Systematic Financial Management LP Has $25.51 Million Holdings in Continental Building Products Inc (CBPX)

Systematic Financial Management LP cut its holdings in Continental Building Products Inc (NYSE:CBPX) by 3.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 906,062 shares of the construction company’s stock after selling 35,318 shares during the period. Systematic Financial Management LP owned about 2.40% of Continental Building Products worth $25,506,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of CBPX. Citadel Advisors LLC acquired a new stake in Continental Building Products in the third quarter valued at $235,000. Minerva Advisors LLC acquired a new stake in Continental Building Products in the fourth quarter valued at $239,000. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its stake in Continental Building Products by 76.7% in the third quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 10,600 shares of the construction company’s stock valued at $275,000 after buying an additional 4,600 shares in the last quarter. Trexquant Investment LP acquired a new stake in Continental Building Products in the third quarter valued at $351,000. Finally, Teacher Retirement System of Texas acquired a new stake in Continental Building Products in the fourth quarter valued at $379,000. Institutional investors own 99.78% of the company’s stock.

Several equities analysts have issued reports on the company. Zacks Investment Research raised Continental Building Products from a “hold” rating to a “strong-buy” rating and set a $31.00 price objective on the stock in a report on Tuesday, February 13th. Citigroup dropped their price objective on Continental Building Products from $13.00 to $11.50 and set a “neutral” rating on the stock in a report on Thursday, January 25th. SunTrust Banks lowered Continental Building Products from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Barclays raised Continental Building Products from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $27.00 to $33.00 in a report on Friday, January 5th. Finally, Jefferies Group assumed coverage on Continental Building Products in a report on Tuesday, December 12th. They set a “hold” rating and a $28.00 price objective on the stock. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Continental Building Products has an average rating of “Buy” and a consensus price target of $27.25.

Continental Building Products Inc (NYSE CBPX) opened at $27.20 on Tuesday. The stock has a market capitalization of $1,025.85, a PE ratio of 22.11 and a beta of 1.20. Continental Building Products Inc has a twelve month low of $21.00 and a twelve month high of $31.00. The company has a current ratio of 3.11, a quick ratio of 2.46 and a debt-to-equity ratio of 0.88.

COPYRIGHT VIOLATION NOTICE: This report was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this report on another site, it was illegally stolen and republished in violation of U.S. & international copyright laws. The original version of this report can be read at https://www.dispatchtribunal.com/2018/02/20/systematic-financial-management-lp-has-25-51-million-holdings-in-continental-building-products-inc-cbpx.html.

Continental Building Products Company Profile

Continental Building Products, Inc is a manufacturer of gypsum wallboard and complementary finishing products. The Company operates through wallboard segment. Gypsum wallboard is a primary building material used in residential and commercial construction and in repair and remodel (R&R). It offers customers a range of gypsum wallboard products, including LiftLite, its lightweight product designed to lift and install; its Mold Defense line of products designed for protection against mold and mildew, and its Weather Defense line of moisture and mold-resistant exterior sheathing.

Institutional Ownership by Quarter for Continental Building Products (NYSE:CBPX)

Receive News & Ratings for Continental Building Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Continental Building Products and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply