Intrepid Capital Management Inc Lowers stake in Cubic Corporation (CUB)

Cubic Corporation (CUB) : Intrepid Capital Management Inc reduced its stake in Cubic Corporation by 14.7% during the most recent quarter end. The investment management company now holds a total of 295,182 shares of Cubic Corporation which is valued at $13,551,806 after selling 50,877 shares in Cubic Corporation , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Cubic Corporation makes up approximately 5.86% of Intrepid Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Teachers Advisors Inc boosted its stake in CUB in the latest quarter, The investment management firm added 8,087 additional shares and now holds a total of 246,743 shares of Cubic Corporation which is valued at $11,327,971. Cubic Corporation makes up approx 0.02% of Teachers Advisors Inc’s portfolio.Advisors Asset Management boosted its stake in CUB in the latest quarter, The investment management firm added 4,516 additional shares and now holds a total of 18,485 shares of Cubic Corporation which is valued at $843,471. Cubic Corporation makes up approx 0.01% of Advisors Asset Management’s portfolio. American Century Companies Inc sold out all of its stake in CUB during the most recent quarter. The investment firm sold 38,046 shares of CUB which is valued $1,588,421.

Cubic Corporation opened for trading at $46.64 and hit $47.56 on the upside on Monday, eventually ending the session at $47.36, with a gain of 1.38% or 0.645 points. The heightened volatility saw the trading volume jump to 1,06,771 shares. Company has a market cap of $1,278 M.

On the company’s financial health, Cubic Corporation reported $0.17 EPS for the quarter, missing the analyst consensus estimate by $ -0.11 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $0.28. The company had revenue of $375.20 million for the quarter, compared to analysts expectations of $384.78 million. The company’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS.

Many Wall Street Analysts have commented on Cubic Corporation. Needham Upgraded Cubic Corporation on Aug 1, 2016 to ” Buy”, Price Target of the shares are set at $48.Canaccord Genuity Initiated Cubic Corporation on Jun 8, 2016 to “Buy”, Price Target of the shares are set at $48.

Cubic Corporation (Cubic) is an international provider of systems and solutions that address the mass transit and global defense markets. The Company operates in three segments: Cubic Transportation Systems (CTS) Mission Support Services (MSS) and Cubic Defense Systems (CDS). As of the September 30 2013 (fiscal 2013) the Company’s CTS business accounted for approximately 38%; MSS and CDS accounted for approximately 62%. CTS specialize in the design development production installation maintenance and operation of automated fare payment and revenue management infrastructure and technologies for transit operators.

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