Public Employees Retirement System of Ohio Boosts Holdings in Cincinnati Bell Inc (CBB)

Public Employees Retirement System of Ohio grew its holdings in Cincinnati Bell Inc (NYSE:CBB) by 10.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,511 shares of the utilities provider’s stock after acquiring an additional 606 shares during the period. Public Employees Retirement System of Ohio’s holdings in Cincinnati Bell were worth $127,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. Pinebridge Investments L.P. grew its stake in shares of Cincinnati Bell by 1.0% in the second quarter. Pinebridge Investments L.P. now owns 5,551 shares of the utilities provider’s stock worth $108,000 after acquiring an additional 55 shares in the last quarter. State of Alaska Department of Revenue grew its stake in shares of Cincinnati Bell by 78.8% in the second quarter. State of Alaska Department of Revenue now owns 8,316 shares of the utilities provider’s stock worth $162,000 after acquiring an additional 3,666 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its stake in shares of Cincinnati Bell by 4.1% in the second quarter. Municipal Employees Retirement System of Michigan now owns 9,950 shares of the utilities provider’s stock worth $195,000 after acquiring an additional 390 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of Cincinnati Bell by 41.5% in the second quarter. BNP Paribas Arbitrage SA now owns 12,883 shares of the utilities provider’s stock worth $252,000 after acquiring an additional 3,779 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. grew its stake in shares of Cincinnati Bell by 0.5% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 19,134 shares of the utilities provider’s stock worth $374,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Cincinnati Bell Inc (NYSE:CBB) opened at $19.70 on Friday. The company has a debt-to-equity ratio of -4.26, a quick ratio of 0.94 and a current ratio of 1.02. The company has a market cap of $831.06, a price-to-earnings ratio of 197.00, a P/E/G ratio of 5.83 and a beta of 1.47. Cincinnati Bell Inc has a 12 month low of $16.05 and a 12 month high of $24.45.

Cincinnati Bell (NYSE:CBB) last issued its earnings results on Thursday, November 2nd. The utilities provider reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.05. The firm had revenue of $289.20 million during the quarter, compared to the consensus estimate of $286.22 million. Cincinnati Bell had a net margin of 4.13% and a negative return on equity of 2.69%. The company’s revenue was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.38 earnings per share. analysts expect that Cincinnati Bell Inc will post 1.13 EPS for the current year.

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CBB has been the subject of several research reports. ValuEngine upgraded shares of Cincinnati Bell from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Gabelli downgraded shares of Cincinnati Bell from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, BidaskClub upgraded shares of Cincinnati Bell from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $23.50.

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.

Institutional Ownership by Quarter for Cincinnati Bell (NYSE:CBB)

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