Millennium Management LLC grew its stake in shares of Cincinnati Bell Inc. (NYSE:CBB) by 4,340.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 468,215 shares of the utilities provider’s stock after buying an additional 457,670 shares during the quarter. Millennium Management LLC owned 0.93% of Cincinnati Bell worth $2,373,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of CBB. Bank of Montreal Can raised its position in shares of Cincinnati Bell by 123.0% during the 2nd quarter. Bank of Montreal Can now owns 5,616 shares of the utilities provider’s stock valued at $28,000 after buying an additional 3,098 shares in the last quarter. Tower Research Capital LLC TRC raised its position in Cincinnati Bell by 86.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 5,564 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 2,574 shares during the period. Quantamental Technologies LLC purchased a new position in Cincinnati Bell in the 2nd quarter worth $42,000. Marshall Wace LLP purchased a new position in Cincinnati Bell in the 2nd quarter worth $64,000. Finally, Wedbush Securities Inc. purchased a new position in Cincinnati Bell in the 2nd quarter worth $70,000. Hedge funds and other institutional investors own 98.26% of the company’s stock.
Separately, upgraded shares of Cincinnati Bell from a “hold” rating to a “buy” rating in a research report on Saturday, December 7th.
Shares of NYSE:CBB opened at $7.58 on Tuesday. The stock has a market cap of $379.16 million, a PE ratio of -6.83 and a beta of 1.34. The company’s fifty day moving average is $6.11 and its 200 day moving average is $5.27. Cincinnati Bell Inc. has a 52 week low of $3.19 and a 52 week high of $11.00.
Cincinnati Bell (NYSE:CBB) last issued its earnings results on Thursday, November 7th. The utilities provider reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.17). The company had revenue of $382.50 million for the quarter, compared to the consensus estimate of $381.15 million. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.16) EPS. On average, equities research analysts predict that Cincinnati Bell Inc. will post -1.14 EPS for the current fiscal year.
About Cincinnati Bell
Cincinnati Bell Inc, together with its subsidiaries, provides diversified telecommunications and technology services to residential and business customers in the United States. It operates in two segments, Entertainment and Communications, and IT Services and Hardware. The Entertainment and Communications segment offers data services, including high-speed Internet access, data transport, and interconnection services, as well as metro-Ethernet products; and voice local services, as well as long distance, digital trunking, switched access, and other value-added services, such as caller identification, voicemail, call waiting, and call return.
Want to see what other hedge funds are holding CBB? to get the latest 13F filings and insider trades for Cincinnati Bell Inc. (NYSE:CBB).
Receive News & Ratings for Cincinnati Bell Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cincinnati Bell and related companies with .