Mak Capital One Lowers stake in Louisiana-Pacific Corporation (LPX)

Louisiana-Pacific Corporation (LPX) : Mak Capital One reduced its stake in Louisiana-Pacific Corporation by 99.71% during the most recent quarter end. The investment management company now holds a total of 4,263 shares of Louisiana-Pacific Corporation which is valued at $77,544 after selling 1,453,190 shares in Louisiana-Pacific Corporation , the firm said in a disclosure report filed with the SEC on May 13, 2016.Louisiana-Pacific Corporation makes up approximately 0.06% of Mak Capital One’s portfolio.

Other Hedge Funds, Including , Dimensional Fund Advisors Lp reduced its stake in LPX by selling 690,025 shares or 8.29% in the most recent quarter. The Hedge Fund company now holds 7,634,105 shares of LPX which is valued at $138.9 Million. Louisiana-Pacific Corporation makes up approx 0.08% of Dimensional Fund Advisors Lp’s portfolio. Bluecrest Capital Management Ltd added LPX to its portfolio by purchasing 131,832 company shares during the most recent quarter which is valued at $2.4 Million. Louisiana-Pacific Corporation makes up approx 0.21% of Bluecrest Capital Management Ltd’s portfolio.Rhumbline Advisers boosted its stake in LPX in the latest quarter, The investment management firm added 8,290 additional shares and now holds a total of 289,375 shares of Louisiana-Pacific Corporation which is valued at $5.3 Million. Louisiana-Pacific Corporation makes up approx 0.02% of Rhumbline Advisers’s portfolio.First Mercantile Trust Co reduced its stake in LPX by selling 3,052 shares or 9.47% in the most recent quarter. The Hedge Fund company now holds 29,173 shares of LPX which is valued at $495,941. Louisiana-Pacific Corporation makes up approx 0.06% of First Mercantile Trust Co’s portfolio.

Louisiana-Pacific Corporation closed down -0.03 points or -0.17% at $17.92 with 17,61,006 shares getting traded on Wednesday. Post opening the session at $18, the shares hit an intraday low of $17.72 and an intraday high of $18.11 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Louisiana-Pacific Corporation reported $0.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on May 9, 2016. Analyst had a consensus of $0.01. The company had revenue of $505.00 million for the quarter, compared to analysts expectations of $512.27 million. The company’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.13 EPS.

Louisiana-Pacific Corporation is a manufacturer of building products. The Company’s products are used in new home construction repair and remodeling and outdoor structures. The Company operates in four segments: North America Oriented Strand Board (OSB) Siding Engineered Wood Products (EWP) and South America. The OSB segment manufactures and distributes OSB structural panel products. The Siding segment offers two categories of products which include SmartSide siding products and related accessories; and CanExel siding and accessories and other related products. The EWP segment manufactures and distributes laminated veneer lumber (LVL) I-Joists laminated strand lumber (LSL) and other related products. The South American segment manufactures and distributes OSB and siding products in South America and certain export markets. Its other products category includes its remaining timber and timberlands and other products services and closed operations.

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