USG Co. (USG) Holdings Lifted by Water Island Capital LLC

Water Island Capital LLC grew its holdings in shares of USG Co. (NYSE:USG) by 172.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,495,856 shares of the construction company’s stock after acquiring an additional 946,939 shares during the quarter. USG accounts for approximately 3.2% of Water Island Capital LLC’s holdings, making the stock its 10th biggest holding. Water Island Capital LLC’s holdings in USG were worth $64,771,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of USG by 2.6% in the fourth quarter. BlackRock Inc. now owns 3,741,544 shares of the construction company’s stock worth $159,616,000 after purchasing an additional 93,079 shares during the last quarter. Millennium Management LLC boosted its holdings in USG by 572.4% in the fourth quarter. Millennium Management LLC now owns 2,177,696 shares of the construction company’s stock valued at $92,901,000 after acquiring an additional 1,853,846 shares in the last quarter. PSquared Asset Management AG bought a new stake in USG in the fourth quarter valued at $77,575,000. Alpine Associates Management Inc. boosted its holdings in USG by 8.8% in the fourth quarter. Alpine Associates Management Inc. now owns 1,561,700 shares of the construction company’s stock valued at $66,622,000 after acquiring an additional 125,700 shares in the last quarter. Finally, Gardner Lewis Asset Management L P boosted its holdings in USG by 23.0% in the fourth quarter. Gardner Lewis Asset Management L P now owns 1,554,812 shares of the construction company’s stock valued at $66,328,000 after acquiring an additional 291,144 shares in the last quarter. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

In other news, VP Jeanette A. Press sold 3,500 shares of the business’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of $43.25, for a total transaction of $151,375.00. Following the sale, the vice president now owns 27,769 shares in the company, valued at approximately $1,201,009.25. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.66% of the company’s stock.

Several research firms recently weighed in on USG. Zacks Investment Research cut shares of USG from a “hold” rating to a “sell” rating in a report on Tuesday, January 22nd. ValuEngine cut shares of USG from a “buy” rating to a “hold” rating in a report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $44.00.

NYSE:USG remained flat at $$43.48 during trading hours on Wednesday. The company has a market cap of $6.09 billion, a P/E ratio of 28.79 and a beta of 0.67. USG Co. has a fifty-two week low of $39.73 and a fifty-two week high of $43.50. The company has a current ratio of 2.31, a quick ratio of 1.62 and a debt-to-equity ratio of 0.56.

USG (NYSE:USG) last released its quarterly earnings results on Thursday, February 14th. The construction company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.22). The company had revenue of $819.00 million during the quarter, compared to the consensus estimate of $900.50 million. USG had a net margin of 5.88% and a return on equity of 11.65%. On average, analysts expect that USG Co. will post 1.94 EPS for the current year.

ILLEGAL ACTIVITY WARNING: “USG Co. (USG) Holdings Lifted by Water Island Capital LLC” was originally reported by Community Financial News and is the property of of Community Financial News. If you are reading this piece on another domain, it was illegally stolen and republished in violation of US and international copyright legislation. The original version of this piece can be accessed at https://www.com-unik.info/2019/05/15/usg-co-usg-holdings-lifted-by-water-island-capital-llc.html.

About USG

USG Corporation, through its subsidiaries, manufactures and sells building materials worldwide. The company's Gypsum division manufactures and markets gypsum and related products to construct walls and ceilings of residential, nonresidential, and institutional buildings; and agricultural and industrial customers.

Featured Article: Why is the price-sales ratio important?

Want to see what other hedge funds are holding USG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for USG Co. (NYSE:USG).

Institutional Ownership by Quarter for USG (NYSE:USG)

Receive News & Ratings for USG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for USG and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit