Invictus RG Buys New Position in Cubic Co. (CUB)

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Invictus RG bought a new stake in Cubic Co. (NYSE:CUB) in the 3rd quarter, Holdings Channel reports. The firm bought 3,659 shares of the scientific and technical instruments company’s stock, valued at approximately $267,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Tower Research Capital LLC TRC raised its position in Cubic by 211.3% during the third quarter. Tower Research Capital LLC TRC now owns 1,743 shares of the scientific and technical instruments company’s stock worth $127,000 after acquiring an additional 1,183 shares during the period. Engineers Gate Manager LP acquired a new position in Cubic during the third quarter worth $205,000. Cambridge Investment Research Advisors Inc. acquired a new position in Cubic during the third quarter worth $205,000. Private Advisor Group LLC acquired a new position in Cubic during the third quarter worth $277,000. Finally, Cubist Systematic Strategies LLC acquired a new position in Cubic during the second quarter worth $282,000. Hedge funds and other institutional investors own 94.56% of the company’s stock.

In other Cubic news, Director David F. Melcher bought 1,000 shares of the company’s stock in a transaction dated Friday, September 14th. The stock was acquired at an average price of $74.50 per share, with a total value of $74,500.00. Following the completion of the acquisition, the director now directly owns 2,000 shares of the company’s stock, valued at $149,000. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 7.90% of the stock is owned by corporate insiders.

A number of research firms have weighed in on CUB. ValuEngine cut shares of Cubic from a “buy” rating to a “hold” rating in a research report on Tuesday, November 27th. Needham & Company LLC reduced their price objective on shares of Cubic from $80.00 to $77.00 and set a “buy” rating for the company in a research report on Monday, December 3rd. Zacks Investment Research upgraded shares of Cubic from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a research report on Wednesday, November 21st. JPMorgan Chase & Co. upgraded shares of Cubic from a “neutral” rating to an “overweight” rating and reduced their price objective for the stock from $75.00 to $73.00 in a research report on Friday, November 30th. Finally, Drexel Hamilton set a $85.00 price objective on shares of Cubic and gave the stock a “buy” rating in a research report on Thursday, November 15th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Cubic presently has a consensus rating of “Buy” and an average price target of $74.50.

NYSE:CUB opened at $55.13 on Friday. The company has a quick ratio of 1.78, a current ratio of 2.04 and a debt-to-equity ratio of 0.29. The firm has a market cap of $1.53 billion, a price-to-earnings ratio of 86.14 and a beta of 1.09. Cubic Co. has a fifty-two week low of $52.25 and a fifty-two week high of $77.35.

Cubic (NYSE:CUB) last released its earnings results on Thursday, November 15th. The scientific and technical instruments company reported $0.80 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.07 by ($0.27). Cubic had a return on equity of 2.79% and a net margin of 0.95%. The business had revenue of $379.71 million for the quarter, compared to analysts’ expectations of $360.27 million. During the same period in the previous year, the company earned $0.49 EPS. As a group, equities research analysts predict that Cubic Co. will post 2.4 EPS for the current year.

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Cubic Profile

Cubic Corporation provides various integrated solutions worldwide. Its solutions enhance the situational understanding for transportation, defense, and training customers, as well as for command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR) customers. The company operates through four segments: Cubic Transportation Systems (CTS), Cubic Global Defense Systems (CGD Systems), Cubic Mission Solutions (CMS), and Cubic Global Defense Services (CGD Services).

Further Reading: When is a capital gain realized?

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Institutional Ownership by Quarter for Cubic (NYSE:CUB)

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