Capstone Asset Management Co. maintained its stake in Ciber Inc. (NYSE:CBR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 90,230 shares of the company’s stock at the end of the second quarter. Capstone Asset Management Co.’s holdings in Ciber were worth $135,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. purchased a new position in shares of Ciber during the first quarter valued at about $502,000. Lone Star Value Management LLC boosted its position in shares of Ciber by 23.6% in the first quarter. Lone Star Value Management LLC now owns 1,235,627 shares of the company’s stock valued at $2,607,000 after buying an additional 235,627 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Ciber by 32.3% in the first quarter. Renaissance Technologies LLC now owns 358,100 shares of the company’s stock valued at $756,000 after buying an additional 87,500 shares during the last quarter. Prudential Financial Inc. boosted its position in shares of Ciber by 3.8% in the first quarter. Prudential Financial Inc. now owns 170,767 shares of the company’s stock valued at $360,000 after buying an additional 6,300 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Ciber by 1.1% in the first quarter. Geode Capital Management LLC now owns 410,300 shares of the company’s stock valued at $865,000 after buying an additional 4,595 shares during the last quarter. 61.95% of the stock is currently owned by institutional investors.
Ciber Inc. (NYSE:CBR) remained flat at $1.15 on Friday. The stock had a trading volume of 121,951 shares. The firm’s market capitalization is $93.40 million. Ciber Inc. has a 1-year low of $0.93 and a 1-year high of $3.90. The company has a 50-day moving average of $1.24 and a 200 day moving average of $1.54.
Ciber (NYSE:CBR) last announced its earnings results on Thursday, August 4th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by $0.23. Ciber had a negative net margin of 20.66% and a negative return on equity of 11.61%. Analysts anticipate that Ciber Inc. will post ($0.49) EPS for the current year.
Several brokerages have issued reports on CBR. Zacks Investment Research raised Ciber from a “strong sell” rating to a “hold” rating in a research report on Monday, July 11th. B. Riley reissued a “neutral” rating and issued a $1.70 target price on shares of Ciber in a research report on Tuesday, August 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $2.33.
Ciber Company Profile
Ciber, Inc (Ciber) is a global information technology (IT) services company. The Company operates in two segments: North America and International. Its Ciber International segment primarily consists of countries in Western Europe and the Nordic region. Its North America segment is organized into service offerings, which include Independent Software Vendor Relationships (ISV)/Channel Partner Platforms, Managed Services, Business Consulting, Application Development and Management (ADM)/Staffing, and Software-as-a-Service (SaaS).
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