Gendell Jeffrey L buys $12.9 Million stake in Willbros Group Inc (WG)

Willbros Group Inc (WG) : Gendell Jeffrey L scooped up 245,625 additional shares in Willbros Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 4,411,309 shares of Willbros Group Inc which is valued at $12.9 Million.Willbros Group Inc makes up approximately 2.66% of Gendell Jeffrey L’s portfolio.

Other Hedge Funds, Including , Heartland Advisors Inc reduced its stake in WG by selling 28,822 shares or 0.54% in the most recent quarter. The Hedge Fund company now holds 5,319,692 shares of WG which is valued at $16 Million. Willbros Group Inc makes up approx 0.83% of Heartland Advisors Inc’s portfolio.Globeflex Capital L P reduced its stake in WG by selling 188 shares or 51.09% in the most recent quarter. The Hedge Fund company now holds 180 shares of WG which is valued at $540.

Willbros Group Inc closed down -0.04 points or -1.27% at $3.1 with 3,06,574 shares getting traded on Wednesday. Post opening the session at $3.11, the shares hit an intraday low of $3.02 and an intraday high of $3.22 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Willbros Group Inc reported $-0.29 EPS for the quarter, missing the analyst consensus estimate by $ -0.23 based on the information available during the earnings call on Nov 5, 2015. Analyst had a consensus of $-0.06. The company had revenue of $266.75 million for the quarter, compared to analysts expectations of $311.39 million. The company’s revenue was down -52.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.06 EPS.

Willbros Group Inc. (Willbros) is a specialty energy infrastructure contractor serving the oil gas refining petrochemical and power industries. The Company’s offerings include engineering procurement and construction (EPC) turnarounds maintenance facilities development and operations services. The Company has four operating segments: Oil & Gas Professional Services Utility Transmission and Distribution (Utility T&D) and Canada. The Company offers a range of services serving the energy industry such as construction project management maintenance fabrication EPC integrity field services natural gas transmission and distribution API storage tanks general and modular fabrication and repair and restoration among others.

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