Usca Ria LLC increased its stake in Chicago Bridge & Iron Company N.V. (NYSE:CBI) by 36.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 97,070 shares of the construction company’s stock after buying an additional 25,716 shares during the period. Usca Ria LLC owned approximately 0.10% of Chicago Bridge & Iron Company N.V. worth $1,915,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Hanson & Doremus Investment Management boosted its position in Chicago Bridge & Iron Company N.V. by 14.8% in the second quarter. Hanson & Doremus Investment Management now owns 5,050 shares of the construction company’s stock valued at $100,000 after buying an additional 650 shares in the last quarter. Clearbridge Investments LLC boosted its position in Chicago Bridge & Iron Company N.V. by 8.5% in the first quarter. Clearbridge Investments LLC now owns 3,820 shares of the construction company’s stock valued at $117,000 after buying an additional 300 shares in the last quarter. Brick & Kyle Associates boosted its position in Chicago Bridge & Iron Company N.V. by 14.5% in the first quarter. Brick & Kyle Associates now owns 3,950 shares of the construction company’s stock valued at $121,000 after buying an additional 500 shares in the last quarter. Chicago Partners Investment Group LLC boosted its position in Chicago Bridge & Iron Company N.V. by 907.6% in the second quarter. Chicago Partners Investment Group LLC now owns 6,600 shares of the construction company’s stock valued at $130,000 after buying an additional 5,945 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Chicago Bridge & Iron Company N.V. by 136.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 5,231 shares of the construction company’s stock valued at $160,000 after buying an additional 3,021 shares in the last quarter. Institutional investors own 65.63% of the company’s stock.

Chicago Bridge & Iron Company N.V. (NYSE CBI) opened at 10.99 on Friday. The firm has a 50-day moving average price of $15.42 and a 200 day moving average price of $23.46. Chicago Bridge & Iron Company N.V. has a 12-month low of $9.55 and a 12-month high of $36.56. The firm’s market cap is $1.11 billion. Chicago Bridge & Iron Company N.V. also was the recipient of some unusual options trading activity on Wednesday. Investors bought 896 call options on the stock. This is an increase of 197% compared to the average daily volume of 302 call options.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last announced its quarterly earnings results on Wednesday, August 9th. The construction company reported ($2.96) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by $3.81. Chicago Bridge & Iron Company N.V. had a negative net margin of 10.54% and a negative return on equity of 3.92%. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same period in the previous year, the business earned $1.17 earnings per share. The firm’s revenue for the quarter was down 40.6% on a year-over-year basis. Equities research analysts forecast that Chicago Bridge & Iron Company N.V. will post ($1.79) EPS for the current year.

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CBI has been the subject of several research analyst reports. UBS AG reissued a “buy” rating and set a $21.00 price objective (down previously from $32.00) on shares of Chicago Bridge & Iron Company N.V. in a research report on Wednesday, May 24th. Deutsche Bank AG boosted their price objective on Chicago Bridge & Iron Company N.V. from $35.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday, May 22nd. MKM Partners reissued a “buy” rating and set a $34.00 price objective (down previously from $41.00) on shares of Chicago Bridge & Iron Company N.V. in a research report on Friday, May 19th. Credit Suisse Group set a $34.00 price objective on Chicago Bridge & Iron Company N.V. and gave the stock a “buy” rating in a research report on Wednesday, May 10th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $35.00 price objective on shares of Chicago Bridge & Iron Company N.V. in a research report on Tuesday, May 9th. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $24.34.

About Chicago Bridge & Iron Company N.V.

Chicago Bridge & Iron Company N.V. provides services to customers in energy infrastructure market. The Company provides services, such as conceptual design, technology, engineering, procurement, fabrication, modularization, construction, commissioning, maintenance, program management and environmental services.

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Institutional Ownership by Quarter for Chicago Bridge & Iron Company N.V. (NYSE:CBI)

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