Hawk Ridge Capital Management Lp buys $5,910,608 stake in Continental Building Products Inc (CBPX)

Continental Building Products Inc (CBPX) : Hawk Ridge Capital Management Lp scooped up 6,664 additional shares in Continental Building Products Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 270,261 shares of Continental Building Products Inc which is valued at $5,910,608.Continental Building Products Inc makes up approximately 3.32% of Hawk Ridge Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Millennium Management reduced its stake in CBPX by selling 151,841 shares or 13.6% in the most recent quarter. The Hedge Fund company now holds 964,280 shares of CBPX which is valued at $21,088,804. Continental Building Products Inc makes up approx 0.05% of Millennium Management’s portfolio.Citadel Advisors reduced its stake in CBPX by selling 78,537 shares or 61.74% in the most recent quarter. The Hedge Fund company now holds 48,671 shares of CBPX which is valued at $1,064,435.Brant Point Investment Management boosted its stake in CBPX in the latest quarter, The investment management firm added 1,300 additional shares and now holds a total of 73,570 shares of Continental Building Products Inc which is valued at $1,608,976. Continental Building Products Inc makes up approx 0.29% of Brant Point Investment Management’s portfolio.Mufg Americas Holdings Corp boosted its stake in CBPX in the latest quarter, The investment management firm added 489 additional shares and now holds a total of 834 shares of Continental Building Products Inc which is valued at $18,381.Rmb Capital Management boosted its stake in CBPX in the latest quarter, The investment management firm added 42,765 additional shares and now holds a total of 205,420 shares of Continental Building Products Inc which is valued at $4,882,833. Continental Building Products Inc makes up approx 0.34% of Rmb Capital Management’s portfolio.

Continental Building Products Inc closed down -0.13 points or -0.59% at $22.08 with 2,63,079 shares getting traded on Thursday. Post opening the session at $22.13, the shares hit an intraday low of $21.78 and an intraday high of $22.3 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Continental Building Products Inc reported $0.31 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.28. The company had revenue of $117.10 million for the quarter, compared to analysts expectations of $112.98 million. The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS.

Many Wall Street Analysts have commented on Continental Building Products Inc. Company shares were Reiterated by Barclays on Jun 2, 2016 to “Overweight”, Firm has raised the Price Target to $ 24 from a previous price target of $22 .

Continental Building Products Inc. is a manufacturer of gypsum wallboard and complementary finishing products. The Company’s manufacturing facilities and sales efforts are concentrated in the eastern United States and eastern Canada. Gypsum wallboard is a primary building material used in new residential and commercial construction and in repair and remodel (R&R). The Company offers its customers a range of gypsum wallboard products including LiftLite a lightweight wallboard for use on interior walls; Mold Defense line of products designed for enhanced protection against mold and mildew and Weather Defense line of moisture and mold-resistant exterior sheathing. The Company’s wallboard product offerings include LiftLite Firecheck Mold Defense and Rapid Coat. The Company operates its automated manufacturing facilities in Silver Grove (Kentucky) Palatka (Florida) and Buchanan (New York).

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