Marshall Wace LLP Has $1.30 Million Stock Holdings in Continental Building Products Inc (NYSE:CBPX)

Marshall Wace LLP reduced its holdings in shares of Continental Building Products Inc (NYSE:CBPX) by 51.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 52,384 shares of the construction company’s stock after selling 54,592 shares during the quarter. Marshall Wace LLP owned 0.15% of Continental Building Products worth $1,299,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in CBPX. Cooper Creek Partners Management LLC acquired a new stake in shares of Continental Building Products in the 1st quarter worth $2,189,000. Westwood Holdings Group Inc. increased its stake in Continental Building Products by 37.9% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,295,260 shares of the construction company’s stock worth $32,109,000 after buying an additional 356,125 shares in the last quarter. Sapience Investments LLC boosted its holdings in shares of Continental Building Products by 5.7% during the 1st quarter. Sapience Investments LLC now owns 291,375 shares of the construction company’s stock worth $7,223,000 after purchasing an additional 15,610 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Continental Building Products in the first quarter valued at approximately $833,000. Finally, William Blair Investment Management LLC lifted its holdings in Continental Building Products by 7.5% in the first quarter. William Blair Investment Management LLC now owns 499,112 shares of the construction company’s stock valued at $12,373,000 after acquiring an additional 34,798 shares during the last quarter.

Shares of CBPX traded down $0.78 during mid-day trading on Thursday, reaching $24.68. The company had a trading volume of 150,486 shares, compared to its average volume of 290,543. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.53 and a current ratio of 4.40. The firm has a market capitalization of $885.72 million, a PE ratio of 12.22, a price-to-earnings-growth ratio of 2.60 and a beta of 1.45. The company’s fifty day simple moving average is $24.79. Continental Building Products Inc has a fifty-two week low of $22.35 and a fifty-two week high of $39.60.

Continental Building Products (NYSE:CBPX) last posted its earnings results on Thursday, May 2nd. The construction company reported $0.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.08. Continental Building Products had a net margin of 14.35% and a return on equity of 22.48%. The business had revenue of $122.03 million for the quarter, compared to analyst estimates of $116.07 million. During the same quarter in the previous year, the business posted $0.36 EPS. The business’s quarterly revenue was up 4.5% on a year-over-year basis. On average, equities research analysts expect that Continental Building Products Inc will post 1.96 EPS for the current fiscal year.

A number of research analysts recently commented on CBPX shares. Seaport Global Securities reiterated a “neutral” rating on shares of Continental Building Products in a report on Monday, May 6th. ValuEngine raised XOMA from a “sell” rating to a “hold” rating in a research report on Friday, May 24th. Zacks Investment Research lowered German American Bancorp. from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. Finally, Royal Bank of Canada set a $60.00 target price on Masonite International and gave the company a “buy” rating in a report on Friday, May 3rd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $31.75.

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.

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

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