Cubic Corporation (CUB) Holder Rutabaga Capital Management LLC Has Lifted Position by $6.16 Million

June 22, 2018 - By Henry Gaston

Investors sentiment decreased to 0.9 in Q1 2018. Its down 0.23, from 1.13 in 2017Q4. It is negative, as 11 investors sold CUB shares while 59 reduced holdings. 17 funds opened positions while 46 raised stakes. 24.33 million shares or 2.82% more from 23.66 million shares in 2017Q4 were reported. Franklin Resource accumulated 612,345 shares or 0.02% of the stock. Amalgamated Bancorporation stated it has 3,594 shares. Price T Rowe Md owns 0.02% invested in Cubic Corporation (NYSE:CUB) for 2.09 million shares. Kennedy Cap stated it has 104,560 shares. Hsbc Holdings Pcl reported 4,575 shares. Raymond James & owns 69,884 shares. Voya Inv Mgmt Llc, Georgia-based fund reported 11,044 shares. Deutsche Natl Bank Ag holds 0% of its portfolio in Cubic Corporation (NYSE:CUB) for 27,543 shares. Third Avenue Lc holds 132,204 shares. Systematic Finance Mngmt LP owns 135,445 shares or 0.19% of their US portfolio. Geode Llc, a Massachusetts-based fund reported 223,189 shares. Clearbridge Ltd Company invested in 0.3% or 212,960 shares. Smithfield invested in 0% or 500 shares. First Pacific Advsrs Limited Liability invested in 109,033 shares or 0.05% of the stock. Cna Financial has 19,631 shares.

Since May 7, 2018, it had 1 buy, and 2 insider sales for $215,783 activity. Shares for $213,581 were sold by HARRISON MARK. The insider Melcher David F bought 1,000 shares worth $64,450.

Peter Schliemann increased its stake in Cubic Corporation (CUB) by 53.86% based on its latest 2018Q1 regulatory filing with the SEC. Rutabaga Capital Management Llc bought 97,791 shares as the company’s stock rose 13.95% while stock markets declined. The hedge fund run by Peter Schliemann held 279,369 shares of the industrial machinery and components company at the end of 2018Q1, valued at $17.77 million, up from 181,578 at the end of the previous reported quarter. Rutabaga Capital Management Llc who had been investing in Cubic Corporation for a number of months, seems to be bullish on the $1.81 billion market cap company. The stock decreased 1.77% or $1.2 during the last trading session, reaching $66.5. About 109,263 shares traded. Cubic Corporation (NYSE:CUB) has risen 51.12% since June 22, 2017 and is uptrending. It has outperformed by 38.55% the S&P500.

Rutabaga Capital Management Llc, which manages about $1.07B and $425.21 million US Long portfolio, decreased its stake in Ply Gem Holdings Inc. (NYSE:PGEM) by 756,927 shares to 169,655 shares, valued at $3.67M in 2018Q1, according to the filing. It also reduced its holding in Layne Christensen Company (NASDAQ:LAYN) by 285,617 shares in the quarter, leaving it with 990,424 shares, and cut its stake in Topbuild Corp.

More news for Cubic Corporation (NYSE:CUB) were recently published by: Globenewswire.com, which released: “New Research: Key Drivers of Growth for Illinois Tool Works, Aircastle, TriState Capital, Blueprint Medicines, MGE …” on June 21, 2018. Prnewswire.com‘s article titled: “Cubic Concludes Analyst and Investor Day with Ringing of the NYSE Closing Bell” and published on June 13, 2018 is yet another important article.

Cubic Corporation (NYSE:CUB) Ratings Coverage

Among 4 analysts covering Cubic (NYSE:CUB), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Cubic has $76 highest and $70 lowest target. $73’s average target is 9.77% above currents $66.5 stock price. Cubic had 5 analyst reports since April 19, 2018 according to SRatingsIntel. As per Thursday, June 14, the company rating was maintained by Canaccord Genuity. The rating was maintained by JP Morgan on Friday, June 15 with “Neutral”. The company was maintained on Thursday, April 19 by Canaccord Genuity. The rating was downgraded by Needham on Monday, May 14 to “Hold”.

Cubic Corporation (NYSE:CUB) Institutional Positions Chart

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