Insider Buying: Cincinnati Bell CFO Acquires 12,282 Shares of Stock (CBB)
Cincinnati Bell (NYSE:CBB) CFO Leigh R. Fox acquired 12,282 shares of the company’s stock on the open market in a transaction that occurred on Monday, June 2nd. The shares were purchased at an average cost of $3.90 per share, with a total value of $47,899.80. Following the completion of the purchase, the chief financial officer now directly owns 39,627 shares of the company’s stock, valued at approximately $154,545. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Cincinnati Bell (NYSE:CBB) opened at 3.88 on Friday. Cincinnati Bell has a one year low of $2.62 and a one year high of $3.98. The stock has a 50-day moving average of $3.61 and a 200-day moving average of $3.51. The company’s market cap is $811.2 million.
Cincinnati Bell (NYSE:CBB) last announced its earnings results on Thursday, May 8th. The company reported $0.02 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.02. The company had revenue of $322.50 million for the quarter, compared to the consensus estimate of $303.86 million. During the same quarter in the prior year, the company posted $0.01 earnings per share. The company’s quarterly revenue was down 1.0% on a year-over-year basis. Analysts expect that Cincinnati Bell will post $0.06 EPS for the current fiscal year.
Separately, analysts at Zacks reiterated a “neutral” rating on shares of Cincinnati Bell in a research note on Thursday, April 17th. They now have a $3.50 price target on the stock.
Cincinnati Bell Inc is a full-service provider of data and voice communications services over wireline and wireless networks, a full-service provider of data center colocation and related managed services, and a reseller of information technology (NYSE:CBB) and telephony equipment.
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