Rhumbline Advisers Invests $142,000 in PCM, Inc. (PCMI) Stock

Rhumbline Advisers acquired a new stake in PCM, Inc. (NASDAQ:PCMI) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,135 shares of the specialty retailer’s stock, valued at approximately $142,000. Rhumbline Advisers owned 0.08% of PCM as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in PCM by 4.3% during the first quarter. Vanguard Group Inc. now owns 279,442 shares of the specialty retailer’s stock valued at $7,839,000 after acquiring an additional 11,599 shares during the last quarter. Geode Capital Management LLC boosted its position in PCM by 2.3% during the first quarter. Geode Capital Management LLC now owns 48,881 shares of the specialty retailer’s stock valued at $1,370,000 after acquiring an additional 1,093 shares during the last quarter. Morgan Stanley boosted its position in PCM by 120.1% during the first quarter. Morgan Stanley now owns 109,296 shares of the specialty retailer’s stock valued at $3,066,000 after acquiring an additional 59,646 shares during the last quarter. Bank of America Corp DE boosted its position in PCM by 42.4% during the first quarter. Bank of America Corp DE now owns 15,249 shares of the specialty retailer’s stock valued at $428,000 after acquiring an additional 4,542 shares during the last quarter. Finally, Bank of Montreal Can boosted its position in PCM by 67.5% during the second quarter. Bank of Montreal Can now owns 11,076 shares of the specialty retailer’s stock valued at $208,000 after acquiring an additional 4,464 shares during the last quarter. Institutional investors and hedge funds own 56.18% of the company’s stock.

PCMI has been the topic of a number of research analyst reports. Roth Capital cut their price target on shares of PCM from $28.00 to $18.50 and set a “buy” rating on the stock in a research report on Tuesday, November 7th. TheStreet cut shares of PCM from a “b-” rating to a “c” rating in a research report on Monday, November 6th. ValuEngine cut shares of PCM from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research cut shares of PCM from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 11th. Finally, B. Riley reissued a “buy” rating and set a $20.00 price objective (down previously from $33.00) on shares of PCM in a research report on Tuesday, November 7th. Two investment analysts have rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $18.73.

PCM, Inc. (PCMI) opened at $9.85 on Friday. The stock has a market cap of $116.04, a PE ratio of 6.34, a PEG ratio of 0.22 and a beta of 0.79. The company has a current ratio of 1.00, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26. PCM, Inc. has a 1 year low of $9.40 and a 1 year high of $31.20.

PCM (NASDAQ:PCMI) last released its quarterly earnings data on Monday, November 6th. The specialty retailer reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.23). The company had revenue of $545.50 million for the quarter, compared to the consensus estimate of $596.17 million. PCM had a return on equity of 14.90% and a net margin of 0.47%. PCM’s revenue was down 6.7% on a year-over-year basis. research analysts forecast that PCM, Inc. will post 1.49 earnings per share for the current fiscal year.

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PCM Profile

PCM, Inc is a multi-vendor provider of technology solutions, including hardware products, software and services, offered through its dedicated sales force, field and internal service teams, direct marketing channels, and owned and operated data centers. The Company’s segments include Commercial, Public Sector, Canada and United Kingdom.

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Institutional Ownership by Quarter for PCM (NASDAQ:PCMI)

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