Mak Capital One Exits Position in Louisiana-Pacific Corporation (LPX)

Louisiana-Pacific Corporation (LPX) : Mak Capital One has sold out all of its stake in Louisiana-Pacific Corporation during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 4,263 shares of Louisiana-Pacific Corporation which is valued at $80,954.

Other Hedge Funds, Including , Highbridge Capital Management added LPX to its portfolio by purchasing 13,957 company shares during the most recent quarter which is valued at $265,043. Louisiana-Pacific Corporation makes up approx 0.01% of Highbridge Capital Management’s portfolio.Commonwealth Of Pennsylvania Public School Empls Retrmt Sys boosted its stake in LPX in the latest quarter, The investment management firm added 2,076 additional shares and now holds a total of 27,668 shares of Louisiana-Pacific Corporation which is valued at $525,415. Louisiana-Pacific Corporation makes up approx 0.01% of Commonwealth Of Pennsylvania Public School Empls Retrmt Sys’s portfolio.Blackrock Investment Management boosted its stake in LPX in the latest quarter, The investment management firm added 54,965 additional shares and now holds a total of 894,820 shares of Louisiana-Pacific Corporation which is valued at $16,992,632. Louisiana-Pacific Corporation makes up approx 0.02% of Blackrock Investment Management’s portfolio.First Midwest Bank Trust Division boosted its stake in LPX in the latest quarter, The investment management firm added 5,698 additional shares and now holds a total of 17,786 shares of Louisiana-Pacific Corporation which is valued at $364,791. Louisiana-Pacific Corporation makes up approx 0.04% of First Midwest Bank Trust Division’s portfolio.Gemmer Asset Management boosted its stake in LPX in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 285 shares of Louisiana-Pacific Corporation which is valued at $5,803.

Louisiana-Pacific Corporation opened for trading at $19.51 and hit $19.8 on the upside on Thursday, eventually ending the session at $19.8, with a gain of 1.64% or 0.32 points. The heightened volatility saw the trading volume jump to 15,42,465 shares. Company has a market cap of $2,815 M.

On the company’s financial health, Louisiana-Pacific Corporation reported $0.28 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.26. The company had revenue of $582.40 million for the quarter, compared to analysts expectations of $582.79 million. The company’s revenue was up 18.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.08 EPS.

Many Wall Street Analysts have commented on Louisiana-Pacific Corporation. Louisiana-Pacific Corporation was Upgraded by Dundee to ” Buy” on Jul 21, 2016.

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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