BlueCrest Capital Management Ltd Invests $284,000 in Bill Barrett Corporation (BBG)

BlueCrest Capital Management Ltd acquired a new position in shares of Bill Barrett Corporation (NYSE:BBG) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 92,526 shares of the energy company’s stock, valued at approximately $284,000. BlueCrest Capital Management Ltd owned about 0.12% of Bill Barrett Corporation as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BBG. Dimensional Fund Advisors LP boosted its stake in Bill Barrett Corporation by 149.6% during the first quarter. Dimensional Fund Advisors LP now owns 4,437,462 shares of the energy company’s stock worth $20,190,000 after buying an additional 2,659,443 shares during the last quarter. State Street Corp boosted its stake in Bill Barrett Corporation by 62.2% during the first quarter. State Street Corp now owns 4,865,033 shares of the energy company’s stock worth $22,136,000 after buying an additional 1,865,747 shares during the last quarter. Divisar Capital Management LLC boosted its stake in Bill Barrett Corporation by 105.5% during the second quarter. Divisar Capital Management LLC now owns 3,528,178 shares of the energy company’s stock worth $10,832,000 after buying an additional 1,811,339 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in Bill Barrett Corporation by 128.3% during the first quarter. TIAA CREF Investment Management LLC now owns 1,064,618 shares of the energy company’s stock worth $4,844,000 after buying an additional 598,376 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Bill Barrett Corporation by 12.2% during the second quarter. JPMorgan Chase & Co. now owns 5,312,279 shares of the energy company’s stock worth $16,309,000 after buying an additional 579,442 shares during the last quarter. 90.73% of the stock is currently owned by institutional investors.



A number of equities analysts have weighed in on the company. Imperial Capital initiated coverage on Bill Barrett Corporation in a research note on Thursday, September 28th. They set an “in-line” rating and a $5.00 price objective on the stock. Zacks Investment Research upgraded Bill Barrett Corporation from a “hold” rating to a “buy” rating and set a $5.00 target price on the stock in a research report on Tuesday, October 3rd. Stifel Nicolaus set a $7.00 target price on Bill Barrett Corporation and gave the company a “buy” rating in a research report on Thursday, October 5th. KeyCorp restated a “hold” rating on shares of Bill Barrett Corporation in a research report on Monday, October 16th. Finally, BMO Capital Markets set a $4.00 target price on Bill Barrett Corporation and gave the company a “hold” rating in a research report on Tuesday, October 10th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $5.71.

In other Bill Barrett Corporation news, CEO R Scot Woodall sold 10,000 shares of the company’s stock in a transaction dated Friday, October 6th. The shares were sold at an average price of $4.19, for a total transaction of $41,900.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.70% of the stock is currently owned by corporate insiders.

Shares of Bill Barrett Corporation (NYSE BBG) traded up 3.50% during midday trading on Friday, reaching $4.44. The company’s stock had a trading volume of 1,295,890 shares. Bill Barrett Corporation has a 52 week low of $2.66 and a 52 week high of $8.24. The firm’s 50 day moving average is $4.04 and its 200 day moving average is $3.59. The firm’s market capitalization is $332.47 million.

Bill Barrett Corporation (NYSE:BBG) last issued its quarterly earnings data on Tuesday, August 1st. The energy company reported ($0.17) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.24) by $0.07. The firm had revenue of $51.07 million for the quarter, compared to analysts’ expectations of $53.57 million. Bill Barrett Corporation had a negative net margin of 52.54% and a negative return on equity of 7.65%. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.13) earnings per share. Equities analysts forecast that Bill Barrett Corporation will post ($0.72) EPS for the current fiscal year.

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About Bill Barrett Corporation

Bill Barrett Corporation is an independent energy company that develops, acquires and explores for oil and natural gas resources. The Company’s assets and operations are located in the Rocky Mountain region of the United States. It has over two areas of production: The Denver-Julesburg Basin (DJ Basin) and the Uinta Oil Program in the Uinta Basin.

Institutional Ownership by Quarter for Bill Barrett Corporation (NYSE:BBG)

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