Sterneck Capital Management Boosted Chicago Bridge & Iron Co N V (CBI) Position By $540,640; Red Hat (RHT) Shorts Lowered By 14.08%

April 22, 2018 - By Dolores Ford

Red Hat, Inc. (NYSE:RHT) Logo

Sterneck Capital Management Llc increased Chicago Bridge & Iron Co N V (CBI) stake by 54.41% reported in 2017Q4 SEC filing. Sterneck Capital Management Llc acquired 33,790 shares as Chicago Bridge & Iron Co N V (CBI)’s stock declined 7.57%. The Sterneck Capital Management Llc holds 95,892 shares with $1.55M value, up from 62,102 last quarter. Chicago Bridge & Iron Co N V now has $1.50B valuation. The stock decreased 2.15% or $0.32 during the last trading session, reaching $14.59. About 1.91 million shares traded. Chicago Bridge & Iron Company N.V. (NYSE:CBI) has declined 47.57% since April 22, 2017 and is downtrending. It has underperformed by 59.12% the S&P500.

Red Hat Inc (NYSE:RHT) had a decrease of 14.08% in short interest. RHT’s SI was 5.55M shares in April as released by FINRA. Its down 14.08% from 6.46M shares previously. With 2.89M avg volume, 2 days are for Red Hat Inc (NYSE:RHT)’s short sellers to cover RHT’s short positions. The SI to Red Hat Inc’s float is 3.15%. The stock decreased 0.54% or $0.86 during the last trading session, reaching $159.28. About 1.73 million shares traded. Red Hat, Inc. (NYSE:RHT) has risen 87.86% since April 22, 2017 and is uptrending. It has outperformed by 76.31% the S&P500.

Sterneck Capital Management Llc decreased Intel Corp (NASDAQ:INTC) stake by 9,935 shares to 59,477 valued at $2.75 million in 2017Q4. It also reduced Teva Pharmaceutical Inds Ltd (NYSE:TEVA) stake by 31,860 shares and now owns 180,338 shares. Tower Intl Inc (NYSE:TOWR) was reduced too.

Investors sentiment decreased to 0.58 in Q4 2017. Its down 0.14, from 0.72 in 2017Q3. It dived, 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. 61,800 were accumulated by Factory Mutual Ins Comm. Walleye Trading Ltd Liability Corporation holds 0% of its portfolio in Chicago Bridge & Iron Company N.V. (NYSE:CBI) for 29,380 shares. Peak6 Invs Limited Partnership reported 4,242 shares. Mackenzie Corporation holds 0.01% or 202,238 shares in its portfolio. Magnetar Financial Ltd Liability owns 2.67M shares. Commerzbank Aktiengesellschaft Fi has invested 0% of its portfolio in Chicago Bridge & Iron Company N.V. (NYSE:CBI). Commonwealth National Bank Of Aus holds 0% or 900 shares in its portfolio. Peoples Fincl Ser accumulated 0% or 89 shares. State Board Of Administration Of Florida Retirement holds 0% or 55,713 shares. Lsv Asset holds 0.03% or 1.32 million shares. Pnc Finance stated it has 0% of its portfolio in Chicago Bridge & Iron Company N.V. (NYSE:CBI). Howe Rusling Inc invested 0% of its portfolio in Chicago Bridge & Iron Company N.V. (NYSE:CBI). Quinn Opportunity Ltd Liability has invested 0.09% in Chicago Bridge & Iron Company N.V. (NYSE:CBI). First Personal holds 3,000 shares. Advsrs accumulated 15,826 shares.

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 51 analyst reports since August 14, 2015 according to SRatingsIntel. The stock has “Hold” rating by Zacks on Monday, August 17. As per Tuesday, August 18, the company rating was upgraded by Vetr. The rating was upgraded by Tudor Pickering on Wednesday, October 28 to “Buy”. The stock of Chicago Bridge & Iron Company N.V. (NYSE:CBI) earned “Hold” rating by Robert W. Baird on Friday, October 20. The stock of Chicago Bridge & Iron Company N.V. (NYSE:CBI) earned “Outperform” rating by Credit Suisse on Monday, September 26. Johnson Rice upgraded it to “Buy” rating and $60 target in Monday, May 16 report. The rating was maintained by KeyBanc Capital Markets on Tuesday, September 19 with “Hold”. The firm has “Outperform” rating by Credit Suisse given on Wednesday, October 28. Deutsche Bank maintained Chicago Bridge & Iron Company N.V. (NYSE:CBI) rating on Tuesday, October 24. Deutsche Bank has “Buy” rating and $20 target. The stock of Chicago Bridge & Iron Company N.V. (NYSE:CBI) earned “Hold” rating by Robert W. Baird on Wednesday, January 24.

Since December 20, 2017, it had 0 buys, and 1 sale for $120,525 activity. Another trade for 7,500 shares valued at $120,525 was sold by McCarthy Daniel M..

Red Hat, Inc. provides open source software solutions to develop and offer operating system, virtualization, management, middleware, cloud, mobile, and storage technologies to various enterprises worldwide. The company has market cap of $28.19 billion. It offers infrastructure-related solutions, such as Red Hat Enterprise Linux, an operating system platform that runs on hardware for use in hybrid cloud environments; Red Hat Satellite, a system management offering that helps to deploy, scale, and manage in hybrid cloud environments; and Red Hat Enterprise Virtualization, a software solution that allows clients to utilize and manage a common hardware infrastructure to run multiple operating systems and applications. It has a 113.77 P/E ratio. The firm offers application development-related and other technology solutions, such as Red Hat JBoss Middleware, a solution for developing, deploying, and managing applications; integrating applications, data, and devices; and automating business processes in hybrid cloud environments; Red Hat cloud offerings, a software solution that enables clients to build and manage various cloud computing environments; Red Hat Mobile, a software development platform that enables clients to develop, integrate, deploy, and manage mobile applications for enterprises; and Red Hat Storage, a software solution that enables clients to manage large, unstructured, or semi-structured data in hybrid cloud environments.

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

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