Cornerstone Capital Management Holdings LLC. Has $447,000 Position in Bill Barrett Co. (BBG)
Cornerstone Capital Management Holdings LLC. boosted its holdings in Bill Barrett Co. (NYSE:BBG) by 115.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 104,300 shares of the energy company’s stock after acquiring an additional 56,000 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned 0.14% of Bill Barrett worth $447,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Engineers Gate Manager LP acquired a new position in shares of Bill Barrett during the 3rd quarter valued at $120,000. BNP Paribas Arbitrage SA increased its position in shares of Bill Barrett by 129.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 34,359 shares of the energy company’s stock valued at $105,000 after purchasing an additional 19,385 shares during the period. Arizona State Retirement System increased its position in shares of Bill Barrett by 0.8% during the 2nd quarter. Arizona State Retirement System now owns 39,760 shares of the energy company’s stock valued at $122,000 after purchasing an additional 300 shares during the period. Metropolitan Life Insurance Co. NY increased its position in shares of Bill Barrett by 82.5% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 45,734 shares of the energy company’s stock valued at $208,000 after purchasing an additional 20,678 shares during the period. Finally, Green Square Capital LLC increased its position in shares of Bill Barrett by 46.7% during the 2nd quarter. Green Square Capital LLC now owns 55,000 shares of the energy company’s stock valued at $169,000 after purchasing an additional 17,500 shares during the period. Hedge funds and other institutional investors own 85.72% of the company’s stock.
Bill Barrett Co. (NYSE:BBG) opened at $5.02 on Wednesday. The company has a quick ratio of 2.78, a current ratio of 2.78 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $367.73, a price-to-earnings ratio of -3.12 and a beta of 3.59. Bill Barrett Co. has a 1-year low of $2.66 and a 1-year high of $7.70.
Bill Barrett (NYSE:BBG) last issued its earnings results on Tuesday, October 31st. The energy company reported ($0.08) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.20) by $0.12. The business had revenue of $67.87 million for the quarter, compared to analysts’ expectations of $61.23 million. Bill Barrett had a negative return on equity of 7.59% and a negative net margin of 49.61%. The company’s quarterly revenue was up 34.4% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.10) EPS. analysts anticipate that Bill Barrett Co. will post -0.44 earnings per share for the current fiscal year.
Several equities analysts have recently issued reports on BBG shares. ValuEngine cut Bill Barrett from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Scotiabank reiterated a “buy” rating and set a $10.00 price target on shares of Bill Barrett in a research report on Wednesday, November 1st. Zacks Investment Research upgraded Bill Barrett from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a research report on Tuesday, October 3rd. BMO Capital Markets set a $4.00 price target on Bill Barrett and gave the company a “hold” rating in a research report on Tuesday, October 10th. Finally, Imperial Capital upgraded Bill Barrett from an “in-line” rating to an “outperform” rating and set a $8.00 price target on the stock in a research report on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $6.50.
In related news, CEO R Scot Woodall sold 10,000 shares of Bill Barrett stock in a transaction on Friday, October 6th. The stock was sold at an average price of $4.19, for a total value of $41,900.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold a total of 30,000 shares of company stock worth $152,500 over the last 90 days. Insiders own 2.70% of the company’s stock.
WARNING: This piece was first published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this piece on another domain, it was illegally stolen and republished in violation of United States and international copyright & trademark laws. The original version of this piece can be viewed at https://theolympiareport.com/2017/12/27/cornerstone-capital-management-holdings-llc-has-447000-position-in-bill-barrett-co-bbg.html.
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.
Want to see what other hedge funds are holding BBG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bill Barrett Co. (NYSE:BBG).
Receive News & Ratings for Bill Barrett Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bill Barrett and related companies with Analyst Ratings Network's FREE daily email newsletter.