Continental Bldg Prods INC (CBPX) Holder Gratia Capital LLC Boosted Stake

October 20, 2017 - By Vivian Park

Investors sentiment decreased to 1.3 in Q2 2017. Its down 0.23, from 1.53 in 2017Q1. It dived, as 18 investors sold CBPX shares while 43 reduced holdings. 19 funds opened positions while 60 raised stakes. 36.94 million shares or 1.70% more from 36.32 million shares in 2017Q1 were reported. 5,645 are owned by Bnp Paribas Arbitrage Sa. Ny State Common Retirement Fund owns 0% invested in Continental Building Products Inc (NYSE:CBPX) for 49,830 shares. Hbk Invs LP holds 19,200 shares. Point72 Asia (Hong Kong) owns 45 shares. Westwood Grp Inc stated it has 0.16% of its portfolio in Continental Building Products Inc (NYSE:CBPX). Moreover, Mufg Americas Hldg has 0% invested in Continental Building Products Inc (NYSE:CBPX). Skylands Ltd Liability Corporation stated it has 1.06% of its portfolio in Continental Building Products Inc (NYSE:CBPX). Tudor Invest Corp Et Al holds 0.03% or 37,358 shares in its portfolio. Meeder Asset Mngmt Incorporated reported 1,611 shares stake. Genesee Valley Company holds 0.1% or 9,634 shares in its portfolio. Victory Cap Management reported 10,110 shares or 0% of all its holdings. 213,992 were reported by Schwab Charles Inv Management Incorporated. The Connecticut-based Paloma Mngmt has invested 0.01% in Continental Building Products Inc (NYSE:CBPX). Highbridge Cap Mgmt Limited Liability has 0% invested in Continental Building Products Inc (NYSE:CBPX). 18,560 are owned by Alps Advsr.

Steve Pei increased its stake in Continental Bldg Prods Inc (CBPX) by 295.92% based on its latest 2017Q2 regulatory filing with the SEC. Gratia Capital Llc bought 517,548 shares as the company’s stock rose 2.79% with the market. The hedge fund run by Steve Pei held 692,440 shares of the capital goods company at the end of 2017Q2, valued at $16.13 million, up from 174,892 at the end of the previous reported quarter. Gratia Capital Llc who had been investing in Continental Bldg Prods Inc for a number of months, seems to be bullish on the $1.03 billion market cap company. The stock rose 0.09% or $0.02 reaching $26.85 per share. About 136,581 shares traded. Continental Building Products Inc (NYSE:CBPX) has risen 13.56% since October 20, 2016 and is uptrending. It has underperformed by 3.14% the S&P500.

Gratia Capital Llc, which manages about $521.00 million and $341.72M US Long portfolio, decreased its stake in Commercehub Inc by 198,929 shares to 493,031 shares, valued at $8.60 million in 2017Q2, according to the filing. It also reduced its holding in American Intl Group Inc (NYSE:AIG) by 64,779 shares in the quarter, leaving it with 101,338 shares, and cut its stake in Spdr S&P 500 Etf Tr (Call) (SPY).

More news for Continental Building Products Inc (NYSE:CBPX) were recently published by: Seekingalpha.com, which released: “Continental Building Products (CBPX) Q1 2017 Results – Earnings Call Transcript” on May 04, 2017. Seekingalpha.com‘s article titled: “Continental Building Products (CBPX) Q2 2017 Results – Earnings Call Transcript” and published on August 04, 2017 is yet another important article.

Continental Building Products Inc (NYSE:CBPX) Ratings Coverage

Among 9 analysts covering Continental Building Products (NYSE:CBPX), 4 have Buy rating, 0 Sell and 5 Hold. Therefore 44% are positive. Continental Building Products had 23 analyst reports since August 23, 2015 according to SRatingsIntel. The rating was maintained by Credit Suisse with “Outperform” on Tuesday, February 23. On Tuesday, October 17 the stock rating was maintained by RBC Capital Markets with “Buy”. The firm earned “Hold” rating on Monday, October 12 by BB&T Capital. RBC Capital Markets maintained Continental Building Products Inc (NYSE:CBPX) rating on Wednesday, May 11. RBC Capital Markets has “Outperform” rating and $25 target. Deutsche Bank maintained it with “Hold” rating and $22 target in Sunday, August 23 report. Barclays Capital maintained it with “Overweight” rating and $24 target in Thursday, June 2 report. Barclays Capital initiated Continental Building Products Inc (NYSE:CBPX) rating on Friday, January 6. Barclays Capital has “Equal Weight” rating and $25 target. On Tuesday, November 22 the stock rating was initiated by Seaport Global Securities with “Neutral”. The firm earned “Hold” rating on Monday, May 16 by Deutsche Bank. The stock of Continental Building Products Inc (NYSE:CBPX) earned “Buy” rating by SunTrust on Monday, October 2.

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