Northern Trust Corp increased its position in shares of Cincinnati Bell Inc (NYSE:CBB) by 1.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 532,417 shares of the utilities provider’s stock after purchasing an additional 5,302 shares during the quarter. Northern Trust Corp owned 1.26% of Cincinnati Bell worth $10,409,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Pinebridge Investments L.P. lifted its holdings in Cincinnati Bell by 1.0% in the second quarter. Pinebridge Investments L.P. now owns 5,551 shares of the utilities provider’s stock valued at $108,000 after acquiring an additional 55 shares during the period. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in Cincinnati Bell by 0.5% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 19,134 shares of the utilities provider’s stock valued at $374,000 after acquiring an additional 100 shares during the period. Texas Permanent School Fund lifted its holdings in Cincinnati Bell by 0.9% in the second quarter. Texas Permanent School Fund now owns 30,762 shares of the utilities provider’s stock valued at $601,000 after acquiring an additional 260 shares during the period. Municipal Employees Retirement System of Michigan lifted its holdings in Cincinnati Bell by 4.1% in the second quarter. Municipal Employees Retirement System of Michigan now owns 9,950 shares of the utilities provider’s stock valued at $195,000 after acquiring an additional 390 shares during the period. Finally, Legal & General Group Plc lifted its holdings in Cincinnati Bell by 0.7% in the first quarter. Legal & General Group Plc now owns 75,836 shares of the utilities provider’s stock valued at $1,343,000 after acquiring an additional 516 shares during the period. 85.05% of the stock is owned by institutional investors.

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CBB has been the subject of a number of analyst reports. BidaskClub raised Cincinnati Bell from a “hold” rating to a “buy” rating in a report on Monday, July 31st. ValuEngine raised Cincinnati Bell from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. Finally, Gabelli downgraded Cincinnati Bell from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $23.50.

Cincinnati Bell Inc (NYSE CBB) opened at $19.40 on Tuesday. Cincinnati Bell Inc has a twelve month low of $16.05 and a twelve month high of $24.45. The stock has a market capitalization of $816.29, a P/E ratio of 193.50, a price-to-earnings-growth ratio of 5.39 and a beta of 1.47. The company has a debt-to-equity ratio of -4.26, a current ratio of 1.02 and a quick ratio of 0.94.

Cincinnati Bell (NYSE:CBB) last announced its quarterly earnings results on Thursday, November 2nd. The utilities provider reported $0.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.05. The company had revenue of $289.20 million during the quarter, compared to the consensus estimate of $286.22 million. Cincinnati Bell had a negative return on equity of 2.69% and a net margin of 4.13%. Cincinnati Bell’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.38 earnings per share. equities research analysts predict that Cincinnati Bell Inc will post 1.2 EPS for the current fiscal year.

About Cincinnati Bell

Cincinnati Bell Inc, along with its subsidiaries, provides diversified telecommunications and technology services. The Company operates through two segments: Entertainment and Communications, and IT Services and Hardware. Through its Entertainment and Communications segment, the Company provides high-speed data, video and voice solutions to consumers and businesses over fiber network and a legacy copper network.

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Institutional Ownership by Quarter for Cincinnati Bell (NYSE:CBB)

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