation. The stock decreased 3.96% or $0.11 during the last trading session, reaching $2.67. About 20.29 million shares traded or 12.97% up from the average. J. C. Penney Company, Inc. (NYSE:JCP) has declined 50.64% since June 14, 2017 and is downtrending. It has underperformed by 63.21% the S&P500. Some Historical JCP News: ; 22/05/2018 – J.C. Penney Office of the CEO Will Comprise Four Leaders, Including CFO Jeff Davis and Chief Customer Officer Joe McFarland; 22/05/2018 – J.C. Penney’s Ellison ‘To Pursue Another Opportunity With Lowe’s Cos.’; 13/03/2018 – PHOENIX INVESTORS BUYS JCPENNEY DISTRIBUTION CENTER IN; 22/05/2018 – Marvin Ellison’s exit as CEO of J.C. Penney means the struggling department store chain can’t be turned around, according to @jimcramer; 08/03/2018 – J C PENNEY COMPANY INC – SIZE OF OFFERING REFLECTS AN INCREASE OF $50 MLN FROM PREVIOUSLY ANNOUNCED OFFERING SIZE OF $350 MLN; 22/05/2018 – J.C. Penney CEO Quits to Join Lowe’s — 3rd Update; 17/05/2018 – J C PENNEY COMPANY INC JCP.N FY SHR VIEW $0.16 — THOMSON REUTERS l/B/E/S; 23/05/2018 – S&PGR: Lowered the Corporate Credit Rating on JCP to ‘B’ From ‘B+’; 17/05/2018 – J C PENNEY COMPANY INC – 2018 COMPARABLE STORE SALES GROWTH EXPECTED TO REMAIN AT 0.0 % TO 2.0 %; 17/05/2018 – J.C. Penney 1Q Adj Loss/Shr 22c

Interdigital Inc (IDCC) investors sentiment increased to 1.21 in Q1 2018. It’s up 0.04, from 1.17 in 2017Q4. The ratio is positive, as 117 investment professionals opened new or increased stock positions, while 97 reduced and sold their equity positions in Interdigital Inc. The investment professionals in our database now have: 24.72 million shares, up from 24.33 million shares in 2017Q4. Also, the number of investment professionals holding Interdigital Inc in top ten stock positions was flat from 1 to 1 for the same number . Sold All: 21 Reduced: 76 Increased: 84 New Position: 33.

Permit Capital Llc holds 5.19% of its portfolio in InterDigital, Inc. for 127,000 shares. Goodman Financial Corp owns 83,995 shares or 2.91% of their US portfolio. Moreover, Smithbridge Asset Management Inc De has 1.95% invested in the company for 40,000 shares. The Connecticut-based Cardinal Capital Management Llc Ct has invested 1.89% in the stock. Freestone Capital Holdings Llc, a Washington-based fund reported 246,754 shares.

Analysts await InterDigital, Inc. (NASDAQ:IDCC) to report earnings on July, 26. They expect $0.28 earnings per share, down 80.82% or $1.18 from last year’s $1.46 per share. IDCC’s profit will be $9.73 million for 75.76 P/E if the $0.28 EPS becomes a reality. After $1.29 actual earnings per share reported by InterDigital, Inc. for the previous quarter, Wall Street now forecasts -78.29% negative EPS growth.

The stock increased 1.19% or $1 during the last trading session, reaching $84.85. About 133,209 shares traded. InterDigital, Inc. (IDCC) has declined 3.68% since June 14, 2017 and is downtrending. It has underperformed by 16.25% the S&P500. Some Historical IDCC News: ; 04/04/2018 – INTERDIGITAL & KYOCERA SIGN MULTI-YEAR PATENT LICENSE PACT; 05/03/2018 – lnterDigital Announces Conversion Rate Adjustment to and Convertibility of 1.50% Senior Convertible Notes Due 2020; 27/03/2018 – InterDigital at Company Marketing Hosted By FBR Today; 20/03/2018 – InterDigital Non-Deal Roadshow Scheduled By FBR for Mar. 27-28; 09/03/2018 – lnterDigital Board of Directors Declares Regular Quarterly Cash Dividend; 15/03/2018 – lnterDigital Congratulates Bristol on Smart City GLOMO Win; 26/04/2018 – InterDigital 1Q Rev $87.4M; 26/04/2018 – InterDigital Expects to Report a Negative Effective Tax Rate for the Full Yr; 17/05/2018 – HENRY TIRRI JOINS INTERDIGITAL AS CHIEF TECH OFFICER; 24/05/2018 – InterDigital Announces Webcast Details of Annual Meeting of Shareholders

Ratings analysis reveals 0 of Interdigital Comm’s analysts are positive. Out of 3 Wall Street analysts rating Interdigital Comm, 0 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. IDCC was included in 3 notes of analysts from September 9, 2016. The rating was maintained by Barclays Capital on Friday, September 9 with “Equal Weight”. Dougherty & Company downgraded the stock to “Neutral” rating in Wednesday, October 5 report. The company was downgraded on Wednesday, December 7 by Sidoti.

InterDigital, Inc. designs and develops technologies that enable and enhance wireless communications in the United States and internationally. The company has market cap of $2.95 billion. It offers technology solutions for use in digital cellular and wireless products and networks, including 2G, 3G, 4G, and IEEE 802-related products and networks. It has a 17.42 P/E ratio. The firm develops cellular technologies, such as technologies related to CDMA, TDMA, OFDM/OFDMA, and MIMO for use in 2G, 3G, and 4G wireless networks and mobile terminal devices; and other wireless technologies related to Wi-Fi, WLAN, WMAN, and WRAN.

More notable recent InterDigital, Inc. (NASDAQ:IDCC) news were published by: Seekingalpha.com which released: “InterDigital Inc. Is A Buy” on June 08, 2018, also Nasdaq.com with their article: “InterDigital works together with Mobile industry to deliver complete 5G system standard on time” published on June 14, 2018, Globenewswire.com published: “InterDigital Issues Revenue Guidance for Second Quarter 2018” on May 22, 2018. More interesting news about InterDigital, Inc. (NASDAQ:IDCC) were released by: Streetinsider.com and their article: “Roth Capital Starts InterDigital Inc. (IDCC) at Buy” published on June 12, 2018 as well as 247Wallst.com‘s news article titled: “Top Analyst Upgrades and Downgrades: Barrick Gold, Buckeye Partners, Interdigital, Penn Virginia, SeaWorld, Weight …” with publication date: June 12, 2018.

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 88 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Underperform” rating by Imperial Capital given on Thursday, August 27. The stock has “Reduce” rating by Gordon Haskett on Tuesday, May 9. The stock has “Buy” rating by Deutsche Bank on Monday, August 31. The rating was maintained by Sterne Agee CRT on Sunday, August 16 with “Hold”. On Wednesday, August 5 the stock rating was upgraded by Evercore to “Hold”. The stock of J. C. Penney Company, Inc. (NYSE:JCP) earned “Sell” rating by UBS on Monday, May 16. The rating was maintained by Morgan Stanley with “Underweight” on Thursday, August 18. Piper Jaffray maintained J. C. Penney Company, Inc. (NYSE:JCP) rating on Friday, August 11. Piper Jaffray has “Hold” rating and $400 target. The stock of J. C. Penney Company, Inc. (NYSE:JCP) earned “Buy” rating by Sterne Agee CRT on Monday, September 28. Citigroup downgraded J. C. Penney Company, Inc. (NYSE:JCP) on Monday, October 30 to “Sell” rating.

More notable recent J. C. Penney Company, Inc. (NYSE:JCP) news were published by: Fool.com which released: “Why JC Penney, KB Home, and Boston Scientific Slumped Today” on June 13, 2018, also Globenewswire.com with their article: “JCPenney Scores Big with Launch of Fanatics Shops” published on June 07, 2018, Seekingalpha.com published: “JC Penney: Which Recovery?” on May 18, 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 Fool.com‘s news article titled: “After CEO Jumps Ship, Can JC Penney Stay Afloat?” with publication date: May 30, 2018.

Investors sentiment increased to 1.28 in 2018 Q1. Its up 0.46, from 0.82 in 2017Q4. It increased, as 25 investors sold JCP shares while 62 reduced holdings. 44 funds opened positions while 67 raised stakes. 204.54 million shares or 2.52% less from 209.82 million shares in 2017Q4 were reported. Horrell Cap Management reported 29,505 shares. Hanson Mcclain owns 67 shares. Sei Invests holds 0% of its portfolio in J. C. Penney Company, Inc. (NYSE:JCP) for 850 shares. Moreover, Wexford Capital LP has 0.11% invested in J. C. Penney Company, Inc. (NYSE:JCP). Georgia-based Voya Invest Ltd Liability has invested 0% in J. C. Penney Company, Inc. (NYSE:JCP). Qs Invsts Lc owns 327 shares. Thrivent Financial For Lutherans reported 201,168 shares stake. Teachers Retirement System Of The State Of Kentucky reported 116,473 shares or 0% of all its holdings. Veritable Lp stated it has 20,001 shares. Natixis has 1.04 million shares. Coatue Mgmt has invested 0.01% in J. C. Penney Company, Inc. (NYSE:JCP). Goldman Sachs Group Inc Inc invested in 4.69 million shares or 0% of the stock. State Teachers Retirement owns 0% invested in J. C. Penney Company, Inc. (NYSE:JCP) for 381,139 shares. Dupont Cap Mgmt Corporation reported 0.01% of its portfolio in J. C. Penney Company, Inc. (NYSE:JCP). Jane Street Gru Limited Liability Company has invested 0% of its portfolio in J. C. Penney Company, Inc. (NYSE:JCP).

Spark Investment Management Llc increased Smart & Final Stores Inc (NYSE:SFS) stake by 74,100 shares to 238,500 valued at $1.32 million in 2018Q1. It also upped Valeant Pharmaceuticals Intl (NYSE:VRX) stake by 124,000 shares and now owns 163,000 shares. Aac Hldgs Inc (NYSE:AAC) was raised too.

Analysts await J. C. Penney Company, Inc. (NYSE:JCP) to report earnings on August, 10. They expect $-0.07 earnings per share, up 22.22% or $0.02 from last year’s $-0.09 per share. After $-0.22 actual earnings per share reported by J. C. Penney Company, Inc. for the previous quarter, Wall Street now forecasts -68.18% EPS growth.

InterDigital, Inc. (NASDAQ:IDCC) Institutional Positions Chart

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