Chou Associates Management Inc. Has $1,336,000 Position in Chicago Bridge & Iron Company N.V. (CBI)

Chou Associates Management Inc. held its stake in shares of Chicago Bridge & Iron Company N.V. (NYSE:CBI) during the second quarter, according to its most recent filing with the SEC. The firm owned 67,446 shares of the construction company’s stock at the close of the second quarter. Chicago Bridge & Iron Company N.V. accounts for about 0.4% of Chou Associates Management Inc.’s portfolio, making the stock its 23rd largest holding. Chou Associates Management Inc. owned 0.07% of Chicago Bridge & Iron Company N.V. worth $1,336,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in Chicago Bridge & Iron Company N.V. by 3.8% during the first quarter. Vanguard Group Inc. now owns 8,368,949 shares of the construction company’s stock worth $257,345,000 after purchasing an additional 308,397 shares during the last quarter. BlackRock Inc. boosted its holdings in Chicago Bridge & Iron Company N.V. by 51.9% during the second quarter. BlackRock Inc. now owns 6,340,731 shares of the construction company’s stock worth $125,104,000 after purchasing an additional 2,165,509 shares during the last quarter. FMR LLC boosted its holdings in Chicago Bridge & Iron Company N.V. by 832.8% during the first quarter. FMR LLC now owns 5,253,638 shares of the construction company’s stock worth $161,550,000 after purchasing an additional 4,690,447 shares during the last quarter. State Street Corp boosted its holdings in Chicago Bridge & Iron Company N.V. by 181.4% during the second quarter. State Street Corp now owns 4,059,198 shares of the construction company’s stock worth $80,086,000 after purchasing an additional 2,616,783 shares during the last quarter. Finally, Beck Mack & Oliver LLC boosted its holdings in Chicago Bridge & Iron Company N.V. by 364.0% during the second quarter. Beck Mack & Oliver LLC now owns 2,617,131 shares of the construction company’s stock worth $51,636,000 after purchasing an additional 2,053,099 shares during the last quarter. Institutional investors and hedge funds own 67.90% of the company’s stock.

Shares of Chicago Bridge & Iron Company N.V. (NYSE CBI) traded up 1.47% during trading on Friday, hitting $16.52. 1,101,273 shares of the stock traded hands. The stock has a 50 day moving average price of $14.32 and a 200-day moving average price of $19.82. Chicago Bridge & Iron Company N.V. has a 1-year low of $9.55 and a 1-year high of $36.56. The stock’s market cap is $1.67 billion.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last issued its quarterly earnings results on Wednesday, August 9th. The construction company reported ($2.96) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($3.81). The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $2.49 billion. Chicago Bridge & Iron Company N.V. had a negative return on equity of 3.92% and a negative net margin of 10.54%. Chicago Bridge & Iron Company N.V.’s quarterly revenue was down 40.6% compared to the same quarter last year. During the same period last year, the firm posted $1.17 earnings per share. Equities analysts forecast that Chicago Bridge & Iron Company N.V. will post ($1.83) EPS for the current year.

In related news, insider Daniel M. Mccarthy sold 7,500 shares of the business’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $16.04, for a total value of $120,300.00. Following the transaction, the insider now directly owns 112,464 shares of the company’s stock, valued at approximately $1,803,922.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is currently owned by insiders.

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Several research analysts recently commented on the stock. Deutsche Bank AG set a $21.00 target price on shares of Chicago Bridge & Iron Company N.V. and gave the stock a “buy” rating in a report on Thursday, August 10th. Credit Suisse Group restated a “neutral” rating and set a $13.00 target price on shares of Chicago Bridge & Iron Company N.V. in a report on Friday, August 11th. BidaskClub cut shares of Chicago Bridge & Iron Company N.V. from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. ValuEngine upgraded shares of Chicago Bridge & Iron Company N.V. from a “strong sell” rating to a “sell” rating in a report on Monday, October 2nd. Finally, Citigroup Inc. set a $18.00 target price on shares of Chicago Bridge & Iron Company N.V. and gave the stock a “hold” rating in a report on Thursday, August 10th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $20.19.

Chicago Bridge & Iron Company N.V. Company Profile

Chicago Bridge & Iron Company N.V. provides services to customers in energy infrastructure market. The Company provides services, such as conceptual design, technology, engineering, procurement, fabrication, modularization, construction, commissioning, maintenance, program management and environmental services.

Institutional Ownership by Quarter for Chicago Bridge & Iron Company N.V. (NYSE:CBI)

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