107,523 Shares in Cheetah Mobile Inc (CMCM) Acquired by Sensato Investors LLC
Sensato Investors LLC purchased a new position in shares of Cheetah Mobile Inc (NASDAQ:CMCM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 107,523 shares of the software maker’s stock, valued at approximately $1,159,000. Sensato Investors LLC owned 0.08% of Cheetah Mobile at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. UBS Asset Management Americas Inc. boosted its stake in shares of Cheetah Mobile by 1.0% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 1,492,000 shares of the software maker’s stock worth $16,084,000 after acquiring an additional 14,100 shares in the last quarter. FIL Ltd boosted its position in shares of Cheetah Mobile by 28.6% in the second quarter. FIL Ltd now owns 1,276,723 shares of the software maker’s stock worth $13,763,000 after buying an additional 283,802 shares during the period. TB Alternative Assets Ltd. boosted its position in shares of Cheetah Mobile by 313.9% in the second quarter. TB Alternative Assets Ltd. now owns 716,810 shares of the software maker’s stock worth $7,727,000 after buying an additional 543,610 shares during the period. Balyasny Asset Management LLC boosted its position in shares of Cheetah Mobile by 4,935.3% in the second quarter. Balyasny Asset Management LLC now owns 535,000 shares of the software maker’s stock worth $5,767,000 after buying an additional 524,375 shares during the period. Finally, Coatue Management LLC boosted its position in shares of Cheetah Mobile by 8.5% in the second quarter. Coatue Management LLC now owns 510,803 shares of the software maker’s stock worth $5,506,000 after buying an additional 40,000 shares during the period.
Cheetah Mobile Inc (CMCM) traded up 0.23% during midday trading on Friday, reaching $8.61. The company’s stock had a trading volume of 503,129 shares. Cheetah Mobile Inc has a 52 week low of $7.99 and a 52 week high of $13.79. The firm has a market cap of $1.20 billion and a P/E ratio of 36.33. The firm has a 50 day moving average price of $8.99 and a 200-day moving average price of $10.47.
Cheetah Mobile (NASDAQ:CMCM) last posted its quarterly earnings results on Tuesday, August 22nd. The software maker reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.06. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.19 billion. Cheetah Mobile had a net margin of 6.11% and a return on equity of 8.91%. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.44) earnings per share. On average, analysts forecast that Cheetah Mobile Inc will post $0.43 earnings per share for the current fiscal year.
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Several brokerages have recently commented on CMCM. BidaskClub raised Cheetah Mobile from a “hold” rating to a “buy” rating in a research report on Friday, August 18th. Zacks Investment Research cut Cheetah Mobile from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Instinet reissued a “neutral” rating and set a $12.00 price objective (up previously from $11.50) on shares of Cheetah Mobile in a research report on Wednesday, August 23rd. Nomura raised their target price on Cheetah Mobile from $11.50 to $12.00 and gave the company a “neutral” rating in a report on Wednesday, August 23rd. Finally, Credit Suisse Group began coverage on Cheetah Mobile in a report on Tuesday, October 3rd. They set a “neutral” rating and a $9.50 target price on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $11.38.
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.
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