Gamco Investors INC. ET AL Sells 6,200 Shares of Cubic Co. (CUB)

Gamco Investors INC. ET AL lowered its stake in Cubic Co. (NYSE:CUB) by 45.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,500 shares of the scientific and technical instruments company’s stock after selling 6,200 shares during the period. Gamco Investors INC. ET AL’s holdings in Cubic were worth $548,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in CUB. Mesirow Financial Investment Management Equity Management acquired a new position in shares of Cubic in the third quarter valued at approximately $17,899,000. BlackRock Inc. increased its holdings in shares of Cubic by 4.1% in the second quarter. BlackRock Inc. now owns 4,347,887 shares of the scientific and technical instruments company’s stock valued at $279,135,000 after purchasing an additional 172,274 shares during the period. Castleark Management LLC acquired a new position in shares of Cubic in the second quarter valued at approximately $9,245,000. Pier Capital LLC increased its holdings in shares of Cubic by 94.1% in the second quarter. Pier Capital LLC now owns 102,586 shares of the scientific and technical instruments company’s stock valued at $6,586,000 after purchasing an additional 49,731 shares during the period. Finally, Artisan Partners Limited Partnership increased its holdings in shares of Cubic by 16.5% in the second quarter. Artisan Partners Limited Partnership now owns 342,216 shares of the scientific and technical instruments company’s stock valued at $21,970,000 after purchasing an additional 48,417 shares during the period. 96.24% of the stock is currently owned by institutional investors and hedge funds.

In other Cubic news, Director David F. Melcher acquired 1,000 shares of the company’s stock in a transaction that occurred on Friday, September 14th. The shares were purchased 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 approximately $149,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 7.90% of the company’s stock.



A number of research firms have recently issued reports on CUB. Drexel Hamilton set a $85.00 target price on Cubic and gave the company a “buy” rating in a report on Thursday. ValuEngine lowered Cubic from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 1st. Zacks Investment Research raised Cubic from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 9th. Finally, Canaccord Genuity boosted their target price on Cubic from $76.00 to $78.00 and gave the company a “buy” rating in a report on Thursday, August 9th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $73.17.

Shares of CUB stock opened at $65.90 on Friday. Cubic Co. has a 1-year low of $52.00 and a 1-year high of $77.35. The firm has a market cap of $1.78 billion, a P/E ratio of 167.05 and a beta of 1.13. The company has a current ratio of 2.22, a quick ratio of 1.76 and a debt-to-equity ratio of 0.33.

Cubic (NYSE:CUB) last announced its quarterly earnings data on Thursday, November 15th. The scientific and technical instruments company reported $0.80 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.87 by ($0.07). Cubic had a return on equity of 1.54% and a net margin of 0.57%. During the same period last year, the business posted $0.49 EPS. Equities analysts predict that Cubic Co. will post 1.1 EPS for the current fiscal year.

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Cubic Company 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).

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Institutional Ownership by Quarter for Cubic (NYSE:CUB)

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