Virtu Financial LLC bought a new stake in PCM Inc (NASDAQ:PCMI) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 20,382 shares of the specialty retailer’s stock, valued at approximately $398,000. Virtu Financial LLC owned 0.17% of PCM as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Weber Alan W boosted its position in shares of PCM by 5.6% in the 2nd quarter. Weber Alan W now owns 1,239,619 shares of the specialty retailer’s stock worth $18,780,000 after purchasing an additional 65,500 shares during the last quarter. Royce & Associates LP boosted its position in shares of PCM by 20.7% in the 2nd quarter. Royce & Associates LP now owns 479,527 shares of the specialty retailer’s stock worth $7,265,000 after purchasing an additional 82,300 shares during the last quarter. BlackRock Inc. boosted its position in shares of PCM by 69.3% in the 3rd quarter. BlackRock Inc. now owns 272,032 shares of the specialty retailer’s stock worth $5,318,000 after purchasing an additional 111,375 shares during the last quarter. Acadian Asset Management LLC boosted its position in shares of PCM by 189.2% in the 3rd quarter. Acadian Asset Management LLC now owns 118,932 shares of the specialty retailer’s stock worth $2,326,000 after purchasing an additional 77,803 shares during the last quarter. Finally, Millennium Management LLC boosted its position in shares of PCM by 322.5% in the 2nd quarter. Millennium Management LLC now owns 87,190 shares of the specialty retailer’s stock worth $1,321,000 after purchasing an additional 66,553 shares during the last quarter. 57.01% of the stock is owned by institutional investors.
Several research analysts have weighed in on the company. Zacks Investment Research lowered PCM from a “buy” rating to a “hold” rating in a report on Thursday, October 25th. B. Riley lifted their target price on PCM from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, October 25th. Finally, BidaskClub lowered PCM from a “strong-buy” rating to a “buy” rating in a report on Friday, September 7th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $20.67.
PCMI stock opened at $18.28 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 1.03. The stock has a market cap of $219.45 million, a price-to-earnings ratio of 16.93, a price-to-earnings-growth ratio of 0.44 and a beta of 0.85. PCM Inc has a 1-year low of $6.90 and a 1-year high of $25.23.
PCM (NASDAQ:PCMI) last posted its earnings results on Wednesday, October 24th. The specialty retailer reported $0.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.11. The firm had revenue of $510.58 million for the quarter, compared to analyst estimates of $555.46 million. PCM had a return on equity of 16.16% and a net margin of 0.65%. Analysts predict that PCM Inc will post 2.07 earnings per share for the current year.
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PCM, Inc, through its subsidiaries, operates as a multi-vendor provider of technology products and solutions in the United States and the rest of Europe. The company operates through four segments: Commercial, Public Sector, Canada, and United Kingdom. It primarily sells device products, servers, storage products, network products, printers, and related accessories and devices.
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