Bank of Montreal Can lifted its stake in Bill Barrett Co. (NYSE:BBG) by 4,995.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 141,599 shares of the energy company’s stock after buying an additional 138,820 shares during the quarter. Bank of Montreal Can’s holdings in Bill Barrett were worth $727,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in BBG. Engineers Gate Manager LP purchased a new position in shares of Bill Barrett in the third quarter worth $120,000. Cornerstone Capital Management Holdings LLC. bought a new stake in Bill Barrett in the second quarter worth $148,000. Highbridge Capital Management LLC bought a new stake in Bill Barrett in the third quarter worth $181,000. BNP Paribas Arbitrage SA increased its position in Bill Barrett by 33.9% in the third quarter. BNP Paribas Arbitrage SA now owns 46,009 shares of the energy company’s stock worth $197,000 after purchasing an additional 11,650 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in Bill Barrett by 64.3% in the second quarter. The Manufacturers Life Insurance Company now owns 67,680 shares of the energy company’s stock worth $208,000 after purchasing an additional 26,486 shares during the last quarter. 98.22% of the stock is currently owned by hedge funds and other institutional investors.
Bill Barrett Co. (NYSE BBG) opened at $5.36 on Tuesday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 2.78 and a current ratio of 2.78. Bill Barrett Co. has a 1 year low of $2.66 and a 1 year high of $6.93. The firm has a market cap of $533.31, a price-to-earnings ratio of -3.35 and a beta of 3.65.
Several equities research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Bill Barrett from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. ValuEngine cut shares of Bill Barrett from a “sell” rating to a “strong sell” rating in a research report on Friday, February 2nd. Imperial Capital upgraded shares of Bill Barrett from an “in-line” rating to an “outperform” rating and set a $8.00 price target on the stock in a research report on Thursday, November 2nd. Barclays reduced their price target on shares of Bill Barrett from $7.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 12th. Finally, Seaport Global Securities restated a “neutral” rating on shares of Bill Barrett in a research report on Tuesday, December 19th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $6.63.
Bill Barrett Company Profile
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.
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