Joe Huber increased its stake in Kbr Inc (KBR) by 2.45% based on its latest 2016Q3 regulatory filing with the SEC. Huber Capital Management Llc bought 255,741 shares as the company’s stock rose 13.93% with the market. The hedge fund run by Joe Huber held 10.68M shares of the basic industries company at the end of 2016Q3, valued at $161.66 million, up from 10.43M at the end of the previous reported quarter. Huber Capital Management Llc who had been investing in Kbr Inc for a number of months, seems to be bullish on the $2.47 billion market cap company. The stock closed at $17.11 during the last session. It is down 12.05% since June 7, 2016 and is uptrending. It has outperformed by 4.63% the S&P500.
Huber Capital Management Llc, which manages about $3.94 billion and $2.54 billion US Long portfolio, decreased its stake in Tupperware Brands Corp (NYSE:TUP) by 185,397 shares to 1.29M shares, valued at $84.07 million in 2016Q3, according to the filing. It also reduced its holding in Ca Inc (NASDAQ:CA) by 98,450 shares in the quarter, leaving it with 2.41 million shares, and cut its stake in Pfizer Inc (NYSE:PFE).
Huber Capital Management Llc is a California-based hedge fund that was founded by Joe Huber. It had more than $3.94 billion assets under management in February, 2014. Taken from Huber Capital Management latest Adv, the fund reported to have 10 full and part-time employees. Among which 6 performing investment advisory and research functions. The hedge fund had between 26-100 clients.
Insitutional Activity: The institutional sentiment decreased to 1.32 in 2016 Q3. Its down 0.10, from 1.42 in 2016Q2. The ratio turned negative, as 17 funds sold all KBR shares owned while 71 reduced positions. 27 funds bought stakes while 89 increased positions. They now own 131.98 million shares or 2.99% less from 136.05 million shares in 2016Q2. Oregon Public Employees Retirement Fund, a Oregon-based fund reported 49,151 shares. Jnba Financial Advsr accumulated 0% or 78 shares. Ubs Asset Mngmt Americas Incorporated owns 154,144 shares or 0% of their US portfolio. United Svcs Automobile Association owns 1.17 million shares or 0.06% of their US portfolio. Old Mutual Customised Solutions (Proprietary) Limited accumulated 1,800 shares or 0.01% of the stock. Louisiana State Employees Retirement last reported 36,900 shares in the company. Macquarie Group Ltd holds 315,350 shares or 0.01% of its portfolio. Teacher Retirement Systems Of Texas has 15,369 shares for 0% of their US portfolio. Kanaly Trust, a Texas-based fund reported 100 shares. Morgan Stanley last reported 1.36M shares in the company. Glenmede Comm Na has 0.02% invested in the company for 189,780 shares. Mai Management has 0.01% invested in the company for 11,122 shares. State Board Of Administration Of Florida Retirement last reported 0.01% of its portfolio in the stock. First Tru Advsrs Ltd Partnership has invested 0.02% of its portfolio in KBR, Inc. (NYSE:KBR). Ig Inv has 549,400 shares for 0.03% of their US portfolio.
Another recent and important KBR, Inc. (NYSE:KBR) news was published by Prnewswire.com which published an article titled: “Services Stocks on Investors’ Radar — KBR Inc., AECOM, Jacobs Engineering …” on January 04, 2017.
According to Zacks Investment Research, “KBR, Inc. is a leading global engineering, construction and services company supporting the energy, hydrocarbon, government services, minerals, civil infrastructure, power and industrial markets. The company is a leader in many of the growing end-markets it serves, particularly gas monetization, having designed and constructed, alone or with joint venture partners, more than half of the world’s operating liquefied natural gas (LNG) production capacity. KBR offers a wide range of services through its Upstream, Downstream, Technology, Services, Government and Infrastructure, and Ventures business segments.”
KBR, Inc. (NYSE:KBR) Ratings Coverage
Out of 8 analysts covering KBR Inc (NYSE:KBR), 5 rate it a “Buy”, 2 “Sell”, while 1 “Hold”. This means 63% are positive. KBR Inc has been the topic of 17 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Monday, November 21 by M Partners. M Partners maintained it with “Neutral” rating and $16 target price in Tuesday, September 13 report. The firm has “Hold” rating by Johnson Rice given on Monday, May 2. UBS maintained KBR, Inc. (NYSE:KBR) rating on Wednesday, August 5. UBS has “Neutral” rating and $18.50 price target. The stock of KBR, Inc. (NYSE:KBR) earned “Sell” rating by Citigroup on Friday, November 13. Goldman Sachs downgraded KBR, Inc. (NYSE:KBR) on Monday, December 7 to “Sell” rating. The stock has “Sell” rating given by Goldman Sachs on Tuesday, October 11. As per Tuesday, October 4, the company rating was upgraded by Deutsche Bank. The firm has “Buy” rating by Bank of America given on Thursday, November 17. The firm has “Accumulate” rating by Johnson Rice given on Wednesday, October 5.
KBR Company Profile
KBR, Inc. (KBR), incorporated on March 21, 2006, is an engineering, procurement, construction and services company. The Firm supports global hydrocarbons and international Government services market sectors. The Firm offers a portfolio of technology and consulting services; engineering, construction, procurement and asset maintenance services, and base operational, logistics, life support and asset management services. The Firm operates through three business divisions: Technology & Consulting (T&C), Engineering & Construction (E&C), and Government Services (GS). The Firm provides services to a customer base, including international and national gas and oil companies, independent refiners, petrochemical producers, fertilizer producers, manufacturers and domestic and foreign Governments.
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