ClariVest Asset Management LLC Reduced Holding in Continental Building Products Inc (CBPX)

ClariVest Asset Management LLC Reduced Holding in Continental Building Products Inc (CBPX)

ClariVest Asset Management LLC reduced its stake in shares of Continental Building Products Inc (NYSE:CBPX) by 4.7% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 122,869 shares of the construction company’s stock after selling 6,099 shares during the period. ClariVest Asset Management LLC’s holdings in Continental Building Products were worth $3,011,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Spark Investment Management LLC boosted its stake in Continental Building Products by 19.7% in the first quarter. Spark Investment Management LLC now owns 160,100 shares of the construction company’s stock valued at $3,922,000 after buying an additional 26,300 shares in the last quarter. Alliancebernstein L.P. boosted its stake in Continental Building Products by 177.9% in the first quarter. Alliancebernstein L.P. now owns 106,450 shares of the construction company’s stock valued at $2,608,000 after buying an additional 68,150 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Continental Building Products during the first quarter valued at approximately $317,000. American International Group Inc. boosted its stake in Continental Building Products by 7.1% in the first quarter. American International Group Inc. now owns 21,709 shares of the construction company’s stock valued at $532,000 after buying an additional 1,448 shares in the last quarter. Finally, William Blair Investment Management LLC bought a new stake in Continental Building Products during the first quarter valued at approximately $13,876,000. 95.35% of the stock is owned by hedge funds and other institutional investors.

Continental Building Products Inc (CBPX) traded up 1.43% during midday trading on Friday, reaching $24.85. The company’s stock had a trading volume of 279,561 shares. Continental Building Products Inc has a 52 week low of $18.35 and a 52 week high of $26.53. The firm’s 50-day moving average price is $24.36 and its 200-day moving average price is $23.86. The stock has a market capitalization of $974.62 million, a PE ratio of 22.82 and a beta of 1.31.

Continental Building Products (NYSE:CBPX) last issued its quarterly earnings results on Thursday, May 4th. The construction company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.06. Continental Building Products had a return on equity of 15.21% and a net margin of 9.27%. The company had revenue of $120.60 million for the quarter, compared to analyst estimates of $109.81 million. During the same quarter in the prior year, the company posted $0.30 EPS. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. On average, analysts anticipate that Continental Building Products Inc will post $1.36 earnings per share for the current year.

CBPX has been the subject of several recent analyst reports. Royal Bank of Canada reissued a “buy” rating on shares of Continental Building Products in a research note on Monday, May 15th. Zacks Investment Research raised Continental Building Products from a “sell” rating to a “hold” rating in a research note on Tuesday, May 9th. Finally, TheStreet raised Continental Building Products from a “c” rating to a “b-” rating in a research note on Monday, February 6th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $24.40.

In other news, VP Isabelle Shiffrin sold 3,104 shares of the company’s stock in a transaction on Wednesday, March 15th. The stock was sold at an average price of $25.80, for a total transaction of $80,083.20. Following the completion of the sale, the vice president now directly owns 9,288 shares in the company, valued at approximately $239,630.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.20% of the company’s stock.

Continental Building Products Company Profile

Continental Building Products, Inc is a manufacturer of gypsum wallboard and complementary finishing products. The Company operates through wallboard segment. Gypsum wallboard is a primary building material used in residential and commercial construction and in repair and remodel (R&R). It offers customers a range of gypsum wallboard products, including LiftLite, its lightweight product designed to lift and install; its Mold Defense line of products designed for protection against mold and mildew, and its Weather Defense line of moisture and mold-resistant exterior sheathing.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “CBPX”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding CBPX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Continental Building Products Inc (NYSE:CBPX).

Related posts

Leave a Comment