Hussman Strategic Advisors Lowers stake in Universal Forest Products (UFPI)

Universal Forest Products (UFPI) : Hussman Strategic Advisors reduced its stake in Universal Forest Products by 16.67% during the most recent quarter end. The investment management company now holds a total of 125,000 shares of Universal Forest Products which is valued at $13,572,500 after selling 25,000 shares in Universal Forest Products , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Universal Forest Products makes up approximately 2.00% of Hussman Strategic Advisors’s portfolio.

Other Hedge Funds, Including , Tradewinds Capital Management added UFPI to its portfolio by purchasing 35 company shares during the most recent quarter which is valued at $3,784.Gemmer Asset Management reduced its stake in UFPI by selling 71 shares or 45.51% in the most recent quarter. The Hedge Fund company now holds 85 shares of UFPI which is valued at $8,932.Bnp Paribas Arbitrage Sa boosted its stake in UFPI in the latest quarter, The investment management firm added 3,420 additional shares and now holds a total of 6,833 shares of Universal Forest Products which is valued at $675,374.

Universal Forest Products closed down -1.05 points or -0.97% at $107.53 with 1,46,633 shares getting traded on Thursday. Post opening the session at $108.97, the shares hit an intraday low of $106.6201 and an intraday high of $109.39 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Universal Forest Products reported $1.64 EPS for the quarter, beating the analyst consensus estimate by $ 0.16 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $1.48. The company had revenue of $872.09 million for the quarter, compared to analysts expectations of $903.33 million. The company’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.28 EPS.

Universal Forest Products Inc. is a holding company. The Company capital management and administrative resources to subsidiaries that supply wood wood composite and other products to three primary markets: retail housing and construction and industrial. The Company’s retail market comprises building materials sold primarily to national home center retailers retail-oriented regional lumber yards and contractor-oriented lumber yards. Its housing and construction market comprises three submarkets manufactured housing customers residential construction customers and commercial construction customers. Its industrial market is defined as industrial manufacturers and other customers for packaging material handling and other applications. The Company’s segments include Eastern Western Site-Built Consumer Products Distribution and Pinelli Universal.

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