CUI Global Inc. (CUI) Position Raised by First Eagle Investment Management LLC
First Eagle Investment Management LLC raised its position in CUI Global Inc. (NASDAQ:CUI) by 6.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,500,542 shares of the company’s stock after buying an additional 150,166 shares during the period. First Eagle Investment Management LLC owned about 0.12% of CUI Global worth $14,578,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of the company. WealthTrust Axiom LLC raised its stake in shares of CUI Global by 60.2% in the second quarter. WealthTrust Axiom LLC now owns 466,849 shares of the company’s stock worth $2,357,000 after buying an additional 175,370 shares in the last quarter. Wedbush Securities Inc. purchased a new stake in shares of CUI Global during the second quarter worth approximately $113,000. Emerald Acquisition Ltd. purchased a new stake in shares of CUI Global during the second quarter worth approximately $383,000. Van Den Berg Management I Inc. raised its stake in shares of CUI Global by 134.0% in the second quarter. Van Den Berg Management I Inc. now owns 180,285 shares of the company’s stock worth $910,000 after buying an additional 103,230 shares in the last quarter. Finally, Clear Harbor Asset Management LLC raised its stake in shares of CUI Global by 1.4% in the second quarter. Clear Harbor Asset Management LLC now owns 1,087,692 shares of the company’s stock worth $5,493,000 after buying an additional 15,305 shares in the last quarter. Institutional investors and hedge funds own 64.57% of the company’s stock.
CUI Global Inc. (NASDAQ:CUI) traded up 0.67% during midday trading on Tuesday, reaching $6.02. The company’s stock had a trading volume of 9,295 shares. The stock’s 50 day moving average is $5.33 and its 200 day moving average is $5.33. The stock’s market cap is $125.91 million. CUI Global Inc. has a 12-month low of $4.01 and a 12-month high of $9.42.
CUI Global (NASDAQ:CUI) last issued its earnings results on Wednesday, November 9th. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.04. CUI Global had a negative return on equity of 8.96% and a negative net margin of 6.75%. The business had revenue of $23.26 million for the quarter, compared to analyst estimates of $22.45 million. The business’s revenue for the quarter was down 6.4% compared to the same quarter last year. Analysts anticipate that CUI Global Inc. will post ($0.30) earnings per share for the current year.
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A number of equities research analysts recently commented on the company. TheStreet upgraded CUI Global from a “sell” rating to a “hold” rating in a research report on Wednesday, October 5th. Zacks Investment Research upgraded CUI Global from a “sell” rating to a “hold” rating in a research report on Friday, November 11th. Finally, Dougherty & Co lowered their price objective on CUI Global from $9.00 to $7.50 and set a “buy” rating on the stock in a research report on Tuesday, August 9th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. CUI Global currently has an average rating of “Buy” and an average price target of $8.50.
About CUI Global
CUI Global, Inc is a platform company. The Company’s segments include Power and Electromechanical, Energy and Other. The Power and Electromechanical segment includes its subsidiaries, CUI, Inc (CUI), CUI Japan and CUI-Canada, Inc, which provide electromechanical components, including power supplies, transformers, converters, connectors and industrial controls for original equipment manufacturers (OEMs).
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