Stevens Capital Management LP acquired a new stake in shares of Cheetah Mobile Inc (NYSE:CMCM) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 15,554 shares of the software maker’s stock, valued at approximately $149,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CMCM. Sei Investments Co. purchased a new position in shares of Cheetah Mobile in the 1st quarter valued at about $113,000. TB Alternative Assets Ltd. purchased a new position in shares of Cheetah Mobile in the 2nd quarter valued at about $149,000. Global X Management Co. LLC purchased a new position in shares of Cheetah Mobile in the 1st quarter valued at about $189,000. BNP Paribas Arbitrage SA increased its stake in shares of Cheetah Mobile by 386.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 27,503 shares of the software maker’s stock valued at $368,000 after purchasing an additional 37,113 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of Cheetah Mobile by 17.4% in the 2nd quarter. Janney Montgomery Scott LLC now owns 59,302 shares of the software maker’s stock valued at $567,000 after purchasing an additional 8,780 shares in the last quarter. Institutional investors and hedge funds own 3.86% of the company’s stock.
CMCM stock opened at $10.13 on Thursday. Cheetah Mobile Inc has a 12-month low of $7.38 and a 12-month high of $18.18. The stock has a market capitalization of $1.44 billion, a P/E ratio of 6.58 and a beta of 3.35.
Cheetah Mobile (NYSE:CMCM) last posted its quarterly earnings data on Monday, August 20th. The software maker reported $1.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $1.30. Cheetah Mobile had a return on equity of 33.41% and a net margin of 30.02%. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the previous year, the firm posted $0.64 EPS. Cheetah Mobile’s revenue was down 8.2% compared to the same quarter last year.
Several equities analysts recently weighed in on CMCM shares. ValuEngine upgraded Cheetah Mobile from a “hold” rating to a “buy” rating in a research note on Wednesday, May 23rd. Nomura upgraded Cheetah Mobile from a “neutral” rating to a “buy” rating in a research note on Monday, August 20th. Finally, TheStreet lowered Cheetah Mobile from a “b-” rating to a “c” rating in a research note on Friday, June 29th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $13.00.
About Cheetah Mobile
Cheetah Mobile Inc operates as a mobile Internet company worldwide. The company's utility products include Clean Master, a junk file cleaning, memory boosting, and privacy protection tool for mobile devices; Security Master, an anti-virus and security application for mobile devices; Battery Doctor, a power optimization tool for mobile devices; Cheetah Browser, a Web browser for PCs and mobile devices; CM Browser, a mobile browser to protect users from malicious threats; and CM Launcher, which provides personalized experience in using smart phones.
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