ClariVest Asset Management LLC decreased its position in shares of Ciber Inc. (NYSE:CBR) by 21.2% during the second quarter, Holdings Channel reports. The firm owned 237,100 shares of the company’s stock after selling 63,705 shares during the period. ClariVest Asset Management LLC’s holdings in Ciber were worth $356,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Geode Capital Management LLC raised its position in Ciber by 1.1% in the first quarter. Geode Capital Management LLC now owns 410,300 shares of the company’s stock worth $865,000 after buying an additional 4,595 shares during the period. Prudential Financial Inc. raised its position in Ciber by 3.8% in the first quarter. Prudential Financial Inc. now owns 170,767 shares of the company’s stock worth $360,000 after buying an additional 6,300 shares during the period. Renaissance Technologies LLC raised its position in Ciber by 32.3% in the first quarter. Renaissance Technologies LLC now owns 358,100 shares of the company’s stock worth $756,000 after buying an additional 87,500 shares during the period. Lone Star Value Management LLC raised its position in Ciber by 23.6% in the first quarter. Lone Star Value Management LLC now owns 1,235,627 shares of the company’s stock worth $2,607,000 after buying an additional 235,627 shares during the period. Finally, Jacobs Levy Equity Management Inc. bought a new position in Ciber during the first quarter worth $502,000. 61.94% of the stock is owned by institutional investors.
Shares of Ciber Inc. (NYSE:CBR) traded down 4.55% during mid-day trading on Monday, reaching $1.05. The company’s stock had a trading volume of 171,602 shares. The firm’s 50 day moving average is $1.20 and its 200 day moving average is $1.47. Ciber Inc. has a one year low of $0.93 and a one year high of $3.90. The firm’s market cap is $85.28 million.
Ciber (NYSE:CBR) last issued its quarterly earnings data on Thursday, August 4th. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by $0.23. Ciber had a negative return on equity of 11.61% and a negative net margin of 20.66%. On average, equities analysts anticipate that Ciber Inc. will post ($0.49) earnings per share for the current fiscal year.
Several brokerages have commented on CBR. B. Riley reiterated a “neutral” rating and set a $1.00 target price on shares of Ciber in a research note on Tuesday, August 9th. Zacks Investment Research upgraded Ciber from a “strong sell” rating to a “hold” rating in a research note on Monday, July 11th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $2.33.
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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