As Alibaba Group Hldg LTD (BABA) Stock Value Rose, Matthews International Capital Management Lifted Its Position; Chicago Bridge & Iron Co N V (CBI) Shareholder Bandera Partners Trimmed Holding by $1.36 Million

June 23, 2018 - By Clifton Ray

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

Gregory Bylinsky decreased its stake in Chicago Bridge & Iron Co N V (CBI) by 24.56% based on its latest 2018Q1 regulatory filing with the SEC. Bandera Partners Llc sold 96,800 shares as the company’s stock 0.00% . The hedge fund run by Gregory Bylinsky held 297,300 shares of the engineering & construction company at the end of 2018Q1, valued at $4.28 million, down from 394,100 at the end of the previous reported quarter. Bandera Partners Llc who had been investing in Chicago Bridge & Iron Co N V for a number of months, seems to be less bullish one the $1.68 billion market cap company. The stock increased 1.80% or $0.29 during the last trading session, reaching $16.41. About 11.81 million shares traded or 57.48% up from the average. Chicago Bridge & Iron Company N.V. (NYSE:CBI) has 0.00% since June 23, 2017 and is . It has underperformed by 12.57% the S&P500. Some Historical CBI News: 05/04/2018 – HOTCHKIS & WILEY SAYS CURRENTLY OWNS NEARLY 2 PCT OF MCDERMOTT INTERNATIONAL; 05/04/2018 – HOTCHKIS & WILEY SAYS PLANS TO VOTE AGAINST MCDERMOTT INTERNATIONAL’S MERGER WITH CB&I AS CURRENTLY STRUCTURED; 16/04/2018 – UCO BANK CLARIFIES ON NEWS ITEM REGARDING CBI BOOKING FORMER CMD IN 6.21 BLN-RUPEE CHEATING CASE; 17/04/2018 – India’s CBI probing Surya Pharmaceuticals in $95 mln bank fraud case; 21/03/2018 – INDIA CBI SEARCHES KANISHK OFFICES IN INR8.24B CHEATING CASE; 12/04/2018 – Chicago Bridge & Iron Sees 1Q-End Backlog $10.5B-$10.6B; 15/03/2018 – INDIA CBI ARRESTS 2 FOR ALLEGED INR5.15B-FRAUD IN CANARA BANK; 11/04/2018 – Fairpointe Capital LLC Supports Chicago Bridge & Iron Merger with McDermott International; 28/03/2018 – UK CBI RETAIL SALES BALANCE -8 IN MARCH VS +8 IN FEB, FIRST FALL SINCE OCTOBER (REUTERS POLL +15); 17/04/2018 – IRB INFRASTRUCTURE GETS CBI CLOSURE REPORT AFTER FURTHER PROBE

Matthews International Capital Management Llc increased its stake in Alibaba Group Hldg Ltd (BABA) by 0.54% based on its latest 2018Q1 regulatory filing with the SEC. Matthews International Capital Management Llc bought 11,000 shares as the company’s stock rose 2.58% while stock markets declined. The institutional investor held 2.03 million shares of the business services company at the end of 2018Q1, valued at $372.52M, up from 2.02 million at the end of the previous reported quarter. Matthews International Capital Management Llc who had been investing in Alibaba Group Hldg Ltd for a number of months, seems to be bullish on the $519.06 billion market cap company. The stock decreased 0.10% or $0.2 during the last trading session, reaching $202.01. About 9.62 million shares traded. Alibaba Group Holding Limited (NYSE:BABA) has risen 61.13% since June 23, 2017 and is uptrending. It has outperformed by 48.56% the S&P500. Some Historical BABA News: 06/03/2018 – Alibaba-backed Paytm Mall may raise USD 500 million in funding round led by SoftBank, sources say; 17/04/2018 – OCEANWIDE HOLDINGS 000046.SZ SAYS IT SIGNS FRAMEWORK AGREEMENT WITH ALIBABA’S CLOUD-COMPUTING SUBSIDIARY ALIYUN ON SMART CITY RELATED PROJECT IN WUHAN CITY; 01/04/2018 – ALIBABA GROUP HOLDING LTD- UPON COMPLETION, ZHANG XUHAO TO BECOME CHAIRMAN OF ELE.ME AND SPECIAL ADVISOR TO ALIBABA’S CEO ON NEW RETAIL STRATEGY; 17/05/2018 – Seven Ages, China’s Leading Musical Production Company, Announces B+ Financing from the Alibaba Live Entertainment Business Group; 09/05/2018 – Alibaba buys Pakistani online marketplace; 10/04/2018 – BRIEF-Ant Financial To Raise $9 Billion – WSJ, citing; 05/03/2018 – Alibaba’s Tmall Platform Hosts Beauty Awards, Summit in Shanghai; 18/03/2018 – Alibaba Group: Will Inject a Further $2 Billion Into Southeast Asian Online Shopping Company Lazada; 19/03/2018 – ALIBABA TO INVEST ANOTHER $2 BILLION IN LAZADA FOR EXPANSION; 04/05/2018 – Alibaba Expects Revenue to Jump in the Next Year–Update

Another recent and important Chicago Bridge & Iron Company N.V. (NYSE:CBI) news was published by Seekingalpha.com which published an article titled: “How Far Could Progressive Fall? (And When I’ll Start Buying)” on June 19, 2018.

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. Johnson Rice upgraded Chicago Bridge & Iron Company N.V. (NYSE:CBI) on Monday, May 16 to “Buy” rating. Zacks downgraded Chicago Bridge & Iron Company N.V. (NYSE:CBI) on Friday, August 21 to “Buy” rating. The company was maintained on Thursday, April 21 by JP Morgan. On Tuesday, October 31 the stock rating was maintained by KeyBanc Capital Markets with “Hold”. Argus Research initiated the stock with “Buy” rating in Wednesday, December 7 report. Credit Suisse maintained it with “Neutral” rating and $15 target in Friday, November 3 report. The firm earned “Outperform” rating on Tuesday, December 15 by Robert W. Baird. The firm has “Neutral” rating given on Tuesday, October 31 by Robert W. Baird. The rating was downgraded by Argus Research to “Hold” on Friday, March 17. The company was initiated on Friday, November 13 by Citigroup.

Investors sentiment increased to 0.94 in Q1 2018. Its up 0.36, from 0.58 in 2017Q4. It increased, as 23 investors sold CBI shares while 77 reduced holdings. 43 funds opened positions while 51 raised stakes. 78.34 million shares or 32.60% more from 59.08 million shares in 2017Q4 were reported. Manikay Ptnrs Limited Liability Corp reported 0.7% in Chicago Bridge & Iron Company N.V. (NYSE:CBI). Hikari Power Limited has 93,000 shares for 0.16% of their portfolio. Great West Life Assurance Can has 0% invested in Chicago Bridge & Iron Company N.V. (NYSE:CBI) for 10,791 shares. Indexiq Advsr Limited Co reported 580,889 shares. Vanguard stated it has 8.73 million shares. Moreover, Sigma Planning Corp has 0.03% invested in Chicago Bridge & Iron Company N.V. (NYSE:CBI). Fairpointe Capital Ltd Limited Liability Company owns 6.37 million shares. Kistler has 0% invested in Chicago Bridge & Iron Company N.V. (NYSE:CBI) for 100 shares. M Secs owns 11,317 shares or 0.05% of their US portfolio. 13,767 are held by Proshare Ltd Co. Aqr Cap Mngmt Limited Co reported 67,740 shares or 0% of all its holdings. Moreover, Thompson Davis And Co Inc has 0% invested in Chicago Bridge & Iron Company N.V. (NYSE:CBI) for 21 shares. 7,756 were reported by Stratos Wealth Prtnrs Ltd. 43,072 are owned by Raymond James And Assoc. Gam Ag has 94,000 shares for 0.05% of their portfolio.

Among 39 analysts covering Alibaba (NYSE:BABA), 37 have Buy rating, 1 Sell and 1 Hold. Therefore 95% are positive. Alibaba had 183 analyst reports since August 12, 2015 according to SRatingsIntel. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, August 12 report. RBC Capital Markets maintained it with “Outperform” rating and $89 target in Friday, January 29 report. Barclays Capital maintained the stock with “Overweight” rating in Monday, August 21 report. The rating was maintained by Wells Fargo on Monday, November 13 with “Buy”. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, August 18. The firm has “Overweight” rating given on Tuesday, October 31 by Barclays Capital. The stock of Alibaba Group Holding Limited (NYSE:BABA) has “Overweight” rating given on Saturday, August 22 by JP Morgan. Standpoint Research downgraded the shares of BABA in report on Thursday, October 29 to “Hold” rating. The firm has “Overweight” rating given on Thursday, December 8 by Morgan Stanley. Jefferies maintained Alibaba Group Holding Limited (NYSE:BABA) on Tuesday, June 6 with “Buy” rating.

Alibaba Group Holding Limited (NYSE:BABA) Ratings Chart

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