Huber Capital Management LLC Cut Kbr INC (KBR) Position by $11.00 Million as Valuation Declined

April 22, 2018 - By Vivian Park

KBR, Inc. (NYSE:KBR) LogoInvestors sentiment decreased to 0.96 in Q4 2017. Its down 0.07, from 1.03 in 2017Q3. It is negative, as 25 investors sold KBR shares while 76 reduced holdings. 45 funds opened positions while 52 raised stakes. 134.13 million shares or 5.37% less from 141.73 million shares in 2017Q3 were reported. Cim Invest Mangement Inc stated it has 19,053 shares or 0.13% of all its holdings. 4.25 million were reported by Massachusetts Financial Ma. 4.86 million were reported by State Street Corporation. Heartland Advisors Inc holds 0.69% in KBR, Inc. (NYSE:KBR) or 538,816 shares. Oregon Public Employees Retirement Fund reported 51,975 shares stake. Huber Capital Management Ltd, a California-based fund reported 6.76M shares. State Common Retirement Fund holds 0% in KBR, Inc. (NYSE:KBR) or 153,900 shares. Weaver C Barksdale And Associates invested 0.03% of its portfolio in KBR, Inc. (NYSE:KBR). Sg Americas Secs reported 0% in KBR, Inc. (NYSE:KBR). California Pub Employees Retirement has 0.01% invested in KBR, Inc. (NYSE:KBR) for 484,880 shares. Wells Fargo Com Mn holds 167,952 shares. Price T Rowe Assocs Inc Md has invested 0% in KBR, Inc. (NYSE:KBR). Meeder Asset Mgmt invested 0% of its portfolio in KBR, Inc. (NYSE:KBR). Panagora Asset Incorporated invested in 13,390 shares. Legal & General Grp Public Ltd Company invested in 245,146 shares.

Joe Huber decreased its stake in Kbr Inc (KBR) by 7.89% based on its latest 2017Q4 regulatory filing with the SEC. Huber Capital Management Llc sold 578,741 shares as the company’s stock declined 17.44% with the market. The hedge fund run by Joe Huber held 6.76M shares of the basic industries company at the end of 2017Q4, valued at $134.06 million, down from 7.34M at the end of the previous reported quarter. Huber Capital Management Llc who had been investing in Kbr Inc for a number of months, seems to be less bullish one the $2.34B market cap company. The stock decreased 3.82% or $0.66 during the last trading session, reaching $16.62. About 3.18 million shares traded or 44.61% up from the average. KBR, Inc. (NYSE:KBR) has risen 15.88% since April 22, 2017 and is uptrending. It has outperformed by 4.33% the S&P500.

Huber Capital Management Llc, which manages about $3.94 billion and $1.84 billion US Long portfolio, upped its stake in Hoegh Lng Partners Lp (NYSE:HMLP) by 270,488 shares to 1.02M shares, valued at $19.08 million in 2017Q4, according to the filing. It also increased its holding in Merck & Co Inc (NYSE:MRK) by 61,300 shares in the quarter, for a total of 493,256 shares, and has risen its stake in Oracle Corp (NYSE:ORCL).

Analysts await KBR, Inc. (NYSE:KBR) to report earnings on April, 26 before the open. They expect $0.26 earnings per share, down 7.14 % or $0.02 from last year’s $0.28 per share. KBR’s profit will be $36.54 million for 15.98 P/E if the $0.26 EPS becomes a reality. After $0.28 actual earnings per share reported by KBR, Inc. for the previous quarter, Wall Street now forecasts -7.14 % negative EPS growth.

KBR, Inc. (NYSE:KBR) Ratings Coverage

Among 6 analysts covering KBR (NYSE:KBR), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. KBR had 10 analyst reports since October 24, 2017 according to SRatingsIntel. The stock of KBR, Inc. (NYSE:KBR) has “Buy” rating given on Tuesday, October 24 by Deutsche Bank. As per Monday, February 26, the company rating was maintained by Citigroup. Citigroup maintained KBR, Inc. (NYSE:KBR) rating on Tuesday, February 6. Citigroup has “Neutral” rating and $23 target. The firm has “Buy” rating given on Monday, February 26 by Alembic. The firm earned “Buy” rating on Tuesday, October 31 by KeyBanc Capital Markets. The company was maintained on Friday, October 27 by Citigroup. The stock has “Hold” rating by DA Davidson on Wednesday, November 1. The company was maintained on Thursday, November 2 by Credit Suisse. Credit Suisse downgraded the shares of KBR in report on Monday, February 26 to “Neutral” rating.

KBR, Inc. (NYSE:KBR) Institutional Positions Chart

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