Company profile

Leigh R. Fox
Incorporated in
Fiscal year end
Former names
Broadwing Inc, Cincinnati Bell Inc
IRS number

CBB stock data



5 May 20
11 Jul 20
31 Dec 20


Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 380M 390.4M 382.5M 384.2M
Net income -34M -20.6M -13.6M -5.5M
Diluted EPS -0.72 -0.46 -0.32 -0.16
Net profit margin -8.95% -5.28% -3.56% -1.43%
Operating income -20.2M 15.3M 22.8M 24.9M
Net change in cash -1M 5.1M -2.8M 5.4M
Cash on hand 10.6M 11.6M 6.5M 9.3M
Cost of revenue 193.7M 196.7M 194.7M 195.5M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 1.54B 1.38B 1.07B 1.02B
Net income -66.6M -69.8M 40M 103M
Diluted EPS -1.53 -1.73 0.7 2.2
Net profit margin -4.33% -5.06% 3.75% 10.12%
Operating income 73.1M 83.3M 55.4M 98.8M
Net change in cash -3.8M -2.4M 8.1M 2.3M
Cash on hand 11.6M 15.4M 17.8M 9.7M
Cost of revenue 784.6M 698.7M 531M 507.3M

Financial data from company earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
2 Mar 20 Theodore H. Torbeck Common Stock Sell Dispose S Yes 15 15,000 225K 270,591
2 Mar 20 Leigh R. Fox Common Stock Payment of exercise Dispose F No 14.88 4,004 59.58K 311,571
2 Mar 20 Leigh R. Fox Common Stock Grant Aquire A No 14.88 8,906 132.52K 315,575
30 Jan 20 Joshua T. Duckworth Common Stock Payment of exercise Dispose F No 13.45 1,303 17.53K 33,418
30 Jan 20 Joshua T. Duckworth Common Stock Grant Aquire A No 13.45 3,545 47.68K 34,721
30 Jan 20 Christi H Cornette Common Stock Payment of exercise Dispose F No 13.45 1,666 22.41K 42,928
30 Jan 20 Christi H Cornette Common Stock Grant Aquire A No 13.45 4,726 63.56K 44,594
30 Jan 20 Christopher J Wilson Common Stock Payment of exercise Dispose F No 13.45 3,056 41.1K 94,852
30 Jan 20 Christopher J Wilson Common Stock Grant Aquire A No 13.45 9,216 123.96K 97,908
94.6% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 137 146 -6.2%
Opened positions 28 23 +21.7%
Closed positions 37 43 -14.0%
Increased positions 45 34 +32.4%
Reduced positions 36 62 -41.9%
13F shares
Current Prev Q Change
Total value 986.27M 699.21M +41.1%
Total shares 47.68M 49.97M -4.6%
Total puts 736.2K 1.58M -53.5%
Total calls 143.6K 63.7K +125.4%
Total put/call ratio 5.1 24.9 -79.4%
Largest owners
Shares Value Change
BLK BlackRock 7.44M $108.93M +0.7%
NMR Nomura 4.87M $71.29M 0.0%
ARES Ares Management 4.75M $69.61M 0.0%
Vanguard 3.21M $47.05M +9.6%
CS Credit Suisse 3.09M $45.24M +5.9%
BAM Brookfield Asset Management 2.34M $34.25M 0.0%
Dimensional Fund Advisors 1.89M $27.73M 0.0%
STT State Street 1.52M $22.22M +7.2%
GBL Gamco Investors, Inc. Et Al 1.39M $20.41M -46.8%
CNH Partners 1.19M $17.38M +192.1%
Largest transactions
Shares Bought/sold Change
Legion Partners Asset Management 0 -1.79M EXIT
Black Diamond Capital Management, L.L.C. 0 -1.62M EXIT
GBL Gamco Investors, Inc. Et Al 1.39M -1.23M -46.8%
Private Management 0 -1.03M EXIT
Pentwater Capital Management 862.56K +862.56K NEW
CNH Partners 1.19M +780.43K +192.1%
FIL 0 -750K EXIT
IndexIQ Advisors 650.03K +650.03K NEW
FMR 125.65K -602.15K -82.7%
DLD Asset Management 554.09K +554.09K NEW

Financial report summary

  • The recent global outbreak of COVID-19 and related government, private sector and individual consumer responsive actions have adversely affected the Company’s business operations, employee availability, financial performance, liquidity and cash flow and may continue to do so for an unknown period of time.
  • The Company may be unable to grow our revenues and cash flows despite the initiatives we have implemented.
  • The Company generates a substantial portion of its revenue by serving a limited geographic area.
  • Increases in broadband usage may cause network capacity limitations, resulting in service disruptions or reduced capacity for customers.
  • The regulation of the Company’s businesses by federal and state authorities may, among other things, place the Company at a competitive disadvantage, restrict its ability to price its products and services competitively and threaten its operating licenses.
  • The Company depends on a number of third-party providers and the loss of or problems with one or more of these providers may impede the Company’s growth, cause it to lose customers or materially and adversely impact our business, financial condition, and results of operations.
  • The servicing of the Company’s indebtedness is dependent on its ability to generate cash, which could be impacted by many factors beyond its control.
  • There are material uncertainties and risks associated with the MIP Merger Agreement and proposed MIP Merger.
  • The proposed MIP Merger may not be completed in a timely manner or at all.
  • Failure to complete the MIP Merger could negatively impact the Company’s business, financial results and stock price.
  • The trading price of the Company’s common stock has been, and may continue to be, volatile, and the value of an investment in the Company’s common stock may decline.
  • The uncertain economic environment, including uncertainty in the U.S. and world securities markets, could impact the Company’s business and financial condition.
  • The Company could be subject to a significant amount of litigation, which could require the Company to pay significant damages or settlements.
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