Continental Building Products, Inc. (CBPX) Sees Large Increase in Short Interest

Paterniano Del Favero
Agosto 12, 2017

FMR LLC decreased its stake in shares of Continental Building Products, Inc. (NYSE:CBPX) are 4.75%; -0.23% for the month; -12.33% for the last quarter; -5.16% for the past six-months; and -1.61% for the last 12 months. The institutional investor owned 137,773 shares of the construction company's stock after selling 42,000 shares during the period. Bank of America Corp DE owned approximately 0.34% of Continental Building Products worth $3,267,000 at the end of the most recent quarter. Gratia Capital Ltd Company reported 2.33% of its portfolio in Continental Building Products Inc (NYSE:CBPX). The Liberty Capital Management Inc holds 33,887 shares with $1.77M value, down from 48,264 last quarter. Vanguard Group Inc. now owns 4,142,646 shares of the construction company's stock worth $101,495,000 after buying an additional 172,234 shares during the period. Sei Investments Co. boosted its stake in Continental Building Products by 7.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,403,609 shares of the construction company's stock worth $32,424,000 after buying an additional 138,293 shares during the period.

11/16/2015 - Sterne Agee began new coverage on Continental Building Products Inc giving the company a "buy" rating.

Continental Building Products, Inc.is a manufacturer of gypsum wallboard and complementary finishing products. Sei Investments Co. now owns 22,538 shares of the construction company's stock valued at $551,000 after buying an additional 1,626 shares in the last quarter. Investors of this company earned a return of 6.90% on the assets it owns in past twelve month. About shares traded. Continental Building Products Inc (NYSE:CBPX) has risen 13.56% since August 7, 2016 and is uptrending. (CBPX) traded up 0.92% during mid-day trading on Friday, reaching $22.00. The construction company reported $0.32 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.35 by $0.03. Current price places the company's stock -5.67% away from its 200-day simple moving average, -4.45%, away from the 50-day average and also 0.14% away from 20-day average. The company has a market capitalization of $898.75 million, a PE ratio of 21.33 and a beta of 1.28. Blackrock invested 0% in Continental Building Products Inc (NYSE:CBPX).

Continental Building Products (NYSE:CBPX) last posted its quarterly earnings data on Thursday, August 3rd. The business had revenue of $120.60 million for the quarter, compared to the consensus estimate of $127.60 million. Seekingalpha.com's news article titled: "Continental Building Products (CBPX) Q1 2017 Results - Earnings Call Transcript" with publication date: May 04, 2017 was also an interesting one. The business's revenue was up 3.0% compared to the same quarter a year ago. During the same period in the prior year, the firm posted $0.31 EPS.

ILLEGAL ACTIVITY NOTICE: This piece was reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this piece of content on another site, it was illegally copied and republished in violation of USA & global copyright and trademark laws. Norges Bank acquired a new position in shares of Continental Building Products during the fourth quarter worth about $830,000.

A number of analysts have recently issued reports on the stock. Continental Building Products had 20 analyst reports since August 23, 2015 according to SRatingsIntel.

Equity analyst Longbow Research released its first research report on the stock setting a rating of "Neutral". The stock of Continental Building Products Inc (NYSE:CBPX) earned "Neutral" rating by Citigroup on Monday, April 18. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company's stock. Continental Building Products now has a consensus rating of "Hold" and an average target price of $26.33. The stock stands almost -6.77% off versus the 52-week high and 33.69% away from the 52-week low. The Firm operates through wallboard segment. Gypsum wallboard is a primary building material used in residential and commercial construction and in fix and remodel (R&R). The Company offers its customers a range of gypsum wallboard products, including LiftLite, its lightweight product created 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.

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