Swiss National Bank raised its holdings in shares of Cincinnati Bell Inc. (NYSE:CBB) by 6.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,740 shares of the utilities provider’s stock after acquiring an additional 3,800 shares during the quarter. Swiss National Bank owned approximately 0.15% of Cincinnati Bell worth $1,350,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of CBB. State Street Corp increased its holdings in Cincinnati Bell by 4.0% during the 2nd quarter. State Street Corp now owns 1,117,322 shares of the utilities provider’s stock valued at $21,837,000 after acquiring an additional 43,375 shares in the last quarter. Citadel Advisors LLC increased its holdings in Cincinnati Bell by 190.4% during the 3rd quarter. Citadel Advisors LLC now owns 62,237 shares of the utilities provider’s stock valued at $1,235,000 after acquiring an additional 40,805 shares in the last quarter. Cornerstone Capital Management Holdings LLC. purchased a new position in Cincinnati Bell during the 3rd quarter valued at about $791,000. 361 Capital LLC purchased a new position in Cincinnati Bell during the 3rd quarter valued at about $770,000. Finally, Schwab Charles Investment Management Inc. increased its holdings in Cincinnati Bell by 10.3% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 390,724 shares of the utilities provider’s stock valued at $7,756,000 after acquiring an additional 36,362 shares in the last quarter. Hedge funds and other institutional investors own 84.13% of the company’s stock.
In other news, VP Christopher J. Wilson purchased 2,959 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were bought at an average cost of $14.45 per share, with a total value of $42,757.55. Following the purchase, the vice president now directly owns 51,723 shares of the company’s stock, valued at $747,397.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Andrew R. Kaiser purchased 3,000 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were purchased at an average cost of $15.90 per share, for a total transaction of $47,700.00. Following the completion of the purchase, the chief financial officer now directly owns 24,280 shares in the company, valued at $386,052. The disclosure for this purchase can be found here. Insiders have acquired a total of 7,334 shares of company stock worth $110,450 over the last ninety days. 1.40% of the stock is owned by corporate insiders.
Shares of Cincinnati Bell Inc. (NYSE CBB) opened at $14.95 on Wednesday. Cincinnati Bell Inc. has a 12 month low of $14.00 and a 12 month high of $22.20. The company has a debt-to-equity ratio of -6.35, a quick ratio of 1.86 and a current ratio of 1.99.
Cincinnati Bell (NYSE:CBB) last released its quarterly earnings results on Thursday, February 15th. The utilities provider reported ($0.18) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.24). Cincinnati Bell had a negative return on equity of 0.61% and a net margin of 2.52%. The firm had revenue of $427.10 million for the quarter, compared to analyst estimates of $462.31 million. During the same period in the prior year, the business earned $0.01 earnings per share. Cincinnati Bell’s revenue for the quarter was up 49.7% on a year-over-year basis. analysts forecast that Cincinnati Bell Inc. will post -0.33 earnings per share for the current year.
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Cincinnati Bell Company Profile
Cincinnati Bell Inc, along with its subsidiaries, provides diversified telecommunications and technology services. The Company operates through two segments: Entertainment and Communications, and IT Services and Hardware. Through its Entertainment and Communications segment, the Company provides high-speed data, video and voice solutions to consumers and businesses over fiber network and a legacy copper network.
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