Chou Associates Management Exits Position in Chicago Bridge & Iron Company N.V. (CBI)

Chicago Bridge & Iron Company N.V. (CBI) : Chou Associates Management has sold out all of its stake in Chicago Bridge & Iron Company N.V. during the most recent quarter, according to the disclosure filed by the company on May 13, 2016 with the SEC. The investment management company has sold out 67,446 shares of Chicago Bridge & Iron Company N.V. which is valued at $2.5 Million.

Other Hedge Funds, Including , Alliancebernstein boosted its stake in CBI in the latest quarter, The investment management firm added 671,260 additional shares and now holds a total of 748,229 shares of Chicago Bridge & Iron Company N.V. which is valued at $27.6 Million. Chicago Bridge & Iron Company N.V. makes up approx 0.02% of Alliancebernstein’s portfolio.Blackrock Japan Ltd reduced its stake in CBI by selling 531 shares or 0.43% in the most recent quarter. The Hedge Fund company now holds 122,936 shares of CBI which is valued at $4.5 Million. Chicago Bridge & Iron Company N.V. makes up approx 0.02% of Blackrock Japan Ltd’s portfolio. Engineers Gate Manager Lp added CBI to its portfolio by purchasing 24,098 company shares during the most recent quarter which is valued at $888,734. Chicago Bridge & Iron Company N.V. makes up approx 0.07% of Engineers Gate Manager Lp’s portfolio.Teachers Advisors Inc reduced its stake in CBI by selling 58,668 shares or 39.11% in the most recent quarter. The Hedge Fund company now holds 91,348 shares of CBI which is valued at $3.5 Million. Chicago Bridge & Iron Company N.V. makes up approx 0.01% of Teachers Advisors Inc’s portfolio.Timber Hill boosted its stake in CBI in the latest quarter, The investment management firm added 16,410 additional shares and now holds a total of 25,522 shares of Chicago Bridge & Iron Company N.V. which is valued at $975,706. Chicago Bridge & Iron Company N.V. makes up approx 0.08% of Timber Hill’s portfolio.

Chicago Bridge & Iron Company N.V. opened for trading at $36.49 and hit $37.72 on the upside on Wednesday, eventually ending the session at $37.48, with a gain of 3.74% or 1.35 points. The heightened volatility saw the trading volume jump to 15,49,334 shares. Company has a market cap of $3,946 M.

On the company’s financial health, Chicago Bridge & Iron Company N.V. reported $1.01 EPS for the quarter, missing the analyst consensus estimate by $ -0.11 based on the information available during the earnings call on Apr 20, 2016. Analyst had a consensus of $1.12. The company had revenue of $2667.70 million for the quarter, compared to analysts expectations of $2813.15 million. The company’s revenue was down -14.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.21 EPS.

Many Wall Street Analysts have commented on Chicago Bridge & Iron Company N.V.. Chicago Bridge & Iron Company N.V. was Upgraded by Johnson Rice to ” Buy” on May 16, 2016.

Chicago Bridge and Iron Company N.V. (CBandI) provides a range of services to customers in the energy infrastructure market across the world. The Company also provides various Government services. CBandI operates through four segments: Engineering Construction and Maintenance which provides engineering procurement and construction (EPC) services for energy infrastructure facilities as well as integrated maintenance services; Fabrication Services which provides fabrication of piping systems process and nuclear modules; fabrication and erection of steel plate structures and manufacturing and distribution of pipe and fittings for various industries such as oil and gas mining mineral processing and power generation; Technology which provides licensed process technologies catalysts and engineered products and offers process planning and project development services and Environmental Solutions which provides environmental services for Government and private sector customers.

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