Continental Building Products Inc (CBPX) Shares Sold by MERIAN GLOBAL INVESTORS UK Ltd

MERIAN GLOBAL INVESTORS UK Ltd decreased its holdings in Continental Building Products Inc (NYSE:CBPX) by 4.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 316,256 shares of the construction company’s stock after selling 15,740 shares during the period. MERIAN GLOBAL INVESTORS UK Ltd’s holdings in Continental Building Products were worth $8,048,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in CBPX. Quantamental Technologies LLC bought a new position in shares of Continental Building Products during the fourth quarter worth approximately $119,000. United Services Automobile Association bought a new position in shares of Continental Building Products during the second quarter worth approximately $200,000. Bank of Montreal Can increased its stake in shares of Continental Building Products by 153.3% during the fourth quarter. Bank of Montreal Can now owns 7,968 shares of the construction company’s stock worth $203,000 after purchasing an additional 4,822 shares during the period. Global Endowment Management LP bought a new position in shares of Continental Building Products during the third quarter worth approximately $210,000. Finally, Janus Henderson Group PLC bought a new position in shares of Continental Building Products during the third quarter worth approximately $227,000. Hedge funds and other institutional investors own 97.77% of the company’s stock.

Continental Building Products stock opened at $27.40 on Tuesday. Continental Building Products Inc has a one year low of $24.11 and a one year high of $39.60. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.32 and a current ratio of 4.01. The firm has a market cap of $996.21 million, a price-to-earnings ratio of 20.60, a P/E/G ratio of 1.37 and a beta of 1.35.

A number of brokerages have recently weighed in on CBPX. ValuEngine upgraded Continental Building Products from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Zacks Investment Research lowered Continental Building Products from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. Stephens restated a “hold” rating and set a $28.00 price objective on shares of Continental Building Products in a research note on Sunday, January 27th. Raymond James lowered Continental Building Products from a “strong-buy” rating to a “market perform” rating in a research note on Wednesday, January 23rd. Finally, Barclays set a $35.00 price objective on Continental Building Products and gave the stock a “buy” rating in a research note on Wednesday, December 12th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $32.50.

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Continental Building Products Profile

Continental Building Products, Inc manufactures and sells gypsum wallboard and complementary finishing products in the eastern United States and eastern Canada. The company sells its products to gypsum wallboard distributors, buying groups, wholesalers, and mass merchants in the new residential, repair and remodel, and commercial construction markets under the LiftLite, Mold Defense, and Weather Defense brand names.

See Also: 12b-1 Fees

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

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