Cheetah Mobile INC (CMCM) Stock Declined While Parametrica Management LTD Cut Its Holding by $3.52 Million

September 8, 2018 - By Lisa Delgado

Cheetah Mobile Inc. (NYSE:CMCM) Logo

Parametrica Management Ltd decreased its stake in Cheetah Mobile Inc (CMCM) by 64.15% based on its latest 2018Q1 regulatory filing with the SEC. Parametrica Management Ltd sold 271,011 shares as the company’s stock declined 10.33% with the market. The institutional investor held 151,461 shares of the prepackaged software company at the end of 2018Q1, valued at $2.03M, down from 422,472 at the end of the previous reported quarter. Parametrica Management Ltd who had been investing in Cheetah Mobile Inc for a number of months, seems to be less bullish one the $1.36 billion market cap company. The stock decreased 3.78% or $0.38 during the last trading session, reaching $9.67. About 490,684 shares traded. Cheetah Mobile Inc. (NYSE:CMCM) has risen 7.78% since September 8, 2017 and is uptrending. It has underperformed by 4.79% the S&P500.

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