BNP Paribas Arbitrage SA Has $611,000 Holdings in Cheetah Mobile Inc (CMCM)

BNP Paribas Arbitrage SA trimmed its holdings in shares of Cheetah Mobile Inc (NASDAQ:CMCM) by 5.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,701 shares of the software maker’s stock after selling 2,966 shares during the period. BNP Paribas Arbitrage SA’s holdings in Cheetah Mobile were worth $611,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Alliancebernstein L.P. boosted its position in Cheetah Mobile by 6.3% during the first quarter. Alliancebernstein L.P. now owns 73,230 shares of the software maker’s stock valued at $786,000 after buying an additional 4,360 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Cheetah Mobile by 50.4% during the first quarter. Goldman Sachs Group Inc. now owns 16,591 shares of the software maker’s stock valued at $178,000 after acquiring an additional 5,560 shares during the last quarter. Credit Suisse AG bought a new position in shares of Cheetah Mobile during the first quarter valued at about $124,000. First Trust Advisors LP raised its stake in shares of Cheetah Mobile by 15.4% during the second quarter. First Trust Advisors LP now owns 149,508 shares of the software maker’s stock valued at $1,612,000 after acquiring an additional 19,926 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Cheetah Mobile during the first quarter valued at about $231,000.

ILLEGAL ACTIVITY WARNING: This piece of content was reported by Stock Observer and is the property of of Stock Observer. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US and international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.thestockobserver.com/2017/09/13/bnp-paribas-arbitrage-sa-has-611000-holdings-in-cheetah-mobile-inc-cmcm.html.

Cheetah Mobile Inc (NASDAQ CMCM) opened at 9.42 on Wednesday. The stock’s 50 day moving average is $10.47 and its 200 day moving average is $10.85. The company has a market capitalization of $1.31 billion and a P/E ratio of 40.26. Cheetah Mobile Inc has a 52 week low of $8.91 and a 52 week high of $13.79.

Cheetah Mobile (NASDAQ:CMCM) last released its earnings results on Tuesday, August 22nd. The software maker reported $0.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.06. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.19 billion. Cheetah Mobile had a return on equity of 8.91% and a net margin of 6.11%. The company’s revenue was up 14.8% on a year-over-year basis. During the same quarter last year, the firm posted ($0.44) EPS. On average, equities research analysts expect that Cheetah Mobile Inc will post $0.43 earnings per share for the current year.

Several equities analysts have recently commented on CMCM shares. BidaskClub raised shares of Cheetah Mobile from a “hold” rating to a “buy” rating in a research note on Friday, August 18th. Zacks Investment Research raised shares of Cheetah Mobile from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Tuesday, June 20th. TheStreet raised shares of Cheetah Mobile from a “d+” rating to a “c-” rating in a research note on Monday, May 22nd. Finally, Instinet reaffirmed a “neutral” rating and set a $12.00 price objective (up from $11.50) on shares of Cheetah Mobile in a research note on Wednesday, August 23rd. Three investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $12.00.

Cheetah Mobile 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.

Want to see what other hedge funds are holding CMCM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cheetah Mobile Inc (NASDAQ:CMCM).

Institutional Ownership by Quarter for Cheetah Mobile (NASDAQ:CMCM)

Receive News & Ratings for Cheetah Mobile Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cheetah Mobile Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply