Sei Investments Co. Lowers Position in GCP Applied Technologies Inc (GCP)

Sei Investments Co. Lowers Position in GCP Applied Technologies Inc (GCP)

Other large investors also recently modified their holdings of the company. Strs Ohio raised its stake in shares of GCP Applied Technologies by 450.0% in the first quarter. Strs Ohio now owns 4,400 shares of the construction company’s stock worth $143,000 after buying an additional 3,600 shares in the last quarter. WealthTrust Axiom LLC bought a new stake in shares of GCP Applied Technologies during the first quarter worth approximately $210,000. Teza Capital Management LLC bought a new stake in shares of GCP Applied Technologies during the first quarter worth approximately $212,000. Trexquant Investment LP bought a new stake in shares of GCP Applied Technologies during the fourth quarter worth approximately $221,000. Finally, SG Americas Securities LLC bought a new stake in shares of GCP Applied Technologies during the third quarter worth approximately $244,000. 82.46% of the stock is currently owned by hedge funds and other institutional investors.

Sei Investments Co. lowered its position in GCP Applied Technologies Inc (NYSE:GCP) by 21.6% during the first quarter, Holdings Channel reports. The institutional investor owned 138,467 shares of the construction company’s stock after selling 38,220 shares during the period. Sei Investments Co.’s holdings in GCP Applied Technologies were worth $4,520,000 at the end of the most recent quarter.

GCP Applied Technologies Inc (NYSE GCP) opened at 30.60 on Tuesday. The firm’s 50-day moving average is $32.05 and its 200-day moving average is $29.46. GCP Applied Technologies Inc has a 52-week low of $23.20 and a 52-week high of $34.22. The firm has a market capitalization of $2.19 billion and a P/E ratio of 56.98.

GCP Applied Technologies (NYSE:GCP) last released its earnings results on Tuesday, May 9th. The construction company reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.25. GCP Applied Technologies had a net margin of 5.61% and a return on equity of 1,424.27%. The business had revenue of $225.30 million during the quarter, compared to the consensus estimate of $314.30 million. On average, equities analysts expect that GCP Applied Technologies Inc will post $0.80 earnings per share for the current year.

A number of equities research analysts have commented on the stock. Monness Crespi & Hardt raised shares of GCP Applied Technologies from a “neutral” rating to a “buy” rating and set a $37.00 price objective on the stock in a report on Friday, March 3rd. Jefferies Group LLC reissued a “buy” rating and set a $37.00 price objective (up previously from $33.00) on shares of GCP Applied Technologies in a report on Sunday, March 5th. Finally, Zacks Investment Research raised shares of GCP Applied Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, May 9th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. GCP Applied Technologies presently has an average rating of “Buy” and a consensus target price of $35.33.

About GCP Applied Technologies

GCP Applied Technologies Inc produces and sells specialty construction chemicals, specialty building materials, and packaging sealants and coatings. The Company operates through three segments: Specialty Construction Chemicals, Specialty Building Materials and Darex Packaging Technologies. The Specialty Construction Chemicals segment manufactures and markets products to manage performance of Portland cement, and materials based on Portland cement, such as concrete admixtures and cement additives, as well as concrete production management systems.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “GCP”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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