Mesirow Financial Investment Management Equity Management Sells 41,029 Shares of Cubic Co. (CUB)

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Mesirow Financial Investment Management Equity Management reduced its holdings in Cubic Co. (NYSE:CUB) by 16.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 203,980 shares of the scientific and technical instruments company’s stock after selling 41,029 shares during the period. Cubic accounts for about 1.5% of Mesirow Financial Investment Management Equity Management’s portfolio, making the stock its 16th largest holding. Mesirow Financial Investment Management Equity Management’s holdings in Cubic were worth $10,962,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of CUB. Tower Research Capital LLC TRC increased its stake in shares of Cubic by 211.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,743 shares of the scientific and technical instruments company’s stock worth $127,000 after purchasing an additional 1,183 shares during the last quarter. Bank of Montreal Can increased its stake in shares of Cubic by 10.1% during the 4th quarter. Bank of Montreal Can now owns 1,973 shares of the scientific and technical instruments company’s stock worth $106,000 after purchasing an additional 181 shares during the last quarter. Engineers Gate Manager LP acquired a new position in shares of Cubic during the 3rd quarter worth about $205,000. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Cubic during the 3rd quarter worth about $205,000. Finally, Invictus RG acquired a new position in shares of Cubic during the 3rd quarter worth about $267,000. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Several research analysts have recently weighed in on CUB shares. Drexel Hamilton set a $85.00 price objective on shares of Cubic and gave the stock a “buy” rating in a research note on Tuesday, January 8th. Needham & Company LLC upgraded shares of Cubic from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a research note on Friday, November 16th. ValuEngine lowered shares of Cubic from a “buy” rating to a “hold” rating in a research note on Tuesday, November 27th. Zacks Investment Research upgraded shares of Cubic from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a research note on Wednesday, November 21st. Finally, JPMorgan Chase & Co. upgraded shares of Cubic from a “neutral” rating to an “overweight” rating and set a $59.03 price objective on the stock in a research note on Sunday, December 9th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $74.21.

Shares of CUB stock opened at $57.95 on Monday. The stock has a market cap of $1.81 billion, a P/E ratio of 90.55 and a beta of 1.26. The company has a quick ratio of 1.78, a current ratio of 2.06 and a debt-to-equity ratio of 0.23. Cubic Co. has a 52 week low of $50.61 and a 52 week high of $77.35.

Cubic (NYSE:CUB) last announced its earnings results on Wednesday, February 6th. The scientific and technical instruments company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.10). The company had revenue of $305.30 million for the quarter, compared to the consensus estimate of $288.55 million. Cubic had a return on equity of 2.30% and a net margin of 1.23%. The business’s quarterly revenue was up 22.9% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.36) EPS. On average, research analysts forecast that Cubic Co. will post 1.55 EPS for the current year.

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About Cubic

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 three segments: Cubic Transportation Systems (CTS), Cubic Global Defense Systems (CGD), and Cubic Mission Solutions (CMS).

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Institutional Ownership by Quarter for Cubic (NYSE:CUB)

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