Trade Report: Today, Ciber Inc. (CBR) Receives Neutral Rating from B. Riley

Today, Ciber Inc. (CBR) Receives Neutral Rating from B. Riley

Ciber Inc. (NYSE:CBR)‘s stock had its “neutral” rating reiterated by investment analysts at B. Riley in a note issued to investors on Tuesday. They currently have a $1.00 target price on the stock. B. Riley’s price target points to a potential upside of 26.58% from the company’s current price.

Separately, Zacks Investment Research cut shares of Ciber from a “buy” rating to a “hold” rating in a research note on Monday, August 8th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $2.22.

Shares of Ciber (NYSE:CBR) remained flat at $0.79 during mid-day trading on Tuesday. The stock had a trading volume of 155,568 shares. The firm’s market cap is $64.50 million. Ciber has a 52 week low of $0.63 and a 52 week high of $3.75. The firm has a 50-day moving average price of $0.89 and a 200-day moving average price of $1.21.

Ciber (NYSE:CBR) last announced its quarterly earnings results on Tuesday, November 8th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.09) by $0.14. The company earned $144.30 million during the quarter, compared to analysts’ expectations of $153.28 million. Ciber had a negative return on equity of 22.69% and a negative net margin of 24.84%. On average, analysts expect that Ciber will post ($0.77) EPS for the current fiscal year.

In other Ciber news, major shareholder Legion Partners Asset Manageme bought 512,100 shares of the firm’s stock in a transaction dated Thursday, November 17th. The shares were purchased at an average cost of $0.65 per share, for a total transaction of $332,865.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 9.20% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Boston Partners increased its position in shares of Ciber by 96.4% in the second quarter. Boston Partners now owns 6,375,855 shares of the company’s stock valued at $9,564,000 after buying an additional 3,129,035 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Ciber by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,076,304 shares of the company’s stock valued at $21,328,000 after buying an additional 43,680 shares during the last quarter. Frontier Capital Management Co. LLC increased its position in shares of Ciber by 5.4% in the fourth quarter. Frontier Capital Management Co. LLC now owns 5,179,055 shares of the company’s stock valued at $18,178,000 after buying an additional 264,635 shares during the last quarter. BlackRock Fund Advisors increased its position in shares of Ciber by 2.1% in the first quarter. BlackRock Fund Advisors now owns 4,877,660 shares of the company’s stock valued at $10,292,000 after buying an additional 98,198 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Ciber by 8.0% in the second quarter. Vanguard Group Inc. now owns 3,121,081 shares of the company’s stock valued at $4,682,000 after buying an additional 231,488 shares during the last quarter. Institutional investors own 58.36% of the company’s stock.

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