Parametrica Management Ltd increased its holdings in shares of Cheetah Mobile Inc. (NYSE:CMCM) by 1,778.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 605,001 shares of the software maker’s stock after buying an additional 572,801 shares during the quarter. Cheetah Mobile comprises approximately 2.1% of Parametrica Management Ltd’s portfolio, making the stock its 9th biggest holding. Parametrica Management Ltd owned approximately 0.43% of Cheetah Mobile worth $5,088,000 as of its most recent SEC filing.
CMCM has been the topic of several recent analyst reports. Zacks Investment Research upgraded Cheetah Mobile from a “hold” rating to a “strong-buy” rating and set a $12.00 target price on the stock in a research report on Monday, August 28th. BidaskClub downgraded Cheetah Mobile from a “hold” rating to a “sell” rating in a research report on Friday, October 13th. Credit Suisse Group initiated coverage on Cheetah Mobile in a research note on Tuesday, October 3rd. They set a “neutral” rating and a $9.50 price target for the company. Nomura upped their price target on Cheetah Mobile from $11.50 to $12.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 23rd. Finally, Instinet restated a “neutral” rating and set a $12.00 price target (up from $11.50) on shares of Cheetah Mobile in a research note on Wednesday, August 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $11.38.
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Shares of Cheetah Mobile Inc. (NYSE:CMCM) opened at $11.40 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.89 and a current ratio of 1.89. Cheetah Mobile Inc. has a 12 month low of $7.54 and a 12 month high of $13.79. The company has a market capitalization of $1,637.42, a PE ratio of 51.82 and a beta of 3.01.
Cheetah Mobile (NYSE:CMCM) last posted its earnings results on Tuesday, August 22nd. The software maker reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.06. Cheetah Mobile had a return on equity of 6.79% and a net margin of 4.57%. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the firm earned ($0.44) earnings per share. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year.
Cheetah Mobile Company Profile
Cheetah Mobile Inc is a holding company. The Company and its consolidated subsidiaries, variable interest entities (VIEs) and a VIE’s subsidiary are engaged in the provision of online marketing services, Internet value-added services, and Internet security services and others. The Company operates a platform that offers mobile and personal computer (PC) applications for its users and global content promotional channels for its customers, both of which are powered by its cloud-based data analytics engines.
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