WealthTrust Axiom LLC Has $2,357,000 Stake in CUI Global Inc. (CUI)
WealthTrust Axiom LLC increased its position in CUI Global Inc. (NASDAQ:CUI) by 60.2% during the second quarter, Holdings Channel reports. The institutional investor owned 466,849 shares of the company’s stock after buying an additional 175,370 shares during the period. WealthTrust Axiom LLC owned 2.24% of CUI Global worth $2,357,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Clear Harbor Asset Management LLC increased its stake in shares of CUI Global by 4.5% in the first quarter. Clear Harbor Asset Management LLC now owns 1,072,387 shares of the company’s stock worth $8,665,000 after buying an additional 46,480 shares in the last quarter. Royal Bank of Canada increased its stake in shares of CUI Global by 9.5% in the first quarter. Royal Bank of Canada now owns 50,060 shares of the company’s stock worth $404,000 after buying an additional 4,326 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of CUI Global by 123.9% in the first quarter. Renaissance Technologies LLC now owns 77,700 shares of the company’s stock worth $628,000 after buying an additional 43,000 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of CUI Global by 18.8% in the first quarter. Geode Capital Management LLC now owns 121,721 shares of the company’s stock worth $983,000 after buying an additional 19,300 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its stake in shares of CUI Global by 11.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 27,351 shares of the company’s stock worth $221,000 after buying an additional 2,865 shares in the last quarter. 62.76% of the stock is currently owned by institutional investors and hedge funds.
Shares of CUI Global Inc. (NASDAQ:CUI) traded up 3.47% on Thursday, hitting $5.97. The stock had a trading volume of 90,598 shares. The firm has a 50-day moving average of $5.08 and a 200 day moving average of $6.25. The company’s market capitalization is $124.79 million. CUI Global Inc. has a 1-year low of $4.01 and a 1-year high of $9.42.
CUI Global (NASDAQ:CUI) last posted its quarterly earnings results on Monday, August 8th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by $0.04. The company earned $23.10 million during the quarter, compared to the consensus estimate of $23.97 million. CUI Global had a negative return on equity of 7.23% and a negative net margin of 6.13%. The firm’s revenue was up .9% on a year-over-year basis. On average, equities analysts anticipate that CUI Global Inc. will post ($0.26) earnings per share for the current fiscal year.
A number of brokerages have weighed in on CUI. Zacks Investment Research downgraded CUI Global from a “hold” rating to a “sell” rating in a report on Thursday, August 11th. Dougherty & Co reduced their target price on CUI Global from $9.00 to $7.50 and set a “buy” rating on the stock in a report on Tuesday, August 9th. Finally, TheStreet downgraded CUI Global from a “hold” rating to a “sell” rating in a report on Thursday, July 7th. Two analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. CUI Global has an average rating of “Hold” and a consensus target price of $8.75.
CUI Global Company Profile
CUI Global, Inc is a platform company. The Company’s segments include Power and Electromechanical, Energy and Other. The Power and Electromechanical segment includes its subsidiaries, CUI, Inc (CUI), CUI Japan and CUI-Canada, Inc, which provide electromechanical components, including power supplies, transformers, converters, connectors and industrial controls for original equipment manufacturers (OEMs).
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