Trade Report: Today, Heartland Advisors Inc. invests in Willbros Group Inc. (WG) Shares

Today, Heartland Advisors Inc. invests in Willbros Group Inc. (WG) Shares

Heartland Advisors Inc. increased its stake in Willbros Group Inc. (NYSE:WG) by 0.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,687,300 shares of the company’s stock after buying an additional 15,916 shares during the period. Heartland Advisors Inc. owned 7.49% of Willbros Group worth $8,812,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Acadian Asset Management LLC raised its position in shares of Willbros Group by 1,353.4% in the second quarter. Acadian Asset Management LLC now owns 74,487 shares of the company’s stock valued at $187,000 after buying an additional 69,362 shares during the period. Strs Ohio acquired a new position in Willbros Group during the second quarter valued at approximately $312,000. Bank of New York Mellon Corp raised its position in Willbros Group by 184.5% in the second quarter. Bank of New York Mellon Corp now owns 146,047 shares of the company’s stock valued at $369,000 after buying an additional 94,709 shares during the last quarter. California State Teachers Retirement System acquired a new position in Willbros Group during the second quarter valued at approximately $229,000. Finally, Emerald Acquisition Ltd. acquired a new position in Willbros Group during the second quarter valued at approximately $1,558,000. 59.05% of the stock is owned by institutional investors.

Shares of Willbros Group Inc. (NYSE:WG) traded down 4.12% during mid-day trading on Friday, reaching $2.56. 96,834 shares of the company traded hands. Willbros Group Inc. has a 52-week low of $1.11 and a 52-week high of $3.43. The company has a market capitalization of $160.33 million, a P/E ratio of 3.62 and a beta of 2.28. The firm’s 50 day moving average price is $1.89 and its 200-day moving average price is $2.25.

Willbros Group (NYSE:WG) last announced its earnings results on Monday, October 31st. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.08) by $0.10. Willbros Group had a net margin of 5.58% and a negative return on equity of 24.32%. The firm earned $174.80 million during the quarter, compared to analyst estimates of $189.50 million. During the same period in the previous year, the firm posted ($0.29) EPS. The company’s revenue for the quarter was down 21.3% compared to the same quarter last year. Equities analysts predict that Willbros Group Inc. will post ($0.51) earnings per share for the current fiscal year.

WG has been the subject of several recent research reports. Credit Suisse Group AG reissued a “sell” rating and issued a $1.40 price objective on shares of Willbros Group in a research note on Tuesday, August 2nd. Zacks Investment Research raised shares of Willbros Group from a “sell” rating to a “hold” rating in a research note on Tuesday, August 23rd.

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