PCM Inc (NASDAQ:PCMI) Stake Decreased by Royce & Associates LP

Royce & Associates LP lessened its stake in PCM Inc (NASDAQ:PCMI) by 25.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 234,727 shares of the specialty retailer’s stock after selling 79,252 shares during the quarter. Royce & Associates LP owned approximately 1.99% of PCM worth $3,286,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its holdings in shares of PCM by 5.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,051,553 shares of the specialty retailer’s stock worth $19,717,000 after buying an additional 51,247 shares in the last quarter. Numeric Investors LLC lifted its holdings in shares of PCM by 8.8% in the second quarter. Numeric Investors LLC now owns 699,998 shares of the specialty retailer’s stock worth $13,125,000 after buying an additional 56,553 shares in the last quarter. Paradigm Capital Management Inc. NY lifted its holdings in shares of PCM by 370.9% in the second quarter. Paradigm Capital Management Inc. NY now owns 687,500 shares of the specialty retailer’s stock worth $12,890,000 after buying an additional 541,500 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of PCM by 17.8% in the second quarter. Vanguard Group Inc. now owns 329,136 shares of the specialty retailer’s stock worth $6,172,000 after buying an additional 49,694 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC lifted its holdings in shares of PCM by 16.0% in the second quarter. Pacific Ridge Capital Partners LLC now owns 258,057 shares of the specialty retailer’s stock worth $4,839,000 after buying an additional 35,530 shares in the last quarter. 56.18% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently commented on PCMI shares. Zacks Investment Research raised shares of PCM from a “strong sell” rating to a “hold” rating in a report on Wednesday. B. Riley set a $20.00 price target on shares of PCM and gave the company a “buy” rating in a research note on Thursday, January 4th. Roth Capital decreased their price target on shares of PCM from $28.00 to $18.50 and set a “buy” rating on the stock in a research note on Tuesday, November 7th. TheStreet downgraded shares of PCM from a “b-” rating to a “c” rating in a research note on Monday, November 6th. Finally, ValuEngine downgraded shares of PCM from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. PCM currently has a consensus rating of “Hold” and a consensus price target of $18.73.

Shares of PCM Inc (NASDAQ PCMI) remained flat at $$8.85 on Thursday. 182,843 shares of the company’s stock traded hands, compared to its average volume of 116,780. PCM Inc has a 12-month low of $8.80 and a 12-month high of $31.20. The firm has a market cap of $104.85, a PE ratio of 11.35, a P/E/G ratio of 0.18 and a beta of 0.79. The company has a quick ratio of 0.85, a current ratio of 1.00 and a debt-to-equity ratio of 0.26.

PCM (NASDAQ:PCMI) last announced its earnings results on Monday, November 6th. The specialty retailer reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.23). PCM had a net margin of 0.47% and a return on equity of 14.90%. The firm had revenue of $545.50 million during the quarter, compared to analysts’ expectations of $596.17 million. PCM’s quarterly revenue was down 6.7% compared to the same quarter last year. analysts expect that PCM Inc will post 1.49 earnings per share for the current fiscal year.

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PCM Company Profile

PCM, Inc is a multi-vendor provider of technology solutions, including hardware products, software and services, offered through its dedicated sales force, field and internal service teams, direct marketing channels, and owned and operated data centers. The Company’s segments include Commercial, Public Sector, Canada and United Kingdom.

Institutional Ownership by Quarter for PCM (NASDAQ:PCMI)

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