Systematic Financial Management Lp buys $104,876,369 stake in KBR (KBR)

KBR (KBR) : Systematic Financial Management Lp scooped up 79,379 additional shares in KBR during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 6,757,498 shares of KBR which is valued at $104,876,369.KBR makes up approximately 1.36% of Systematic Financial Management Lp’s portfolio.

Other Hedge Funds, Including , Dimensional Fund Advisors Lp boosted its stake in KBR in the latest quarter, The investment management firm added 110,473 additional shares and now holds a total of 2,719,253 shares of KBR which is valued at $42,202,807. KBR makes up approx 0.02% of Dimensional Fund Advisors Lp’s portfolio.Td Asset Management Inc reduced its stake in KBR by selling 14,400 shares or 7.26% in the most recent quarter. The Hedge Fund company now holds 184,000 shares of KBR which is valued at $2,824,400. KBR makes up approx 0.01% of Td Asset Management Inc’s portfolio.Sg Americas Securities reduced its stake in KBR by selling 7,738 shares or 16.59% in the most recent quarter. The Hedge Fund company now holds 38,907 shares of KBR which is valued at $584,772.Great West Life Assurance Co Can boosted its stake in KBR in the latest quarter, The investment management firm added 69,406 additional shares and now holds a total of 84,565 shares of KBR which is valued at $1,271,012.Corbyn Investment Management Incmd reduced its stake in KBR by selling 37,375 shares or 9.0% in the most recent quarter. The Hedge Fund company now holds 377,681 shares of KBR which is valued at $5,495,259. KBR makes up approx 1.71% of Corbyn Investment Management Incmd’s portfolio.

KBR closed down -0.24 points or -1.53% at $15.47 with 11,16,359 shares getting traded on Wednesday. Post opening the session at $15.71, the shares hit an intraday low of $15.455 and an intraday high of $15.71 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, KBR reported $0.35 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 29, 2016. Analyst had a consensus of $0.32. The company had revenue of $1009.00 million for the quarter, compared to analysts expectations of $1053.61 million. The company’s revenue was down -26.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.46 EPS.

Many Wall Street Analysts have commented on KBR. Company shares were Reiterated by MKM Partners on Aug 2, 2016 to “Neutral”, Firm has raised the Price Target to $ 14 from a previous price target of $13 .KBR was Initiated by MKM Partners to “Neutral” on Jun 29, 2016.

KBR Inc. is an engineering procurement construction and services company. The Company 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 Company operates in three business segments: Technology & Consulting (T&C) Engineering & Construction (E&C) and Government Services (GS). The T&C segment provides technologies and consulting services to the oil and gas value chain. The E&C provides engineering and engineering procurement and construction services for the development construction and commissioning of projects. The GS business segment focuses on service contracts particularly for the United Kingdom Australian and United States Governments. It provides services to international and national oil and gas companies independent refiners manufacturers and domestic and foreign Governments among others.

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