Systematic Financial Management Lp Lowers stake in KBR (KBR)

KBR (KBR) : Systematic Financial Management Lp reduced its stake in KBR by 2.91% during the most recent quarter end. The investment management company now holds a total of 6,561,045 shares of KBR which is valued at $109,110,178 after selling 196,453 shares in KBR , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.KBR makes up approximately 1.54% of Systematic Financial Management Lp’s portfolio.

Other Hedge Funds, Including , Wall Street Access Asset Management boosted its stake in KBR in the latest quarter, The investment management firm added 2,160 additional shares and now holds a total of 18,865 shares of KBR which is valued at $313,725. KBR makes up approx 0.18% of Wall Street Access Asset Management’s portfolio.Whittier Trust Co reduced its stake in KBR by selling 2,600 shares or 93.69% in the most recent quarter. The Hedge Fund company now holds 175 shares of KBR which is valued at $2,734.Swiss National Bank reduced its stake in KBR by selling 7,900 shares or 3.34% in the most recent quarter. The Hedge Fund company now holds 228,341 shares of KBR which is valued at $3,055,203. KBR makes up approx 0.01% of Swiss National Bank’s portfolio.

KBR closed down -0.07 points or -0.43% at $16.25 with 11,66,533 shares getting traded on Monday. Post opening the session at $16.31, the shares hit an intraday low of $16.14 and an intraday high of $16.38 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, KBR reported $-0.44 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Nov 1, 2016. Analyst had a consensus of $-0.58. The company had revenue of $1073.00 million for the quarter, compared to analysts expectations of $1187.76 million. The company’s revenue was down -10.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.40 EPS.

Many Wall Street Analysts have commented on KBR. KBR was Upgraded by BofA/Merrill to ” Buy” on Nov 17, 2016. KBR was Downgraded by Goldman to ” Sell” on Oct 11, 2016. KBR was Upgraded by Johnson Rice to ” Accumulate” on Oct 5, 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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