Norris Perne & French Llp Lowered Its Holding in Beacon Roofing Supply (BECN) by $3.21 Million as Stock Price Rose; As Penney J C Com (JCP) Share Value Rose, Pinebridge Investments LP Has Trimmed Stake

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

Pinebridge Investments Lp decreased its stake in Penney J C Inc Com (JCP) by 89.99% based on its latest 2018Q4 regulatory filing with the SEC. Pinebridge Investments Lp sold 449,380 shares as the company’s stock rose 6.08% with the market. The hedge fund held 49,970 shares of the consumer services company at the end of 2018Q4, valued at $52,000, down from 499,350 at the end of the previous reported quarter. Pinebridge Investments Lp who had been investing in Penney J C Inc Com for a number of months, seems to be less bullish one the $392.30 million market cap company. The stock decreased 1.59% or $0.02 during the last trading session, reaching $1.24. About 8.29 million shares traded. J. C. Penney Company, Inc. (NYSE:JCP) has declined 59.95% since May 16, 2018 and is downtrending. It has underperformed by 64.32% the S&P500. Some Historical JCP News: 30/04/2018 – Lionel Richie is working with J.C. Penney on an exclusive home brand; 08/03/2018 – J.C. Penney Note Offer of 8.625% Notes Upsized From $350; 22/05/2018 – J C PENNEY COMPANY INC JCP.N SAYS RON TYSOE APPOINTED CHAIRMAN OF THE BOARD; 08/05/2018 – Fitness- and health-focused businesses are filling the void as retailers like Sears, J.C. Penney, Toys R Us and Subway shutter locations; 23/05/2018 – S&PGR: Lowered the Corporate Credit Rating on JCP to ‘B’ From ‘B+’; 23/04/2018 – DJ J C Penney Company Inc, Inst Holders, 1Q 2018 (JCP); 22/05/2018 – J.C. Penney Ellison Will Step Down Immediately as Chairman, Remain a director and CEO Through June 1; 17/05/2018 – J.C. Penney 1Q Loss/Shr 25c; 26/03/2018 – JCP Investment Expresses Concerns Regarding Crius’ Underperformance; 12/04/2018 – Moody’s Affirms Seven Classes of MSBAM 2016-C29

Norris Perne & French Llp decreased its stake in Beacon Roofing Supply (BECN) by 39.3% based on its latest 2018Q4 regulatory filing with the SEC. Norris Perne & French Llp sold 103,656 shares as the company’s stock rose 7.73% with the market. The institutional investor held 160,088 shares of the consumer services company at the end of 2018Q4, valued at $5.08M, down from 263,744 at the end of the previous reported quarter. Norris Perne & French Llp who had been investing in Beacon Roofing Supply for a number of months, seems to be less bullish one the $2.61 billion market cap company. The stock decreased 0.31% or $0.12 during the last trading session, reaching $38.15. About 375,632 shares traded. Beacon Roofing Supply, Inc. (NASDAQ:BECN) has declined 28.66% since May 16, 2018 and is downtrending. It has underperformed by 33.03% the S&P500. Some Historical BECN News: 12/03/2018 Beacon Roofing at Company Marketing Hosted By Stephens Inc; 08/05/2018 – BEACON ROOFING 2Q ADJ LOSS/SHR 35C, EST. LOSS/SHR 9.0C; 27/03/2018 – Beacon Roofing at Non-Deal Roadshow Hosted By SunTrust Today; 06/04/2018 – Beacon Roofing Closes Below 200-Day Moving Average: Technicals; 01/05/2018 – BEACON ROOFING SUPPLY ACQUIRES TRI-STATE BUILDER’S SUPPLY; 20/03/2018 – Beacon Roofing Non-Deal Roadshow Set By SunTrust for Mar. 27

Investors sentiment decreased to 0.85 in Q4 2018. Its down 0.06, from 0.91 in 2018Q3. It dived, as 23 investors sold JCP shares while 64 reduced holdings. 31 funds opened positions while 43 raised stakes. 204.04 million shares or 1.07% less from 206.25 million shares in 2018Q3 were reported. Advisory Lc has 0% invested in J. C. Penney Company, Inc. (NYSE:JCP) for 1,404 shares. Regions Fincl Corporation owns 35 shares or 0% of their US portfolio. Australia-based Macquarie Gp has invested 0% in J. C. Penney Company, Inc. (NYSE:JCP). Meyer Handelman Co holds 25,692 shares or 0% of its portfolio. The Wisconsin-based Convergence Investment Ptnrs Ltd Limited Liability Company has invested 0% in J. C. Penney Company, Inc. (NYSE:JCP). Patten Patten Incorporated Tn holds 0% or 18,700 shares. Moreover, Profund Advsrs Ltd Liability Com has 0% invested in J. C. Penney Company, Inc. (NYSE:JCP). Veritable Ltd Partnership, Pennsylvania-based fund reported 20,001 shares. Morgan Stanley has 2.80M shares. Thrivent For Lutherans owns 227,144 shares or 0% of their US portfolio. Tiaa Cref Inv Mngmt Limited Liability Com holds 0% of its portfolio in J. C. Penney Company, Inc. (NYSE:JCP) for 651,288 shares. The Massachusetts-based Geode Cap Mgmt Llc has invested 0% in J. C. Penney Company, Inc. (NYSE:JCP). 292,935 were accumulated by Laurion Capital Management Limited Partnership. Oz Management Lp has invested 0.01% in J. C. Penney Company, Inc. (NYSE:JCP). State Of Alaska Department Of Revenue reported 105,075 shares.

Pinebridge Investments Lp, which manages about $38.23B and $4.49B US Long portfolio, upped its stake in Accenture Plc Ireland Shs Class A (NYSE:ACN) by 60,690 shares to 165,799 shares, valued at $23.38M in 2018Q4, according to the filing. It also increased its holding in Itau Unibanco Hldg Sa Spon Adr Rep Pfd (NYSE:ITUB) by 2.08 million shares in the quarter, for a total of 3.08M shares, and has risen its stake in Southern Co Com (NYSE:SO).

Analysts await J. C. Penney Company, Inc. (NYSE:JCP) to report earnings on May, 21 before the open. They expect $-0.39 EPS, down 77.27% or $0.17 from last year’s $-0.22 per share. After $0.18 actual EPS reported by J. C. Penney Company, Inc. for the previous quarter, Wall Street now forecasts -316.67% negative EPS growth.

More notable recent J. C. Penney Company, Inc. (NYSE:JCP) news were published by: Globenewswire.com which released: “JCPenney Reports Fourth Quarter and Fiscal 2018 Earnings – GlobeNewswire” on February 28, 2019, also Fool.com with their article: “Is There Any Hope for J.C. Penney? – The Motley Fool” published on January 03, 2019, Investorplace.com published: “Like Its Stores, JCPenney Stock May Simply Be Too Far Gone to Salvage – Investorplace.com” on March 13, 2019. More interesting news about J. C. Penney Company, Inc. (NYSE:JCP) were released by: Seekingalpha.com and their article: “J.C. Penney Turns Back The Clock – Seeking Alpha” published on February 10, 2019 as well as Seekingalpha.com‘s news article titled: “J.C. Penney’s Turnaround Story Appears Bleak – Seeking Alpha” with publication date: June 14, 2018.

More notable recent Beacon Roofing Supply, Inc. (NASDAQ:BECN) news were published by: 247Wallst.com which released: “Beacon Roofing Gets Blown Away by Earnings and Analysts – 24/7 Wall St.” on August 08, 2018, also Seekingalpha.com with their article: “Beacon Roofing: Are Insiders Right On This Housing Play? – Seeking Alpha” published on January 17, 2019, Nasdaq.com published: “BECN vs. FAST: Which Stock Is the Better Value Option? – Nasdaq” on February 21, 2019. More interesting news about Beacon Roofing Supply, Inc. (NASDAQ:BECN) were released by: Benzinga.com and their article: “Earnings Scheduled For May 7, 2019 – Benzinga” published on May 07, 2019 as well as Seekingalpha.com‘s news article titled: “Beacon Roofing Supply: A Value Gem With Upside Catalysts – Seeking Alpha” with publication date: September 24, 2018.

Norris Perne & French Llp, which manages about $1.06 billion and $639.60M US Long portfolio, upped its stake in Knight Transportation Inc by 56,952 shares to 409,742 shares, valued at $10.27M in 2018Q4, according to the filing. It also increased its holding in Activision Inc (NASDAQ:ATVI) by 85,850 shares in the quarter, for a total of 220,063 shares, and has risen its stake in Becton Dickinson & Co Com (NYSE:BDX).

Beacon Roofing Supply, Inc. (NASDAQ:BECN) Institutional Positions Chart

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