Zelman Capital Lowers stake in Continental Building Products Inc (CBPX)

Continental Building Products Inc (CBPX) : Zelman Capital reduced its stake in Continental Building Products Inc by 1.55% during the most recent quarter end. The investment management company now holds a total of 598,395 shares of Continental Building Products Inc which is valued at $12.5 Million after selling 9,409 shares in Continental Building Products Inc , the firm said in a disclosure report filed with the SEC on May 12, 2016.Continental Building Products Inc makes up approximately 7.13% of Zelman Capital’s portfolio.

Other Hedge Funds, Including , Penn Capital Management Co Inc boosted its stake in CBPX in the latest quarter, The investment management firm added 81,814 additional shares and now holds a total of 300,151 shares of Continental Building Products Inc which is valued at $6.3 Million. Continental Building Products Inc makes up approx 0.36% of Penn Capital Management Co Inc’s portfolio.Blackrock Institutional Trust Company N.a. reduced its stake in CBPX by selling 177,519 shares or 14.58% in the most recent quarter. The Hedge Fund company now holds 1,040,102 shares of CBPX which is valued at $21.8 Million.Blackrock Advisors reduced its stake in CBPX by selling 116,057 shares or 17.69% in the most recent quarter. The Hedge Fund company now holds 539,982 shares of CBPX which is valued at $11.3 Million. Continental Building Products Inc makes up approx 0.01% of Blackrock Advisors’s portfolio. Oxford Asset Management added CBPX to its portfolio by purchasing 121,650 company shares during the most recent quarter which is valued at $2.5 Million. Continental Building Products Inc makes up approx 0.09% of Oxford Asset Management’s portfolio.Tiaa Cref Investment Management boosted its stake in CBPX in the latest quarter, The investment management firm added 144 additional shares and now holds a total of 219,815 shares of Continental Building Products Inc which is valued at $4.3 Million.

Continental Building Products Inc opened for trading at $21.18 and hit $22.04 on the upside on Friday, eventually ending the session at $21.74, with a gain of 3.08% or 0.65 points. The heightened volatility saw the trading volume jump to 4,86,834 shares. Company has a market cap of $885,557 M.

On the company’s financial health, Continental Building Products Inc reported $0.30 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on May 9, 2016. Analyst had a consensus of $0.16. The company had revenue of $111.49 million for the quarter, compared to analysts expectations of $99.28 million. The company’s revenue was up 20.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 EPS.

Many Wall Street Analysts have commented on Continental Building Products Inc. Company shares were Reiterated by RBC Capital Mkts on May 11, 2016 to “Outperform”, Firm has raised the Price Target to $ 25 from a previous price target of $22 .Continental Building Products Inc was Initiated by Longbow to “Neutral” on May 5, 2016. Company shares were Reiterated by RBC Capital Mkts on Mar 16, 2016 to “Outperform”, Firm has raised the Price Target to $ 20 from a previous price target of $18 .

Continental Building Products Inc. is a manufacturer of gypsum wallboard and complementary finishing products. The Company’s manufacturing facilities and sales efforts are concentrated in the eastern United States and eastern Canada. Gypsum wallboard is a primary building material used in new residential and commercial construction and in repair and remodel (R&R). The Company offers its customers a range of gypsum wallboard products including LiftLite a lightweight wallboard for use on interior walls; Mold Defense line of products designed for enhanced protection against mold and mildew and Weather Defense line of moisture and mold-resistant exterior sheathing. The Company’s wallboard product offerings include LiftLite Firecheck Mold Defense and Rapid Coat. The Company operates its automated manufacturing facilities in Silver Grove (Kentucky) Palatka (Florida) and Buchanan (New York).

Leave a Reply

Continental Building Products Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Continental Building Products Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.