Cincinnati Bell Inc. (NYSE:CBB) CFO Andrew R. Kaiser acquired 3,000 shares of the business’s stock in a transaction dated Tuesday, February 27th. The shares were acquired at an average cost of $15.90 per share, with a total value of $47,700.00. Following the transaction, the chief financial officer now owns 24,280 shares in the company, valued at $386,052. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Cincinnati Bell Inc. (NYSE CBB) traded up $0.22 during mid-day trading on Thursday, hitting $16.37. 232,532 shares of the stock were exchanged, compared to its average volume of 325,395. 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 0.94 and a current ratio of 1.99. The company has a market cap of $689.73, a P/E ratio of 21.80 and a beta of 1.45.
Cincinnati Bell (NYSE:CBB) last issued its quarterly earnings data on Thursday, February 15th. The utilities provider reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.24). Cincinnati Bell had a net margin of 2.52% and a negative return on equity of 0.61%. The business had revenue of $427.10 million for the quarter, compared to the consensus estimate of $462.31 million. During the same period in the previous year, the firm earned $0.01 EPS. The company’s revenue was up 49.7% on a year-over-year basis. sell-side analysts expect that Cincinnati Bell Inc. will post -0.14 earnings per share for the current fiscal year.
Several hedge funds have recently modified their holdings of CBB. MetLife Investment Advisors LLC bought a new position in Cincinnati Bell in the 4th quarter worth $407,000. Millennium Management LLC boosted its holdings in Cincinnati Bell by 77.1% in the 4th quarter. Millennium Management LLC now owns 450,300 shares of the utilities provider’s stock worth $9,389,000 after buying an additional 196,034 shares during the period. Cornerstone Capital Management Holdings LLC. boosted its holdings in Cincinnati Bell by 118.0% in the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 87,000 shares of the utilities provider’s stock worth $1,813,000 after buying an additional 47,100 shares during the period. TIAA CREF Investment Management LLC boosted its holdings in Cincinnati Bell by 19.6% in the 4th quarter. TIAA CREF Investment Management LLC now owns 244,108 shares of the utilities provider’s stock worth $5,090,000 after buying an additional 40,001 shares during the period. Finally, Teachers Advisors LLC boosted its holdings in Cincinnati Bell by 4.6% in the 4th quarter. Teachers Advisors LLC now owns 80,876 shares of the utilities provider’s stock worth $1,686,000 after buying an additional 3,585 shares during the period. 83.52% of the stock is owned by hedge funds and other institutional investors.
TRADEMARK VIOLATION WARNING: This story was first posted by Ticker Report and is the sole property of of Ticker Report. If you are reading this story on another site, it was stolen and reposted in violation of United States and international trademark & copyright law. The original version of this story can be viewed at https://www.tickerreport.com/banking-finance/3230693/insider-buying-cincinnati-bell-inc-cbb-cfo-purchases-47700-00-in-stock.html.
About Cincinnati Bell
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.
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 MarketBeat.com's FREE daily email newsletter.