Institutional Investors Are Selling Cubic Corp (NYSE:CUB)

May 18, 2018 - By Joseph Arnett

Sentiment for Cubic Corp (NYSE:CUB)

Cubic Corp (NYSE:CUB) institutional sentiment decreased to 1.13 in 2017 Q4. Its down -0.71, from 1.84 in 2017Q3. The ratio turned negative, as 77 investment professionals increased and started new holdings, while 68 sold and decreased their positions in Cubic Corp. The investment professionals in our partner’s database reported: 23.66 million shares, down from 24.06 million shares in 2017Q3. Also, the number of investment professionals holding Cubic Corp in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 16 Reduced: 52 Increased: 49 New Position: 28.

Cubic Corporation provides systems and solutions for the transportation and defense markets in the United States and internationally. The company has market cap of $1.91 billion. It operates through three divisions: Cubic Transportation Systems , Cubic Global Defense Systems (CGD Systems), and Cubic Global Defense Services (CGD Services). It currently has negative earnings. The CTS segment provides fare collection and revenue management devices, software, systems and multiagency, multimodal integration technologies, and operational services for transportation authorities and operators.

It closed at $70.25 lastly. It is down 20.61% since May 18, 2017 and is uptrending. It has outperformed by 9.06% the S&P500.

Analysts await Cubic Corporation (NYSE:CUB) to report earnings on August, 2. They expect $0.30 earnings per share, up 137.04 % or $1.11 from last year’s $-0.81 per share. CUB’s profit will be $8.17 million for 58.54 P/E if the $0.30 EPS becomes a reality. After $-0.12 actual earnings per share reported by Cubic Corporation for the previous quarter, Wall Street now forecasts -350.00 % EPS growth.

Rutabaga Capital Management Llc Ma holds 2.46% of its portfolio in Cubic Corporation for 181,578 shares. Granite Investment Partners Llc owns 276,603 shares or 1.03% of their US portfolio. Moreover, Rodgers Brothers Inc. has 0.78% invested in the company for 40,425 shares. The Wisconsin-based Cortina Asset Management Llc has invested 0.69% in the stock. Morgan Dempsey Capital Management Llc, a Wisconsin-based fund reported 28,161 shares.

Since January 1, 0001, it had 1 insider buy, and 2 selling transactions for $215,783 activity.

Cubic Corporation (NYSE:CUB) Ratings Coverage

Ratings analysis reveals 40% of Cubic’s analysts are positive. Out of 5 Wall Street analysts rating Cubic, 2 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $59.0 while the high is $7200. The stock’s average target of $65.50 is -6.76% below today’s ($70.25) share price. CUB was included in 6 notes of analysts from November 21, 2017. The rating was maintained by Canaccord Genuity with “Buy” on Tuesday, November 21. Canaccord Genuity maintained the shares of CUB in report on Thursday, April 19 with “Buy” rating. The rating was downgraded by JP Morgan on Monday, November 27 to “Neutral”. On Monday, November 27 the stock rating was downgraded by J.P. Morgan to “Hold”. The stock of Cubic Corporation (NYSE:CUB) has “Hold” rating given on Monday, May 14 by Needham.

More notable recent Cubic Corporation (NYSE:CUB) news were published by: Seekingalpha.com which released: “Cubic Corporation 2018 Q2 – Results – Earnings Call Slides” on May 03, 2018, also Seekingalpha.com with their article: “Cubic Corporation’s (CUB) CEO Brad Feldmann on Q2 2018 Results – Earnings Call Transcript” published on May 03, 2018, Streetinsider.com published: “Cubic Corp. (CUB) Secures 8 Additional Delivery Orders Totaling $16M from US Navy for Immersive Game-Based …” on May 10, 2018. More interesting news about Cubic Corporation (NYSE:CUB) were released by: Benzinga.com and their article: “Earnings Outlook For Cubic” published on May 02, 2018 as well as Benzinga.com‘s news article titled: “Cubic Corp. Is The ‘Top Gun’ In Payments, William Blair Says In Bullish Initiation” with publication date: May 08, 2018.

Cubic Corporation (NYSE:CUB) Institutional Positions Chart

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