Two Sigma Investments LP Sells 27,290 Shares of PCM Inc (NASDAQ:PCMI)

Two Sigma Investments LP lowered its position in PCM Inc (NASDAQ:PCMI) by 21.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 99,630 shares of the specialty retailer’s stock after selling 27,290 shares during the quarter. Two Sigma Investments LP owned about 0.82% of PCM worth $1,754,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Royce & Associates LP raised its holdings in shares of PCM by 16.1% during the 4th quarter. Royce & Associates LP now owns 547,908 shares of the specialty retailer’s stock valued at $9,649,000 after purchasing an additional 76,155 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of PCM by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 417,338 shares of the specialty retailer’s stock valued at $8,159,000 after purchasing an additional 8,590 shares in the last quarter. Vanguard Group Inc raised its holdings in shares of PCM by 2.1% during the 3rd quarter. Vanguard Group Inc now owns 417,338 shares of the specialty retailer’s stock valued at $8,159,000 after purchasing an additional 8,590 shares in the last quarter. BlackRock Inc. raised its holdings in shares of PCM by 69.3% during the 3rd quarter. BlackRock Inc. now owns 272,032 shares of the specialty retailer’s stock valued at $5,318,000 after purchasing an additional 111,375 shares in the last quarter. Finally, Morgan Stanley raised its holdings in shares of PCM by 216.6% during the 3rd quarter. Morgan Stanley now owns 227,305 shares of the specialty retailer’s stock valued at $4,444,000 after purchasing an additional 155,518 shares in the last quarter. Institutional investors own 56.28% of the company’s stock.

Shares of NASDAQ:PCMI traded up $0.05 on Wednesday, hitting $28.84. 151,248 shares of the company were exchanged, compared to its average volume of 197,970. PCM Inc has a one year low of $9.90 and a one year high of $39.69. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.92 and a current ratio of 1.04. The company has a market cap of $353.18 million, a price-to-earnings ratio of 13.23, a PEG ratio of 0.61 and a beta of 1.25.

PCM (NASDAQ:PCMI) last posted its quarterly earnings data on Wednesday, February 6th. The specialty retailer reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.09. PCM had a net margin of 1.05% and a return on equity of 18.78%. The company had revenue of $564.12 million for the quarter, compared to the consensus estimate of $511.56 million. Equities analysts predict that PCM Inc will post 2.4 EPS for the current year.

A number of research firms have recently weighed in on PCMI. BidaskClub downgraded shares of PCM from a “strong-buy” rating to a “buy” rating in a report on Tuesday, April 16th. Zacks Investment Research downgraded shares of PCM from a “buy” rating to a “hold” rating in a report on Wednesday, April 10th. B. Riley reiterated a “buy” rating on shares of PCM in a report on Tuesday, March 26th. TheStreet upgraded shares of PCM from a “c” rating to a “b-” rating in a report on Wednesday, February 6th. Finally, Roth Capital lifted their target price on shares of PCM from $24.20 to $29.60 and gave the stock a “buy” rating in a report on Thursday, February 7th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. PCM currently has an average rating of “Buy” and an average target price of $30.20.

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PCM Profile

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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Institutional Ownership by Quarter for PCM (NASDAQ:PCMI)

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