Huber Capital Management buys $147.6 Million stake in KBR (KBR)

KBR (KBR) : Huber Capital Management scooped up 157,959 additional shares in KBR during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 10,511,337 shares of KBR which is valued at $147.6 Million.KBR makes up approximately 5.86% of Huber Capital Management’s portfolio.

Other Hedge Funds, Including , Schafer Cullen Capital Management Inc sold out all of its stake in KBR during the most recent quarter. The investment firm sold 74,606 shares of KBR which is valued $1 Million.Trexquant Investment Lp reduced its stake in KBR by selling 7,825 shares or 15.17% in the most recent quarter. The Hedge Fund company now holds 43,761 shares of KBR which is valued at $614,404. KBR makes up approx 0.07% of Trexquant Investment Lp’s portfolio.Manufacturers Life Insurance Company The boosted its stake in KBR in the latest quarter, The investment management firm added 1,022 additional shares and now holds a total of 187,876 shares of KBR which is valued at $2.6 Million.State Treasurer State Of Michigan reduced its stake in KBR by selling 300 shares or 0.53% in the most recent quarter. The Hedge Fund company now holds 56,742 shares of KBR which is valued at $840,349. KBR makes up approx 0.01% of State Treasurer State Of Michigan’s portfolio.

KBR opened for trading at $14.03 and hit $14.3 on the upside on Friday, eventually ending the session at $14.27, with a gain of 2.44% or 0.34 points. The heightened volatility saw the trading volume jump to 5,95,379 shares. Company has a market cap of $2,032 M.

On the company’s financial health, KBR reported $0.30 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 29, 2016. Analyst had a consensus of $0.28. The company had revenue of $996.00 million for the quarter, compared to analysts expectations of $1079.77 million. The company’s revenue was down -30.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.30 EPS.

Investors should note that on May 12, 2016, KBR announced a cash dividend of $0.0800. The company’s management has announced Jun 13, 2016 as the ex-dividend date and fixed the record date on Jun 15, 2016. The payable date has been fixed on Jul 15, 2016.

Many Wall Street Analysts have commented on KBR. KBR was Downgraded by Johnson Rice to ” Hold” on May 2, 2016. Company shares were Upgraded by Goldman on Mar 28, 2016 to ” Neutral”, Firm has raised the Price Target to $ 16 from a previous price target of $12 .KBR was Upgraded by Citigroup to ” Neutral” on Feb 29, 2016.

KBR Inc. is an engineering procurement construction and services company. The Company offers a portfolio of technology and consulting services; engineering construction procurement and asset maintenance services; and base operational logistics life support and asset management services. The Company operates in three business segments: Technology & Consulting (T&C) Engineering & Construction (E&C) and Government Services (GS). The T&C segment provides technologies and consulting services to the oil and gas value chain. The E&C provides engineering and engineering procurement and construction services for the development construction and commissioning of projects. The GS business segment focuses on service contracts particularly for the United Kingdom Australian and United States Governments. It provides services to international and national oil and gas companies independent refiners manufacturers and domestic and foreign Governments among others.

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