Clearline Capital LP Trimmed Ncr Corp New (NCR) Position by $3.42 Million

August 9, 2018 - By Victoria Pittman

NCR Corporation (NYSE:NCR) Logo

Clearline Capital Lp decreased its stake in Ncr Corp New (NCR) by 37.01% based on its latest 2018Q1 regulatory filing with the SEC. Clearline Capital Lp sold 110,201 shares as the company’s stock declined 10.90% with the market. The hedge fund held 187,539 shares of the office equipment and supplies and services company at the end of 2018Q1, valued at $5.91M, down from 297,740 at the end of the previous reported quarter. Clearline Capital Lp who had been investing in Ncr Corp New for a number of months, seems to be less bullish one the $3.43B market cap company. The stock decreased 0.55% or $0.16 during the last trading session, reaching $29. About 790,851 shares traded. NCR Corporation (NYSE:NCR) has declined 27.27% since August 9, 2017 and is downtrending. It has underperformed by 39.84% the S&P500.

Analysts await NCR Corporation (NYSE:NCR) to report earnings on October, 18. They expect $0.52 EPS, down 44.09 % or $0.41 from last year’s $0.93 per share. NCR’s profit will be $61.52M for 13.94 P/E if the $0.52 EPS becomes a reality. After $0.65 actual EPS reported by NCR Corporation for the previous quarter, Wall Street now forecasts -20.00 % negative EPS growth.

More important recent NCR Corporation (NYSE:NCR) news were published by: Fool.com which released: “Here’s Why NCR Cut Its Outlook” on August 02, 2018, also Businesswire.com published article titled: “NCR Announces New Organizational Structure and Executive Appointments to Drive Growth”, Seekingalpha.com published: “NCR (NCR) Q2 2018 Results – Earnings Call Transcript” on July 27, 2018. More interesting news about NCR Corporation (NYSE:NCR) was released by: Bizjournals.com and their article: “NCR names four new top execs, CFO retiring, as it addresses ‘current challenges'” with publication date: July 27, 2018.

NCR Corporation (NYSE:NCR) Ratings Coverage

Among 3 analysts covering NCR (NYSE:NCR), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. NCR had 4 analyst reports since May 2, 2018 according to SRatingsIntel. The firm has “Overweight” rating by JP Morgan given on Friday, July 27. Oppenheimer maintained the stock with “Outperform” rating in Thursday, May 24 report. As per Friday, July 27, the company rating was downgraded by Oppenheimer. The firm has “Neutral” rating by DA Davidson given on Wednesday, May 2.

NCR Corporation (NYSE:NCR) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.