Sg Capital Management LLC Trimmed Cubic Corp (CUB) Stake by $17.71 Million as Shares Declined

March 22, 2018 - By Vivian Park

Investors sentiment increased to 1.84 in 2017 Q3. Its up 0.53, from 1.31 in 2017Q2. It increased, as 11 investors sold CUB shares while 34 reduced holdings. 29 funds opened positions while 54 raised stakes. 24.06 million shares or 1.57% more from 23.68 million shares in 2017Q2 were reported. Schwab Charles Inv holds 187,541 shares. Moreover, Pnc Finance Group Incorporated has 0% invested in Cubic Corporation (NYSE:CUB) for 2,240 shares. Savings Bank Of Ny Mellon Corp owns 0% invested in Cubic Corporation (NYSE:CUB) for 326,549 shares. Comerica Bankshares holds 0.01% or 26,367 shares in its portfolio. Tower Ltd Limited Liability Company (Trc) invested in 0.02% or 3,861 shares. River Road Asset Mngmt Llc, Kentucky-based fund reported 435,416 shares. New York-based Jpmorgan Chase Company has invested 0% in Cubic Corporation (NYSE:CUB). 22,036 were reported by State Of Tennessee Treasury Department. Cna Corporation owns 25,193 shares or 0.32% of their US portfolio. First Pacific Advsr Ltd Liability Company holds 0.18% or 470,620 shares in its portfolio. Ny State Teachers Retirement System invested in 52,541 shares. Quantbot Tech Lp owns 2,088 shares for 0.01% of their portfolio. Bnp Paribas Asset Mgmt Holdg Sa holds 0.13% of its portfolio in Cubic Corporation (NYSE:CUB) for 308,645 shares. Systematic Lp invested 0.08% of its portfolio in Cubic Corporation (NYSE:CUB). Hsbc Public Ltd Com has 0% invested in Cubic Corporation (NYSE:CUB).

Ken Grossman decreased its stake in Cubic Corp (CUB) by 65.96% based on its latest 2017Q3 regulatory filing with the SEC. Sg Capital Management Llc sold 347,288 shares as the company’s stock declined 14.38% while stock markets rallied. The hedge fund run by Ken Grossman held 179,212 shares of the industrial machinery and components company at the end of 2017Q3, valued at $9.14 million, down from 526,500 at the end of the previous reported quarter. Sg Capital Management Llc who had been investing in Cubic Corp for a number of months, seems to be less bullish one the $1.78 billion market cap company. The stock decreased 0.38% or $0.25 during the last trading session, reaching $65.25. About 89,800 shares traded. Cubic Corporation (NYSE:CUB) has risen 14.76% since March 22, 2017 and is uptrending. It has underperformed by 1.94% the S&P500.

Sg Capital Management Llc, which manages about $427.20 million and $924.72M US Long portfolio, upped its stake in Ethan Allen Interiors Inc (Put) (NYSE:ETH) by 10.37M shares to 10.90M shares, valued at $353.11M in 2017Q3, according to the filing.

Analysts await Cubic Corporation (NYSE:CUB) to report earnings on May, 14. They expect $0.17 earnings per share, up 750.00 % or $0.15 from last year’s $0.02 per share. CUB’s profit will be $4.63M for 95.96 P/E if the $0.17 EPS becomes a reality. After $-0.01 actual earnings per share reported by Cubic Corporation for the previous quarter, Wall Street now forecasts -1,800.00 % EPS growth.

Cubic Corporation (NYSE:CUB) Ratings Coverage

Among 9 analysts covering Cubic Corporation (NYSE:CUB), 7 have Buy rating, 0 Sell and 2 Hold. Therefore 78% are positive. Cubic Corporation had 21 analyst reports since September 17, 2015 according to SRatingsIntel. Canaccord Genuity initiated it with “Buy” rating and $48 target in Wednesday, June 8 report. Canaccord Genuity maintained Cubic Corporation (NYSE:CUB) rating on Thursday, August 10. Canaccord Genuity has “Buy” rating and $5000 target. The company was upgraded on Wednesday, November 25 by Benchmark. The rating was upgraded by Raymond James to “Buy” on Friday, September 22. The rating was maintained by Canaccord Genuity on Monday, September 25 with “Buy”. The rating was maintained by Canaccord Genuity on Friday, August 4 with “Buy”. Needham maintained Cubic Corporation (NYSE:CUB) rating on Friday, March 24. Needham has “Buy” rating and $55 target. The firm earned “Buy” rating on Friday, February 10 by Needham. The stock has “Buy” rating by BB&T Capital on Tuesday, October 20. The company was maintained on Friday, October 14 by Needham.

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