Blucora Inc (BCOR) Stake Lifted by Cim Investment Mangement Inc.

Cim Investment Mangement Inc. grew its position in shares of Blucora Inc (NASDAQ:BCOR) by 54.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,043 shares of the information services provider’s stock after purchasing an additional 6,011 shares during the period. Cim Investment Mangement Inc.’s holdings in Blucora were worth $454,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of BCOR. LPL Financial LLC bought a new stake in Blucora in the third quarter worth $418,000. Teachers Advisors LLC increased its position in shares of Blucora by 18.1% during the third quarter. Teachers Advisors LLC now owns 103,832 shares of the information services provider’s stock valued at $4,179,000 after buying an additional 15,926 shares during the period. Lombard Odier Asset Management USA Corp purchased a new position in shares of Blucora during the third quarter valued at about $263,000. Pacer Advisors Inc. purchased a new position in shares of Blucora during the third quarter valued at about $214,000. Finally, Legal & General Group Plc increased its position in shares of Blucora by 8.7% during the third quarter. Legal & General Group Plc now owns 112,542 shares of the information services provider’s stock valued at $4,423,000 after buying an additional 8,981 shares during the period. 94.49% of the stock is owned by institutional investors.

Several brokerages recently issued reports on BCOR. Zacks Investment Research cut shares of Blucora from a “hold” rating to a “sell” rating in a research report on Tuesday, February 5th. Barrington Research reiterated a “buy” rating on shares of Blucora in a research report on Friday, February 1st. BidaskClub upgraded shares of Blucora from a “hold” rating to a “buy” rating in a research report on Friday, January 25th. Finally, ValuEngine cut shares of Blucora from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $37.54.

Shares of NASDAQ BCOR opened at $31.02 on Monday. The company has a market capitalization of $1.49 billion, a PE ratio of 25.43, a PEG ratio of 0.93 and a beta of 0.41. Blucora Inc has a 52-week low of $21.15 and a 52-week high of $41.35. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.95 and a current ratio of 2.95.

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About Blucora

Blucora, Inc provides technology-enabled financial solutions to consumers, small business owners, and tax professionals in the United States. The company operates through two segments, Wealth Management and Tax Preparation. The Wealth Management segment offers an integrated platform of brokerage, investment advisory, and insurance services to financial advisors.

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Institutional Ownership by Quarter for Blucora (NASDAQ:BCOR)

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