GSA Capital Partners LLP Acquires New Stake in Cheetah Mobile Inc (CMCM)

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GSA Capital Partners LLP acquired a new stake in shares of Cheetah Mobile Inc (NYSE:CMCM) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 114,700 shares of the software maker’s stock, valued at approximately $1,097,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Barclays PLC lifted its position in Cheetah Mobile by 139,084.5% during the first quarter. Barclays PLC now owns 135,009 shares of the software maker’s stock valued at $1,805,000 after purchasing an additional 134,912 shares during the last quarter. Guggenheim Capital LLC lifted its holdings in shares of Cheetah Mobile by 7.3% in the 1st quarter. Guggenheim Capital LLC now owns 131,750 shares of the software maker’s stock worth $1,761,000 after acquiring an additional 8,936 shares during the last quarter. ETF Managers Group LLC lifted its holdings in shares of Cheetah Mobile by 65.4% in the 1st quarter. ETF Managers Group LLC now owns 93,401 shares of the software maker’s stock worth $1,179,000 after acquiring an additional 36,924 shares during the last quarter. Wells Fargo & Company MN bought a new stake in shares of Cheetah Mobile in the 1st quarter worth about $1,197,000. Finally, Trexquant Investment LP bought a new stake in shares of Cheetah Mobile in the 1st quarter worth about $944,000. Institutional investors and hedge funds own 3.86% of the company’s stock.

Several equities research analysts have recently issued reports on CMCM shares. ValuEngine upgraded shares of Cheetah Mobile from a “hold” rating to a “buy” rating in a report on Tuesday, August 28th. Nomura upgraded shares of Cheetah Mobile from a “neutral” rating to a “buy” rating in a report on Monday, August 20th. Finally, TheStreet lowered shares of Cheetah Mobile from a “b-” rating to a “c” rating in a report on Friday, June 29th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $13.00.

Cheetah Mobile stock opened at $10.05 on Friday. The stock has a market capitalization of $1.46 billion, a PE ratio of 6.66 and a beta of 3.35. Cheetah Mobile Inc has a 12-month low of $7.38 and a 12-month high of $18.18.

Cheetah Mobile (NYSE:CMCM) last released its earnings results 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. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.07 billion. Cheetah Mobile had a net margin of 30.02% and a return on equity of 33.41%. The business’s revenue was down 8.2% on a year-over-year basis. During the same quarter last year, the business earned $0.64 EPS.

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.

Further Reading: Analyst Ratings

Want to see what other hedge funds are holding CMCM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cheetah Mobile Inc (NYSE:CMCM).

Institutional Ownership by Quarter for Cheetah Mobile (NYSE:CMCM)

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