Chicago Bridge And Iron (CBI) Shares Declined While Cooper Creek Partners Management Has Lowered Its Stake by $1.42 Million; Shaker Financial Services Increased Sprott Focus Tr (FUND) Holding

May 24, 2018 - By Richard Conner

Chicago Bridge & Iron Company N.V. (NYSE:CBI) Logo

Cooper Creek Partners Management Llc decreased its stake in Chicago Bridge And Iron (CBI) by 11.36% based on its latest 2017Q4 regulatory filing with the SEC. Cooper Creek Partners Management Llc sold 89,047 shares as the company’s stock declined 7.57% with the market. The hedge fund held 695,148 shares of the engineering & construction company at the end of 2017Q4, valued at $11.22M, down from 784,195 at the end of the previous reported quarter. Cooper Creek Partners Management Llc who had been investing in Chicago Bridge And Iron for a number of months, seems to be less bullish one the $1.68B market cap company. The stock increased 1.80% or $0.29 during the last trading session, reaching $16.41. About 11.81M shares traded or 116.89% up from the average. Chicago Bridge & Iron Company N.V. (NYSE:CBI) has declined 47.57% since May 24, 2017 and is downtrending. It has underperformed by 59.12% the S&P500.

Shaker Financial Services Llc increased its stake in Sprott Focus Tr Inc (FUND) by 50.64% based on its latest 2017Q4 regulatory filing with the SEC. Shaker Financial Services Llc bought 157,001 shares as the company’s stock declined 0.38% with the market. The institutional investor held 467,030 shares of the consumer services company at the end of 2017Q4, valued at $3.70M, up from 310,029 at the end of the previous reported quarter. Shaker Financial Services Llc who had been investing in Sprott Focus Tr Inc for a number of months, seems to be bullish on the $189.64M market cap company. The stock decreased 1.24% or $0.099 during the last trading session, reaching $7.901. About 837 shares traded. Sprott Focus Trust, Inc. – Clos (NASDAQ:FUND) has risen 7.41% since May 24, 2017 and is uptrending. It has underperformed by 4.14% the S&P500.

Shaker Financial Services Llc, which manages about $132.85 million and $211.53 million US Long portfolio, decreased its stake in Prudential Glb Sht Dur Hg Yl (GHY) by 39,249 shares to 53,539 shares, valued at $771,000 in 2017Q4, according to the filing. It also reduced its holding in Royce Global Value Tr Inc (NYSE:RGT) by 54,232 shares in the quarter, leaving it with 61,379 shares, and cut its stake in Nuveen S&P 500 Buy (BXMX).

Since December 20, 2017, it had 0 insider purchases, and 1 sale for $120,525 activity.

Among 17 analysts covering Chicago Bridge & Iron Company (NYSE:CBI), 6 have Buy rating, 1 Sell and 10 Hold. Therefore 35% are positive. Chicago Bridge & Iron Company had 53 analyst reports since August 14, 2015 according to SRatingsIntel. The rating was reinitiated by M Partners on Wednesday, June 29 with “Buy”. The company was maintained on Monday, September 26 by Credit Suisse. The firm has “Hold” rating given on Wednesday, January 24 by Robert W. Baird. The firm earned “Hold” rating on Monday, April 9 by Robert W. Baird. UBS maintained the stock with “Neutral” rating in Wednesday, November 1 report. Credit Suisse upgraded Chicago Bridge & Iron Company N.V. (NYSE:CBI) rating on Wednesday, October 28. Credit Suisse has “Outperform” rating and $51 target. Johnson Rice upgraded Chicago Bridge & Iron Company N.V. (NYSE:CBI) rating on Monday, May 16. Johnson Rice has “Buy” rating and $60 target. Cowen & Co maintained the stock with “Outperform” rating in Friday, November 6 report. The firm has “Neutral” rating by Robert W. Baird given on Friday, July 22. The rating was downgraded by Zacks to “Buy” on Friday, August 14.

Investors sentiment decreased to 0.58 in 2017 Q4. Its down 0.14, from 0.72 in 2017Q3. It turned negative, as 54 investors sold CBI shares while 83 reduced holdings. 30 funds opened positions while 50 raised stakes. 59.08 million shares or 10.73% less from 66.18 million shares in 2017Q3 were reported. Cetera Advsr Ltd Limited Liability Company has 37,076 shares. Hap Trading Limited Liability Com invested in 0.02% or 24,554 shares. Schwab Charles Inv Management accumulated 680,335 shares. Deutsche National Bank & Trust Ag reported 0.01% of its portfolio in Chicago Bridge & Iron Company N.V. (NYSE:CBI). Sigma Planning Corporation reported 24,354 shares. Citadel Advsrs Limited Liability Com, a Illinois-based fund reported 61,941 shares. Envestnet Asset Mngmt Inc holds 4,646 shares or 0% of its portfolio. Walleye Trading Ltd Liability Corporation reported 29,380 shares or 0% of all its holdings. Clearbridge Investments Ltd Liability Com stated it has 125,364 shares. Dreman Value Management L L C owns 4,750 shares. Northwestern Mutual Wealth Management Com reported 8,827 shares. 583,917 were accumulated by Bank Of America De. Vanguard Grp Incorporated, a Pennsylvania-based fund reported 8.53M shares. Ny State Common Retirement Fund owns 107,800 shares or 0% of their US portfolio. Boothbay Fund Mgmt Ltd Liability holds 13,230 shares.

More notable recent Chicago Bridge & Iron Company N.V. (NYSE:CBI) news were published by: Seekingalpha.com which released: “How Far Could State Street Fall? (And When I’ll Start Buying)” on May 19, 2018, also Streetinsider.com with their article: “McDermott (MDR) Completes Reverse Stock Split, Announces Completion of Exchange Offer for CB&I (CBI)” published on May 10, 2018, Prnewswire.com published: “CB&I Announces Storage Award for Export Facility in Canada” on April 26, 2018. More interesting news about Chicago Bridge & Iron Company N.V. (NYSE:CBI) were released by: Seekingalpha.com and their article: “How Far Could Tiffany Fall?” published on April 25, 2018 as well as Seekingalpha.com‘s news article titled: “How Far Could American Express Fall?” with publication date: May 02, 2018.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) Institutional Positions Chart

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