Ciber Inc. (CBR) Major Shareholder Legion Partners Asset Manageme Buys 512,100 Shares
Ciber Inc. (NYSE:CBR) major shareholder Legion Partners Asset Manageme purchased 512,100 shares of Ciber stock in a transaction that occurred on Thursday, November 17th. The shares were bought at an average cost of $0.65 per share, for a total transaction of $332,865.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Ciber Inc. (NYSE:CBR) opened at 0.7943 on Tuesday. The company’s market capitalization is $64.85 million. The company’s 50-day moving average price is $0.93 and its 200 day moving average price is $1.22. Ciber Inc. has a 12 month low of $0.63 and a 12 month high of $3.75.
Ciber (NYSE:CBR) last released its quarterly earnings data on Tuesday, November 8th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by $0.14. Ciber had a negative net margin of 24.84% and a negative return on equity of 22.69%. The business earned $144.30 million during the quarter, compared to analysts’ expectations of $153.28 million. Analysts forecast that Ciber Inc. will post ($0.77) EPS for the current fiscal year.
Several equities research analysts have weighed in on CBR shares. B. Riley restated a “neutral” rating and set a $1.00 target price on shares of Ciber in a research note on Tuesday, November 8th. Zacks Investment Research upgraded Ciber from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 2nd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $2.22.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CBR. JPMorgan Chase & Co. purchased a new position in Ciber during the second quarter worth approximately $109,000. Alpine Partners VI LLC purchased a new position in Ciber during the second quarter worth approximately $156,000. A.R.T. Advisors LLC purchased a new position in Ciber during the second quarter worth approximately $195,000. Prudential Financial Inc. raised its position in Ciber by 3.8% in the first quarter. Prudential Financial Inc. now owns 170,767 shares of the company’s stock worth $360,000 after buying an additional 6,300 shares during the period. Finally, Ancora Advisors LLC raised its position in Ciber by 332.0% in the second quarter. Ancora Advisors LLC now owns 216,000 shares of the company’s stock worth $324,000 after buying an additional 166,000 shares during the period. Institutional investors and hedge funds own 58.36% of the company’s stock.
Ciber Company Profile
Ciber, Inc (Ciber) is a global information technology (IT) services company. The Company operates in two segments: North America and International. Its Ciber International segment primarily consists of countries in Western Europe and the Nordic region. Its North America segment is organized into service offerings, which include Independent Software Vendor Relationships (ISV)/Channel Partner Platforms, Managed Services, Business Consulting, Application Development and Management (ADM)/Staffing, and Software-as-a-Service (SaaS).
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