Zacks Investment Research Downgrades PCM (PCMI) to Sell

PCM (NASDAQ:PCMI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

According to Zacks, “PCM Inc. is a technology solutions provider to businesses, government and educational institutions and individual consumers. The Company’s operating segments consists of Commercial, Public Sector and MacMall. It offers technology products and solutions as well as consumer electronics equipment and other consumer products. PCM Inc., formerly known as PC Mall, Inc., is headquartered in El Segundo, California. “

A number of other equities analysts have also recently issued reports on PCMI. B. Riley restated a “buy” rating and issued a $20.00 price objective (down previously from $33.00) on shares of PCM in a research report on Tuesday, November 7th. Roth Capital decreased their price objective on shares of PCM from $28.00 to $18.50 and set a “buy” rating on the stock in a research report on Tuesday, November 7th. TheStreet cut shares of PCM from a “b-” rating to a “c” rating in a research report on Monday, November 6th. Finally, ValuEngine cut shares of PCM from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $18.73.

Shares of PCM (NASDAQ PCMI) opened at $8.20 on Wednesday. PCM has a one year low of $7.51 and a one year high of $31.20. The firm has a market cap of $95.42, a price-to-earnings ratio of 5.29, a price-to-earnings-growth ratio of 0.15 and a beta of 0.61. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.00 and a quick ratio of 0.85.

Several hedge funds have recently added to or reduced their stakes in the business. Municipal Employees Retirement System of Michigan increased its position in shares of PCM by 38.0% in the fourth quarter. Municipal Employees Retirement System of Michigan now owns 113,690 shares of the specialty retailer’s stock valued at $1,126,000 after acquiring an additional 31,330 shares during the period. Two Sigma Investments LP increased its position in shares of PCM by 103.7% in the fourth quarter. Two Sigma Investments LP now owns 73,519 shares of the specialty retailer’s stock valued at $728,000 after acquiring an additional 37,419 shares during the period. Kestrel Investment Management Corp increased its position in shares of PCM by 1,232.8% in the fourth quarter. Kestrel Investment Management Corp now owns 199,925 shares of the specialty retailer’s stock valued at $1,979,000 after acquiring an additional 184,925 shares during the period. Weber Alan W increased its position in shares of PCM by 415.4% in the fourth quarter. Weber Alan W now owns 493,219 shares of the specialty retailer’s stock valued at $4,883,000 after acquiring an additional 397,519 shares during the period. Finally, Pacific Ridge Capital Partners LLC increased its position in shares of PCM by 39.6% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 398,597 shares of the specialty retailer’s stock valued at $3,946,000 after acquiring an additional 113,040 shares during the period. Hedge funds and other institutional investors own 54.51% of the company’s stock.

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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.

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