Lone Star Value Management buys $1,495,109 stake in CIBER (CBR)

CIBER (CBR) : Lone Star Value Management scooped up 235,627 additional shares in CIBER during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 1,235,627 shares of CIBER which is valued at $1,495,109.CIBER makes up approximately 3.09% of Lone Star Value Management’s portfolio.

Other Hedge Funds, Including , D. E. Shaw boosted its stake in CBR in the latest quarter, The investment management firm added 15,167 additional shares and now holds a total of 727,505 shares of CIBER which is valued at $880,281.Norges Bank reduced its stake in CBR by selling 85,400 shares or 25.01% in the most recent quarter. The Hedge Fund company now holds 256,095 shares of CBR which is valued at $309,875.Blackrock Investment Management reduced its stake in CBR by selling 297,094 shares or 87.39% in the most recent quarter. The Hedge Fund company now holds 42,854 shares of CBR which is valued at $51,853.Dimensional Fund Advisors Lp reduced its stake in CBR by selling 237,851 shares or 3.89% in the most recent quarter. The Hedge Fund company now holds 5,882,104 shares of CBR which is valued at $6,058,567.

CIBER opened for trading at $1.16 and hit $1.27 on the upside on Thursday, eventually ending the session at $1.27, with a gain of 4.96% or 0.06 points. The heightened volatility saw the trading volume jump to 2,21,073 shares. Company has a market cap of $103 M.

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 consists of countries in Western Europe and the Nordic region. The Company offers a range of services which include Staffing/Application Development and Maintenance Independent software vendor (ISV)/Channel Partner Platforms Integrated Managed Services and other services. Its Application Development and Maintenance services provide analysis design development testing implementation and maintenance of its client’s business applications. The Company also provides project management application and technical consulting database administration and infrastructure support for project-based or managed-services approach. The Company’s business consulting practice comprises Enterprise Application Consultancy IT Strategy Consultancy and Business Process Consultancy.

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