Waterfront Capital Partners Lowers stake in Headwaters Inc (HW)

Headwaters Inc (HW) : Waterfront Capital Partners reduced its stake in Headwaters Inc by 1.67% during the most recent quarter end. The investment management company now holds a total of 1,435,731 shares of Headwaters Inc which is valued at $27,178,388 after selling 24,369 shares in Headwaters Inc , the firm said in a disclosure report filed with the SEC on May 10, 2016.Headwaters Inc makes up approximately 4.45% of Waterfront Capital Partners’s portfolio.

Other Hedge Funds, Including , Alps Advisors Inc added HW to its portfolio by purchasing 23,204 company shares during the most recent quarter which is valued at $439,252. Bluecrest Capital Management Ltd added HW to its portfolio by purchasing 11,649 company shares during the most recent quarter which is valued at $216,555. Headwaters Inc makes up approx 0.02% of Bluecrest Capital Management Ltd’s portfolio.Emerald Mutual Fund Advisers Trust boosted its stake in HW in the latest quarter, The investment management firm added 179,239 additional shares and now holds a total of 697,457 shares of Headwaters Inc which is valued at $13,956,115. Headwaters Inc makes up approx 0.78% of Emerald Mutual Fund Advisers Trust’s portfolio.Texas Permanent School Fund reduced its stake in HW by selling 1,940 shares or 3.17% in the most recent quarter. The Hedge Fund company now holds 59,199 shares of HW which is valued at $1,184,572. Headwaters Inc makes up approx 0.01% of Texas Permanent School Fund’s portfolio.

Headwaters Inc closed down -0.38 points or -2.01% at $18.55 with 8,65,536 shares getting traded on Monday. Post opening the session at $18.97, the shares hit an intraday low of $18.535 and an intraday high of $19 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Headwaters Inc reported $0.13 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 3, 2016. Analyst had a consensus of $0.10. The company had revenue of $202.30 million for the quarter, compared to analysts expectations of $198.82 million. The company’s revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 EPS.

Many Wall Street Analysts have commented on Headwaters Inc. DA Davidson Upgraded Headwaters Inc on May 4, 2016 to ” Buy”, Price Target of the shares are set at $24.DA Davidson Initiated Headwaters Inc on Apr 29, 2016 to “Neutral”, Price Target of the shares are set at $24.

Headwaters Incorporated (Headwaters) is a building products company providing products and services in the light and heavy building materials sectors. It operates in three segments: light building products heavy construction materials and energy technology. The Company’s light building products segment is engaged in design manufacture and marketing of siding accessories used in residential repair and remodeling and new residential construction applications. Heavy construction materials segment is engaged in management and marketing of fly ash and other CCPs procuring fly ash from coal-fueled electric generating utilities and supplying it to customers as a mineral admixture used as a partial replacement for portland cement in the production of concrete. The energy technology segment is focused on reducing waste and increasing the value of energy-related feedstocks primarily in the areas of low-value coal and oil.

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