Susquehanna International Group LLP Increases Stake in Continental Building Products, Inc. (CBPX)

Susquehanna International Group LLP lifted its holdings in shares of Continental Building Products, Inc. (NYSE:CBPX) by 75.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 76,079 shares of the construction company’s stock after acquiring an additional 32,744 shares during the period. Susquehanna International Group LLP owned 0.20% of Continental Building Products worth $1,773,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CBPX. Bessemer Group Inc. purchased a new position in Continental Building Products in the 2nd quarter valued at $100,000. BNP Paribas Arbitrage SA grew its position in Continental Building Products by 128.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,645 shares of the construction company’s stock valued at $132,000 after buying an additional 3,179 shares during the last quarter. First Mercantile Trust Co. grew its position in Continental Building Products by 1.8% in the 2nd quarter. First Mercantile Trust Co. now owns 6,230 shares of the construction company’s stock valued at $145,000 after buying an additional 110 shares during the last quarter. SG Americas Securities LLC grew its position in Continental Building Products by 26.7% in the 1st quarter. SG Americas Securities LLC now owns 8,340 shares of the construction company’s stock valued at $204,000 after buying an additional 1,759 shares during the last quarter. Finally, Legal & General Group Plc grew its position in Continental Building Products by 9.5% in the 2nd quarter. Legal & General Group Plc now owns 9,279 shares of the construction company’s stock valued at $216,000 after buying an additional 802 shares during the last quarter.

CBPX has been the topic of a number of analyst reports. Royal Bank Of Canada reiterated a “buy” rating and issued a $28.00 price objective on shares of Continental Building Products in a research report on Monday, June 19th. Zacks Investment Research upgraded shares of Continental Building Products from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research report on Monday, July 3rd. BidaskClub upgraded shares of Continental Building Products from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Finally, SunTrust Banks, Inc. reiterated a “buy” rating and issued a $30.00 price objective on shares of Continental Building Products in a research report on Monday, October 2nd. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Continental Building Products presently has a consensus rating of “Hold” and a consensus price target of $27.25.

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Continental Building Products (NYSE:CBPX) last issued its quarterly earnings data on Thursday, August 3rd. The construction company reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.03). Continental Building Products had a return on equity of 15.45% and a net margin of 9.16%. The company had revenue of $120.60 million for the quarter, compared to the consensus estimate of $127.60 million. During the same quarter in the previous year, the company earned $0.31 earnings per share. Continental Building Products’s quarterly revenue was up 3.0% compared to the same quarter last year.

About Continental Building Products

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.

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

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