Royce & Associates LP lowered its position in CIBER, Inc. (NYSE:CBR) by 42.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,153,486 shares of the information technology services provider’s stock after selling 856,517 shares during the period. Royce & Associates LP’s holdings in CIBER were worth $461,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Renaissance Technologies LLC increased its position in CIBER by 30.6% in the fourth quarter. Renaissance Technologies LLC now owns 447,700 shares of the information technology services provider’s stock worth $283,000 after buying an additional 105,000 shares during the last quarter. Brandes Investment Partners LP increased its position in CIBER by 531.4% in the first quarter. Brandes Investment Partners LP now owns 365,077 shares of the information technology services provider’s stock worth $146,000 after buying an additional 307,259 shares during the last quarter. Guggenheim Capital LLC increased its position in CIBER by 137.8% in the fourth quarter. Guggenheim Capital LLC now owns 1,697,772 shares of the information technology services provider’s stock worth $1,073,000 after buying an additional 983,697 shares during the last quarter. Finally, Russell Investments Group Ltd. purchased a new position in CIBER during the fourth quarter worth about $938,000. Institutional investors and hedge funds own 54.44% of the company’s stock.
CIBER, Inc. (NYSE CBR) remained flat at $0.31 on Friday. The stock had a trading volume of 1,000 shares. CIBER, Inc. has a 52-week low of $0.22 and a 52-week high of $2.36. The company has a 50 day moving average price of $0.37 and a 200-day moving average price of $0.67.
Separately, Maxim Group downgraded CIBER from a “buy” rating to a “sell” rating in a report on Monday, April 10th.
Ciber, Inc (Ciber) is a global information technology (IT) services company. The Company operates in two segments: North America and International. Its Ciber International segment primarily consists of countries in Western Europe and the Nordic region. Its North America segment is organized into service offerings, which include Independent Software Vendor Relationships (ISV)/Channel Partner Platforms, Managed Services, Business Consulting, Application Development and Management (ADM)/Staffing, and Software-as-a-Service (SaaS).
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