Point View Wealth Management Inc. Cuts Stake in Chicago Bridge & Iron (CBI)

Point View Wealth Management Inc. trimmed its position in Chicago Bridge & Iron (NYSE:CBI) by 12.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 38,311 shares of the construction company’s stock after selling 5,386 shares during the period. Point View Wealth Management Inc.’s holdings in Chicago Bridge & Iron were worth $618,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. D.A. Davidson & CO. lifted its holdings in shares of Chicago Bridge & Iron by 22.9% in the third quarter. D.A. Davidson & CO. now owns 62,956 shares of the construction company’s stock valued at $1,057,000 after purchasing an additional 11,719 shares in the last quarter. Energy Opportunities Capital Management LLC bought a new stake in shares of Chicago Bridge & Iron in the third quarter valued at about $1,137,000. Legal & General Group Plc lifted its holdings in shares of Chicago Bridge & Iron by 23.4% in the third quarter. Legal & General Group Plc now owns 122,711 shares of the construction company’s stock valued at $2,060,000 after purchasing an additional 23,238 shares in the last quarter. IFP Advisors Inc increased its position in shares of Chicago Bridge & Iron by 46.0% in the third quarter. IFP Advisors Inc now owns 25,366 shares of the construction company’s stock valued at $426,000 after acquiring an additional 7,994 shares during the last quarter. Finally, Commonwealth Equity Services Inc increased its position in shares of Chicago Bridge & Iron by 76.3% in the third quarter. Commonwealth Equity Services Inc now owns 87,692 shares of the construction company’s stock valued at $1,473,000 after acquiring an additional 37,954 shares during the last quarter. Institutional investors own 67.67% of the company’s stock.

A number of analysts recently issued reports on the company. Jefferies Group set a $15.00 target price on Chicago Bridge & Iron and gave the company a “hold” rating in a research report on Tuesday, October 31st. Zacks Investment Research downgraded Chicago Bridge & Iron from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 4th. Robert W. Baird set a $17.00 target price on Chicago Bridge & Iron and gave the company a “hold” rating in a research report on Wednesday, January 3rd. ValuEngine downgraded Chicago Bridge & Iron from a “sell” rating to a “strong sell” rating in a research report on Friday, February 2nd. Finally, MKM Partners downgraded Chicago Bridge & Iron from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 3rd. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $19.07.

Chicago Bridge & Iron (NYSE:CBI) opened at $18.46 on Thursday. The firm has a market capitalization of $1,870.00, a P/E ratio of -5.34, a price-to-earnings-growth ratio of 1.01 and a beta of 2.40. Chicago Bridge & Iron has a 12-month low of $9.55 and a 12-month high of $36.15.

In other Chicago Bridge & Iron news, insider Daniel M. Mccarthy sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $15.34, for a total transaction of $115,050.00. Following the transaction, the insider now owns 97,464 shares of the company’s stock, valued at $1,495,097.76. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.10% of the stock is owned by insiders.

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About Chicago Bridge & Iron

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.

Institutional Ownership by Quarter for Chicago Bridge & Iron (NYSE:CBI)

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