Tiger Veda Management Exits Position in Continental Building Products Inc (CBPX)

Continental Building Products Inc (CBPX) : Tiger Veda Management has sold out all of its stake in Continental Building Products Inc during the most recent quarter, according to the disclosure filed by the company on Apr 20, 2016 with the SEC. The investment management company has sold out 410,000 shares of Continental Building Products Inc which is valued at $8,179,500.

Continental Building Products Inc opened for trading at $19.84 and hit $20.1 on the upside on Friday, eventually ending the session at $19.95, with a gain of 0.86% or 0.17 points. The heightened volatility saw the trading volume jump to 2,89,544 shares. Company has a market cap of $832 M.

Other Hedge Funds, Including , Fox Run Management L.l.c. added CBPX to its portfolio by purchasing 13,200 company shares during the most recent quarter which is valued at $263,340. Continental Building Products Inc makes up approx 0.17% of Fox Run Management L.l.c.’s portfolio.Skylands Capital boosted its stake in CBPX in the latest quarter, The investment management firm added 55,500 additional shares and now holds a total of 373,200 shares of Continental Building Products Inc which is valued at $7,228,884. Continental Building Products Inc makes up approx 1.14% of Skylands Capital’s portfolio.Dalton Greiner Hartman Maher Co boosted its stake in CBPX in the latest quarter, The investment management firm added 19,162 additional shares and now holds a total of 90,691 shares of Continental Building Products Inc which is valued at $1,756,685. Continental Building Products Inc makes up approx 0.11% of Dalton Greiner Hartman Maher Co’s portfolio. Simplex Trading added CBPX to its portfolio by purchasing 406 company shares during the most recent quarter which is valued at $7,864.

On the company’s financial health, Continental Building Products Inc reported $0.25 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Feb 22, 2016. Analyst had a consensus of $0.22. The company had revenue of $110.40 million for the quarter, compared to analysts expectations of $110.89 million. The company’s revenue was down -8.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.24 EPS.

Many Wall Street Analysts have commented on Continental Building Products Inc. 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 .Company shares were Reiterated by RBC Capital Mkts on Feb 23, 2016 to “Outperform”, Firm has raised the Price Target to $ 18 from a previous price target of $17 .BB&T Capital Mkts Upgraded Continental Building Products Inc on Feb 1, 2016 to ” Buy”, Price Target of the shares are set at $20.

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).

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