New Jersey Better Educational Savings Trust boosted its stake in Cubic Corporation (NYSE:CUB) by 66.7% during the second quarter, Holdings Channel reports. The firm owned 10,000 shares of the scientific and technical instruments company’s stock after buying an additional 4,000 shares during the period. New Jersey Better Educational Savings Trust’s holdings in Cubic Corporation were worth $463,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. boosted its position in Cubic Corporation by 45,983.5% in the first quarter. BlackRock Inc. now owns 3,781,155 shares of the scientific and technical instruments company’s stock valued at $199,644,000 after buying an additional 3,772,950 shares during the period. Cortina Asset Management LLC boosted its position in Cubic Corporation by 221.1% in the first quarter. Cortina Asset Management LLC now owns 294,599 shares of the scientific and technical instruments company’s stock valued at $15,555,000 after buying an additional 202,848 shares during the period. State of New Jersey Common Pension Fund D boosted its position in Cubic Corporation by 14.5% in the second quarter. State of New Jersey Common Pension Fund D now owns 1,191,000 shares of the scientific and technical instruments company’s stock valued at $55,143,000 after buying an additional 151,000 shares during the period. American Century Companies Inc. boosted its position in Cubic Corporation by 65.6% in the first quarter. American Century Companies Inc. now owns 234,749 shares of the scientific and technical instruments company’s stock valued at $12,395,000 after buying an additional 93,022 shares during the period. Finally, Vanguard Group Inc. boosted its position in Cubic Corporation by 4.5% in the first quarter. Vanguard Group Inc. now owns 2,155,681 shares of the scientific and technical instruments company’s stock valued at $113,820,000 after buying an additional 92,168 shares during the period. Hedge funds and other institutional investors own 90.69% of the company’s stock.

Cubic Corporation (NYSE CUB) opened at 42.35 on Friday. Cubic Corporation has a 12-month low of $39.50 and a 12-month high of $55.65. The stock has a 50 day moving average of $46.23 and a 200 day moving average of $48.77. The company’s market capitalization is $1.15 billion.

Cubic Corporation (NYSE:CUB) last posted 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 consensus estimate of $0.05 by $0.86. The company had revenue of $361.87 million during the quarter, compared to analyst estimates of $383.47 million. Cubic Corporation had a negative net margin of 2.20% and a negative return on equity of 4.74%. The company’s revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.17 EPS. On average, equities research analysts predict that Cubic Corporation will post ($0.58) EPS for the current year.

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Several research analysts have commented on CUB shares. Zacks Investment Research cut shares of Cubic Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. BidaskClub cut shares of Cubic Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Needham & Company LLC reiterated a “buy” rating and issued a $52.00 price objective (down from $55.00) on shares of Cubic Corporation in a report on Tuesday, May 9th. ValuEngine cut shares of Cubic Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Finally, J P Morgan Chase & Co upgraded shares of Cubic Corporation from a “neutral” rating to an “overweight” rating and set a $53.00 price objective for the company in a report on Thursday. Two analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. Cubic Corporation currently has an average rating of “Hold” and an average price target of $53.40.

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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