Cincinnati Bell Inc. (NYSE:CBB) Director Martin Yudkovitz bought 5,000 shares of Cincinnati Bell stock in a transaction that occurred on Tuesday, August 20th. The shares were acquired at an average price of $5.00 per share, with a total value of $25,000.00. Following the acquisition, the director now directly owns 37,498 shares of the company’s stock, valued at approximately $187,490. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

NYSE CBB traded up $0.11 on Wednesday, hitting $5.48. 37,307 shares of the stock were exchanged, compared to its average volume of 650,337. The business’s fifty day moving average is $4.25 and its 200 day moving average is $7.27. Cincinnati Bell Inc. has a 52 week low of $3.19 and a 52 week high of $16.10. The company has a market capitalization of $238.49 million, a PE ratio of -4.87 and a beta of 1.42.

Cincinnati Bell (NYSE:CBB) last posted its quarterly earnings results on Thursday, August 8th. The utilities provider reported ($0.13) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.25) by $0.12. The firm had revenue of $384.20 million for the quarter, compared to the consensus estimate of $377.08 million. During the same period last year, the company posted ($0.19) earnings per share. The business’s revenue was up 29.4% compared to the same quarter last year. On average, equities analysts expect that Cincinnati Bell Inc. will post -1.12 EPS for the current fiscal year.

Several analysts have issued reports on CBB shares. UBS Group raised shares of Cincinnati Bell from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $11.00 to $7.00 in a research report on Friday, August 9th. Morgan Stanley reaffirmed an “equal weight” rating and set a $8.00 price target (down from $10.00) on shares of Cincinnati Bell in a research report on Friday, June 7th. Finally, ValuEngine raised shares of Cincinnati Bell from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC boosted its position in Cincinnati Bell by 4.3% in the 4th quarter. Geode Capital Management LLC now owns 544,878 shares of the utilities provider’s stock valued at $4,239,000 after buying an additional 22,481 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its position in Cincinnati Bell by 323.5% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 14,060 shares of the utilities provider’s stock valued at $109,000 after buying an additional 10,740 shares during the last quarter. FMR LLC boosted its position in Cincinnati Bell by 8.4% in the 4th quarter. FMR LLC now owns 896,972 shares of the utilities provider’s stock valued at $6,978,000 after buying an additional 69,800 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Cincinnati Bell by 7.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,880,058 shares of the utilities provider’s stock valued at $14,627,000 after buying an additional 122,482 shares during the last quarter. Finally, Norges Bank purchased a new position in Cincinnati Bell in the 4th quarter valued at about $2,451,000. 96.66% of the stock is currently owned by hedge funds and other institutional investors.

About Cincinnati Bell

Cincinnati Bell Inc, together with its subsidiaries, provides diversified telecommunications and technology services to residential and business customers in the United States. It operates in two segments, Entertainment and Communications, and IT Services and Hardware. The Entertainment and Communications segment offers data services, including high-speed Internet access, data transport, and interconnection services, as well as metro-Ethernet products; and voice local services, as well as long distance, digital trunking, switched access, and other value-added services, such as caller identification, voicemail, call waiting, and call return.

Recommended Story: Elliott Wave Theory

Receive News & Ratings for Cincinnati Bell Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cincinnati Bell and related companies with MarketBeat.com's FREE daily email newsletter.