Intrepid Capital Management Inc buys $13.4 Million stake in Cubic Corporation (CUB)

Cubic Corporation (CUB) : Intrepid Capital Management Inc scooped up 254,701 additional shares in Cubic Corporation 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 346,059 shares of Cubic Corporation which is valued at $13.4 Million.Cubic Corporation makes up approximately 5.95% of Intrepid Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Riverhead Capital Management reduced its stake in CUB by selling 1,317 shares or 21.24% in the most recent quarter. The Hedge Fund company now holds 4,883 shares of CUB which is valued at $189,216. Los Angeles Capital Management Equity Research Inc sold out all of its stake in CUB during the most recent quarter. The investment firm sold 4,410 shares of CUB which is valued $169,344. Ausdal Financial Partners sold out all of its stake in CUB during the most recent quarter. The investment firm sold 378 shares of CUB which is valued $14,515.Municipal Employees’ Retirement System Of Michigan boosted its stake in CUB in the latest quarter, The investment management firm added 240 additional shares and now holds a total of 4,640 shares of Cubic Corporation which is valued at $178,176. Cubic Corporation makes up approx 0.01% of Municipal Employees’ Retirement System Of Michigan’s portfolio.

Cubic Corporation closed down -0.21 points or -0.52% at $40.5 with 1,25,433 shares getting traded on Wednesday. Post opening the session at $40.85, the shares hit an intraday low of $40.38 and an intraday high of $41.03 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Cubic Corporation reported $0.38 EPS for the quarter, missing the analyst consensus estimate by $ -0.12 based on the information available during the earnings call on May 2, 2016. Analyst had a consensus of $0.50. The company had revenue of $366.00 million for the quarter, compared to analysts expectations of $349.67 million. The company’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.41 EPS.

Cubic Corporation (Cubic) is an international provider of systems and solutions that address the mass transit and global defense markets. The Company operates in three segments: Cubic Transportation Systems (CTS) Mission Support Services (MSS) and Cubic Defense Systems (CDS). As of the September 30 2013 (fiscal 2013) the Company’s CTS business accounted for approximately 38%; MSS and CDS accounted for approximately 62%. CTS specialize in the design development production installation maintenance and operation of automated fare payment and revenue management infrastructure and technologies for transit operators.

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