Profund Advisors LLC raised its position in shares of Cheetah Mobile Inc (NYSE:CMCM) by 518.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 85,598 shares of the software maker’s stock after acquiring an additional 71,760 shares during the quarter. Profund Advisors LLC owned approximately 0.06% of Cheetah Mobile worth $1,034,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Advisors Preferred LLC purchased a new position in shares of Cheetah Mobile during the fourth quarter valued at approximately $108,000. Smith Asset Management Group LP purchased a new position in Cheetah Mobile in the 4th quarter worth approximately $220,000. Acadian Asset Management LLC purchased a new position in Cheetah Mobile in the 4th quarter worth approximately $752,000. Finally, BlackRock Inc. raised its holdings in Cheetah Mobile by 46.1% in the 4th quarter. BlackRock Inc. now owns 712,575 shares of the software maker’s stock worth $8,608,000 after acquiring an additional 224,853 shares during the last quarter. 5.87% of the stock is currently owned by institutional investors and hedge funds.
CMCM has been the subject of a number of recent research reports. TheStreet raised shares of Cheetah Mobile from a “c+” rating to a “b-” rating in a research report on Thursday, January 18th. Credit Suisse Group set a $13.00 target price on shares of Cheetah Mobile and gave the stock a “hold” rating in a report on Monday, March 19th. Finally, Macquarie downgraded shares of Cheetah Mobile from a “neutral” rating to an “underperform” rating in a report on Tuesday, March 13th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $12.25.
Shares of CMCM stock opened at $13.37 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.85 and a current ratio of 2.49. Cheetah Mobile Inc has a one year low of $7.54 and a one year high of $18.18. The stock has a market capitalization of $1,864.36, a price-to-earnings ratio of 9.14 and a beta of 3.46.
Cheetah Mobile (NYSE:CMCM) last released its quarterly earnings data on Monday, March 19th. The software maker reported $1.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.91. Cheetah Mobile had a net margin of 27.66% and a return on equity of 37.29%. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period last year, the firm earned $0.80 earnings per share. The company’s quarterly revenue was up 8.9% on a year-over-year basis.
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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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