Cubic Corporation (CUB) : Cutter Co Brokerage reduced its stake in Cubic Corporation by 5.4% during the most recent quarter end. The investment management company now holds a total of 45,726 shares of Cubic Corporation which is valued at $1,949,299 after selling 2,610 shares in Cubic Corporation , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Cubic Corporation makes up approximately 0.83% of Cutter Co Brokerage’s portfolio.
Other Hedge Funds, Including , California State Teachers Retirement System boosted its stake in CUB in the latest quarter, The investment management firm added 6,806 additional shares and now holds a total of 52,853 shares of Cubic Corporation which is valued at $2,253,123. Emerald Mutual Fund Advisers Trust added CUB to its portfolio by purchasing 7,541 company shares during the most recent quarter which is valued at $307,974. Cubic Corporation makes up approx 0.02% of Emerald Mutual Fund Advisers Trust’s portfolio.Cutler Group Lp reduced its stake in CUB by selling 819 shares or 49.46% in the most recent quarter. The Hedge Fund company now holds 837 shares of CUB which is valued at $33,765. Capital Asset Advisory Services sold out all of its stake in CUB during the most recent quarter. The investment firm sold 21,752 shares of CUB which is valued $877,476.
Cubic Corporation opened for trading at $43.8 and hit $44.46 on the upside on Monday, eventually ending the session at $44.33, with a gain of 0.68% or 0.3 points. The heightened volatility saw the trading volume jump to 1,69,361 shares. Company has a market cap of $1,197 M.
On the company’s financial health, Cubic Corporation reported $0.17 EPS for the quarter, missing the analyst consensus estimate by $ -0.11 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $0.28. The company had revenue of $375.20 million for the quarter, compared to analysts expectations of $384.78 million. The company’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS.
Investors should note that on Aug 1, 2016, Cubic Corporation announced a cash dividend of $0.1350. The company’s management has announced Aug 29, 2016 as the ex-dividend date and fixed the record date on Aug 31, 2016. The payable date has been fixed on Sep 15, 2016.
Many Wall Street Analysts have commented on Cubic Corporation. Needham Upgraded Cubic Corporation on Aug 1, 2016 to ” Buy”, Price Target of the shares are set at $48.Canaccord Genuity Initiated Cubic Corporation on Jun 8, 2016 to “Buy”, Price Target of the shares are set at $48.
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 Companys 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.