Shares of Cheetah Mobile Inc (NYSE:CMCM) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $5.18 and last traded at $5.20, with a volume of 4427 shares trading hands. The stock had previously closed at $5.51.
Several analysts have recently issued reports on CMCM shares. Nomura reiterated a “neutral” rating and issued a $7.01 price objective (down from $12.00) on shares of Cheetah Mobile in a research note on Tuesday, March 26th. Macquarie set a $6.00 price objective on Cheetah Mobile and gave the company a “sell” rating in a research note on Tuesday, March 26th.
The company has a market cap of $791.42 million, a PE ratio of 4.59 and a beta of 2.30.
A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its holdings in shares of Cheetah Mobile by 1,581.2% during the third quarter. BlackRock Inc. now owns 126,779 shares of the software maker’s stock worth $1,247,000 after purchasing an additional 119,238 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Cheetah Mobile by 12.1% during the third quarter. Dimensional Fund Advisors LP now owns 394,084 shares of the software maker’s stock worth $3,873,000 after buying an additional 42,557 shares during the last quarter. Morgan Stanley grew its holdings in shares of Cheetah Mobile by 131.8% during the third quarter. Morgan Stanley now owns 573,398 shares of the software maker’s stock worth $5,637,000 after buying an additional 326,033 shares during the last quarter. Financial Architects Inc grew its holdings in shares of Cheetah Mobile by 63.2% during the fourth quarter. Financial Architects Inc now owns 4,388 shares of the software maker’s stock worth $27,000 after buying an additional 1,700 shares during the last quarter. Finally, ETF Managers Group LLC grew its holdings in shares of Cheetah Mobile by 1.8% during the fourth quarter. ETF Managers Group LLC now owns 130,356 shares of the software maker’s stock worth $796,000 after buying an additional 2,330 shares during the last quarter. Institutional investors own 5.86% of the company’s stock.
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Cheetah Mobile Company Profile (NYSE:CMCM)
Cheetah Mobile Inc operates as a mobile Internet company worldwide. The company's utility products include Clean Master, a junk file cleaning, memory boosting, and privacy protection tool for mobile devices; Security Master, an anti-virus and security application for mobile devices; Battery Doctor, a power optimization tool for mobile devices; Cheetah Browser, a Web browser for PCs and mobile devices; CM Browser, a mobile browser to protect users from malicious threats; and CM Launcher, which provides personalized experience in using smart phones.
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