Sensato Investors LLC boosted its stake in Cheetah Mobile Inc (NYSE:CMCM) by 119.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 81,784 shares of the software maker’s stock after purchasing an additional 44,561 shares during the quarter. Sensato Investors LLC’s holdings in Cheetah Mobile were worth $988,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Advisors Preferred LLC acquired a new stake in Cheetah Mobile in the fourth quarter worth $108,000. Smith Asset Management Group LP acquired a new stake in Cheetah Mobile in the fourth quarter worth $220,000. Acadian Asset Management LLC acquired a new stake in Cheetah Mobile in the fourth quarter worth $752,000. Profund Advisors LLC grew its holdings in Cheetah Mobile by 518.6% in the fourth quarter. Profund Advisors LLC now owns 85,598 shares of the software maker’s stock worth $1,034,000 after purchasing an additional 71,760 shares during the period. Finally, Guggenheim Capital LLC grew its holdings in Cheetah Mobile by 16.5% in the fourth quarter. Guggenheim Capital LLC now owns 122,814 shares of the software maker’s stock worth $1,483,000 after purchasing an additional 17,406 shares during the period. Institutional investors and hedge funds own 5.86% of the company’s stock.
A number of equities research analysts have commented on the stock. Macquarie cut shares of Cheetah Mobile from a “neutral” rating to an “underperform” rating in a report on Tuesday. Credit Suisse Group set a $11.00 price objective on shares of Cheetah Mobile and gave the company a “hold” rating in a report on Friday, November 24th. Finally, TheStreet upgraded shares of Cheetah Mobile from a “c+” rating to a “b-” rating in a report on Thursday, January 18th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a strong buy rating to the company. Cheetah Mobile presently has an average rating of “Hold” and a consensus price target of $11.75.
Cheetah Mobile Inc (NYSE CMCM) opened at $14.37 on Wednesday. The stock has a market cap of $2,161.68, a PE ratio of 41.81 and a beta of 3.51. Cheetah Mobile Inc has a twelve month low of $7.54 and a twelve month high of $18.18. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.02.
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Cheetah Mobile Company 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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