Milestone Group Inc. Has $160,000 Stake in Bill Barrett Co. (BBG)

Milestone Group Inc. held its position in shares of Bill Barrett Co. (NYSE:BBG) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 35,228 shares of the energy company’s stock at the end of the first quarter. Milestone Group Inc.’s holdings in Bill Barrett were worth $160,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of BBG. Malaga Cove Capital LLC increased its position in shares of Bill Barrett by 1.8% in the first quarter. Malaga Cove Capital LLC now owns 143,594 shares of the energy company’s stock worth $646,000 after buying an additional 2,500 shares in the last quarter. Comerica Bank increased its position in shares of Bill Barrett by 4.7% in the first quarter. Comerica Bank now owns 83,117 shares of the energy company’s stock worth $327,000 after buying an additional 3,741 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Bill Barrett by 24.6% in the third quarter. Wells Fargo & Company MN now owns 20,234 shares of the energy company’s stock worth $113,000 after buying an additional 4,000 shares in the last quarter. GSA Capital Partners LLP increased its position in shares of Bill Barrett by 9.0% in the fourth quarter. GSA Capital Partners LLP now owns 64,864 shares of the energy company’s stock worth $453,000 after buying an additional 5,366 shares in the last quarter. Finally, New York State Teachers Retirement System increased its position in shares of Bill Barrett by 7.1% in the fourth quarter. New York State Teachers Retirement System now owns 86,163 shares of the energy company’s stock worth $602,000 after buying an additional 5,700 shares in the last quarter. Institutional investors and hedge funds own 83.00% of the company’s stock.

Institutional Ownership by Quarter for Bill Barrett (NYSE:BBG)

Shares of Bill Barrett Co. (NYSE:BBG) traded up 4.52% during mid-day trading on Friday, hitting $4.16. The company’s stock had a trading volume of 4,501,871 shares. The company has a 50-day moving average price of $4.00 and a 200-day moving average price of $5.68. The stock’s market cap is $310.76 million. Bill Barrett Co. has a 1-year low of $3.42 and a 1-year high of $9.05.

Bill Barrett (NYSE:BBG) last announced its quarterly earnings data on Tuesday, May 2nd. The energy company reported ($0.16) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.26) by $0.10. The company had revenue of $50.54 million during the quarter, compared to analysts’ expectations of $52.83 million. Bill Barrett had a negative return on equity of 4.43% and a negative net margin of 81.86%. Analysts predict that Bill Barrett Co. will post ($0.77) EPS for the current fiscal year.

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BBG has been the subject of a number of research reports. Canaccord Genuity set a $8.00 price objective on Bill Barrett and gave the company a “hold” rating in a research report on Saturday, March 4th. Stifel Nicolaus reissued a “buy” rating and set a $8.00 price objective on shares of Bill Barrett in a research report on Wednesday, April 12th. BMO Capital Markets reissued a “hold” rating and set a $5.00 price objective on shares of Bill Barrett in a research report on Wednesday, May 3rd. Barclays PLC reissued an “equal weight” rating and set a $5.00 price objective (down previously from $6.00) on shares of Bill Barrett in a research report on Saturday, April 22nd. Finally, FBR & Co reduced their price objective on Bill Barrett from $6.00 to $5.00 and set a “market perform” rating for the company in a research report on Thursday, May 4th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $8.00.

About Bill Barrett

Bill Barrett Corporation is an independent energy company that develops, acquires and explores for oil and natural gas resources. The Company’s assets and operations are located in the Rocky Mountain region of the United States. It has over two areas of production: The Denver-Julesburg Basin (DJ Basin) and the Uinta Oil Program in the Uinta Basin.

12 Month Chart for NYSE:BBG

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