Virtu Financial LLC bought a new stake in PCM Inc (NASDAQ:PCMI) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 20,382 shares of the specialty retailer’s stock, valued at approximately $398,000.

Several other large investors also recently added to or reduced their stakes in the stock. Weber Alan W increased its position in shares of PCM by 5.6% in the second quarter. Weber Alan W now owns 1,239,619 shares of the specialty retailer’s stock valued at $18,780,000 after acquiring an additional 65,500 shares during the last quarter. Royce & Associates LP increased its position in shares of PCM by 20.7% in the second quarter. Royce & Associates LP now owns 479,527 shares of the specialty retailer’s stock valued at $7,265,000 after acquiring an additional 82,300 shares during the last quarter. BlackRock Inc. increased its position in shares of PCM by 69.3% in the third quarter. BlackRock Inc. now owns 272,032 shares of the specialty retailer’s stock valued at $5,318,000 after acquiring an additional 111,375 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of PCM by 189.2% in the third quarter. Acadian Asset Management LLC now owns 118,932 shares of the specialty retailer’s stock valued at $2,326,000 after acquiring an additional 77,803 shares during the last quarter. Finally, Millennium Management LLC increased its position in shares of PCM by 322.5% in the second quarter. Millennium Management LLC now owns 87,190 shares of the specialty retailer’s stock valued at $1,321,000 after acquiring an additional 66,553 shares during the last quarter. 57.01% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have weighed in on PCMI shares. Zacks Investment Research raised PCM from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research report on Wednesday, October 24th. B. Riley boosted their price target on PCM from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, October 25th. Finally, BidaskClub downgraded PCM from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 7th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $20.67.

Shares of NASDAQ PCMI opened at $18.28 on Thursday. The company has a market cap of $219.45 million, a price-to-earnings ratio of 16.93, a price-to-earnings-growth ratio of 0.44 and a beta of 0.85. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 1.03. PCM Inc has a twelve month low of $6.90 and a twelve month high of $25.23.

PCM (NASDAQ:PCMI) last announced its quarterly earnings results on Wednesday, October 24th. The specialty retailer reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.11. The firm had revenue of $510.58 million for the quarter, compared to the consensus estimate of $555.46 million. PCM had a return on equity of 16.16% and a net margin of 0.65%. On average, analysts anticipate that PCM Inc will post 2.07 earnings per share for the current fiscal year.

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About PCM

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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