AQR Capital Management LLC Reduces Position in Bill Barrett Corporation (BBG)

AQR Capital Management LLC lowered its stake in Bill Barrett Corporation (NYSE:BBG) by 10.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 609,387 shares of the energy company’s stock after selling 68,136 shares during the period. AQR Capital Management LLC owned approximately 0.82% of Bill Barrett Corporation worth $2,773,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. UBS Group AG raised its position in Bill Barrett Corporation by 50.2% in the first quarter. UBS Group AG now owns 26,186 shares of the energy company’s stock valued at $119,000 after buying an additional 8,750 shares during the last quarter. UBS Asset Management Americas Inc. raised its position in Bill Barrett Corporation by 79.9% in the first quarter. UBS Asset Management Americas Inc. now owns 26,800 shares of the energy company’s stock valued at $122,000 after buying an additional 11,900 shares during the last quarter. Alambic Investment Management L.P. acquired a new position in Bill Barrett Corporation during the first quarter valued at approximately $126,000. Louisiana State Employees Retirement System raised its position in Bill Barrett Corporation by 27.3% in the first quarter. Louisiana State Employees Retirement System now owns 30,800 shares of the energy company’s stock valued at $140,000 after buying an additional 6,600 shares during the last quarter. Finally, OppenheimerFunds Inc. raised its position in Bill Barrett Corporation by 99.0% in the first quarter. OppenheimerFunds Inc. now owns 30,842 shares of the energy company’s stock valued at $140,000 after buying an additional 15,344 shares during the last quarter.

Shares of Bill Barrett Corporation (NYSE:BBG) opened at 3.21 on Friday. The stock’s 50 day moving average is $3.21 and its 200-day moving average is $4.21. Bill Barrett Corporation has a 52-week low of $2.75 and a 52-week high of $8.24. The firm’s market cap is $240.37 million.

Bill Barrett Corporation (NYSE:BBG) last posted its earnings results 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. Bill Barrett Corporation had a negative return on equity of 7.65% and a negative net margin of 52.54%. The firm had revenue of $51.07 million during the quarter, compared to analyst estimates of $53.57 million. During the same period in the previous year, the company earned ($0.13) EPS. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. Equities analysts anticipate that Bill Barrett Corporation will post ($0.77) earnings per share for the current fiscal year.

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Several research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Bill Barrett Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 24th. BidaskClub lowered shares of Bill Barrett Corporation from a “sell” rating to a “strong sell” rating in a report on Friday. BMO Capital Markets set a $2.00 price target on shares of Bill Barrett Corporation and gave the company a “hold” rating in a report on Monday, June 26th. Seaport Global Securities lowered shares of Bill Barrett Corporation from a “neutral” rating to a “sell” rating and cut their price target for the company from $6.00 to $1.50 in a report on Wednesday, June 21st. Finally, FBR & Co cut their price target on shares of Bill Barrett Corporation from $6.00 to $5.00 and set a “market perform” rating on the stock in a report on Thursday, May 4th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. Bill Barrett Corporation presently has an average rating of “Hold” and an average target price of $6.85.

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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