Emerald Acquisition Ltd. purchased a new position in shares of Ciber Inc. (NYSE:CBR) during the second quarter, Holdings Channel reports. The fund purchased 1,652,111 shares of the company’s stock, valued at approximately $2,478,000. Emerald Acquisition Ltd. owned approximately 2.05% of Ciber as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the stock. Prudential Financial Inc. boosted its stake 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 in the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in Ciber during the first quarter worth $502,000. Renaissance Technologies LLC boosted its stake 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 in the last quarter. Geode Capital Management LLC boosted its stake 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 in the last quarter. Finally, Lone Star Value Management LLC boosted its stake 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 in the last quarter. Institutional investors own 61.95% of the company’s stock.
Ciber Inc. (NYSE:CBR) traded up 1.69% during mid-day trading on Tuesday, hitting $1.20. The stock had a trading volume of 106,015 shares. The stock’s market cap is $97.46 million. Ciber Inc. has a one year low of $0.93 and a one year high of $3.90. The company has a 50 day moving average price of $1.24 and a 200 day moving average price of $1.56.
Ciber (NYSE:CBR) last released 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) EPS for the current year.
CBR has been the topic of a number of analyst reports. Zacks Investment Research cut Ciber from a “buy” rating to a “hold” rating in a research note on Monday, August 8th. B. Riley restated a “neutral” rating and issued a $1.00 price target on shares of Ciber in a research note on Tuesday, August 9th. 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’s stock. The company has an average rating of “Hold” and a consensus 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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