Great West Life Assurance Co. Can Increases Position in Cubic Corporation (NYSE:CUB)

Great West Life Assurance Co. Can increased its position in shares of Cubic Corporation (NYSE:CUB) by 3.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 225,055 shares of the scientific and technical instruments company’s stock after buying an additional 7,177 shares during the period. Great West Life Assurance Co. Can’s holdings in Cubic Corporation were worth $10,390,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. State of Alaska Department of Revenue increased its position in shares of Cubic Corporation by 2.2% in the first quarter. State of Alaska Department of Revenue now owns 2,750 shares of the scientific and technical instruments company’s stock worth $145,000 after buying an additional 60 shares during the last quarter. Louisiana State Employees Retirement System increased its position in shares of Cubic Corporation by 2.0% in the first quarter. Louisiana State Employees Retirement System now owns 10,200 shares of the scientific and technical instruments company’s stock worth $539,000 after buying an additional 200 shares during the last quarter. Arizona State Retirement System increased its position in shares of Cubic Corporation by 1.6% in the first quarter. Arizona State Retirement System now owns 12,988 shares of the scientific and technical instruments company’s stock worth $686,000 after buying an additional 200 shares during the last quarter. Meadow Creek Investment Management LLC increased its position in shares of Cubic Corporation by 11.3% in the first quarter. Meadow Creek Investment Management LLC now owns 2,006 shares of the scientific and technical instruments company’s stock worth $106,000 after buying an additional 204 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its position in shares of Cubic Corporation by 4.2% in the second quarter. Municipal Employees Retirement System of Michigan now owns 5,890 shares of the scientific and technical instruments company’s stock worth $273,000 after buying an additional 240 shares during the last quarter. Institutional investors own 90.69% of the company’s stock.

Cubic Corporation (NYSE:CUB) opened at 40.20 on Thursday. The firm’s market capitalization is $1.09 billion. Cubic Corporation has a 12 month low of $39.50 and a 12 month high of $55.65. The stock’s 50 day moving average price is $46.31 and its 200 day moving average price is $48.82.

Cubic Corporation (NYSE:CUB) last issued its quarterly earnings data on Thursday, August 3rd. The scientific and technical instruments company reported ($0.81) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by $0.86. The firm had revenue of $361.87 million for the quarter, compared to the consensus estimate of $383.47 million. Cubic Corporation had a negative return on equity of 4.74% and a negative net margin of 2.20%. Cubic Corporation’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.17 earnings per share. On average, analysts forecast that Cubic Corporation will post ($0.58) earnings per share for the current year.

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CUB has been the subject of several analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $48.00 price objective (down from $52.00) on shares of Cubic Corporation in a research report on Wednesday. BidaskClub downgraded Cubic Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Zacks Investment Research downgraded Cubic Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, April 12th. ValuEngine downgraded Cubic Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Finally, Canaccord Genuity reduced their price objective on Cubic Corporation from $60.00 to $50.00 and set a “buy” rating for the company in a research report on Friday, August 4th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $53.50.

About Cubic Corporation

Cubic Corporation (Cubic) designs, integrates and operates systems, products and services that provide situational awareness for its customers in the transportation and defense industries. The Company operates in three business segments across the global transportation and defense markets, which include Cubic Transportation Systems (CTS), Cubic Global Defense (CGD) and Cubic Global Defense Services (CGD Services).

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Institutional Ownership by Quarter for Cubic Corporation (NYSE:CUB)

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