Value Holdings Management CO. LLC Has $5.38 Million Stake in Cubic Corporation (CUB)

Value Holdings Management CO. LLC boosted its position in shares of Cubic Corporation (NYSE:CUB) by 20.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 116,195 shares of the scientific and technical instruments company’s stock after buying an additional 19,884 shares during the period. Cubic Corporation accounts for approximately 2.3% of Value Holdings Management CO. LLC’s portfolio, making the stock its 14th largest position. Value Holdings Management CO. LLC owned 0.43% of Cubic Corporation worth $5,380,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Meadow Creek Investment Management LLC raised its position in shares of Cubic Corporation by 11.3% in the first quarter. Meadow Creek Investment Management LLC now owns 2,006 shares of the scientific and technical instruments company’s stock worth $106,000 after buying an additional 204 shares during the period. Ameritas Investment Partners Inc. bought a new position in shares of Cubic Corporation during the first quarter worth about $115,000. State of Alaska Department of Revenue raised its position in shares of Cubic Corporation by 2.2% in the first quarter. State of Alaska Department of Revenue now owns 2,750 shares of the scientific and technical instruments company’s stock worth $145,000 after buying an additional 60 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Cubic Corporation by 104.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 3,052 shares of the scientific and technical instruments company’s stock worth $147,000 after buying an additional 1,559 shares during the period. Finally, Invictus RG bought a new position in shares of Cubic Corporation during the first quarter worth about $231,000. 88.93% of the stock is currently owned by institutional investors.

Cubic Corporation (NYSE:CUB) traded down 0.82% during midday trading on Friday, reaching $42.35. 159,364 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $45.76 and a 200 day moving average price of $48.53. Cubic Corporation has a 12 month low of $39.50 and a 12 month high of $55.65. The company’s market cap is $1.15 billion.

Cubic Corporation (NYSE:CUB) last posted its quarterly earnings data on Thursday, August 3rd. The scientific and technical instruments company reported ($0.81) earnings per share for the quarter, missing the consensus estimate of $0.05 by $0.86. The firm had revenue of $361.87 million for the quarter, compared to the consensus estimate of $383.47 million. Cubic Corporation had a negative return on equity of 4.74% and a negative net margin of 2.20%. The firm’s quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.17 EPS. On average, equities analysts anticipate that Cubic Corporation will post ($0.58) EPS for the current year.

The company also recently disclosed a semiannual dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be given a dividend of $0.135 per share. This represents a yield of 0.62%. The ex-dividend date of this dividend is Wednesday, August 30th. Cubic Corporation’s payout ratio is -22.69%.

ILLEGAL ACTIVITY WARNING: “Value Holdings Management CO. LLC Has $5.38 Million Stake in Cubic Corporation (CUB)” was originally published by BNB Daily and is the sole property of of BNB Daily. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this story can be viewed at https://www.baseball-news-blog.com/2017/08/19/cubic-corporation-cub-position-boosted-by-value-holdings-management-co-llc-updated-updated-updated.html.

A number of equities research analysts have weighed in on CUB shares. Zacks Investment Research downgraded shares of Cubic Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. BidaskClub downgraded shares of Cubic Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. ValuEngine downgraded shares of Cubic Corporation from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Needham & Company LLC reiterated a “buy” rating and set a $52.00 price target (down previously from $55.00) on shares of Cubic Corporation in a research note on Tuesday, May 9th. Finally, J P Morgan Chase & Co upgraded shares of Cubic Corporation from a “neutral” rating to an “overweight” rating and set a $53.00 price target on the stock in a research note on Thursday, August 10th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $53.40.

Cubic Corporation Company Profile

Cubic Corporation (Cubic) designs, integrates and operates systems, products and services that provide situational awareness for its customers in the transportation and defense industries. The Company operates in three business segments across the global transportation and defense markets, which include Cubic Transportation Systems (CTS), Cubic Global Defense (CGD) and Cubic Global Defense Services (CGD Services).

Institutional Ownership by Quarter for Cubic Corporation (NYSE:CUB)

Receive News & Ratings for Cubic Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cubic Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply