Gmt Capital Corp buys $43,752,576 stake in USG Corporation (USG)

USG Corporation (USG) : Gmt Capital Corp scooped up 138,100 additional shares in USG Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 1,574,400 shares of USG Corporation which is valued at $43,752,576.USG Corporation makes up approximately 0.98% of Gmt Capital Corp’s portfolio.

Other Hedge Funds, Including , Assetmark Inc sold out all of its stake in USG during the most recent quarter. The investment firm sold 2 shares of USG which is valued $56. Lsv Asset Management added USG to its portfolio by purchasing 37,500 company shares during the most recent quarter which is valued at $1,054,125.California State Teachers Retirement System reduced its stake in USG by selling 5,041 shares or 2.59% in the most recent quarter. The Hedge Fund company now holds 189,636 shares of USG which is valued at $5,376,181. USG Corporation makes up approx 0.01% of California State Teachers Retirement System’s portfolio.Dudley Shanley reduced its stake in USG by selling 10,700 shares or 0.91% in the most recent quarter. The Hedge Fund company now holds 1,168,050 shares of USG which is valued at $32,892,288. USG Corporation makes up approx 7.09% of Dudley Shanley’s portfolio.Northstar Asset Management boosted its stake in USG in the latest quarter, The investment management firm added 1,100 additional shares and now holds a total of 16,350 shares of USG Corporation which is valued at $491,645. USG Corporation makes up approx 0.20% of Northstar Asset Management’s portfolio.

USG Corporation opened for trading at $27.8 and hit $28.36 on the upside on Monday, eventually ending the session at $28.27, with a gain of 1.87% or 0.52 points. The heightened volatility saw the trading volume jump to 14,00,491 shares. Company has a market cap of $4,126 M.

On the company’s financial health, USG Corporation reported $0.46 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jul 26, 2016. Analyst had a consensus of $0.47. The company had revenue of $1002.00 million for the quarter, compared to analysts expectations of $1009.37 million. The company’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS.

Many Wall Street Analysts have commented on USG Corporation. Company shares were Reiterated by Wedbush on Jul 6, 2016 to “Neutral”, Firm has raised the Price Target to $ 30 from a previous price target of $27 .

USG Corporation (USG) through its subsidiaries is a manufacturer and distributor of building materials. The Company produces a range of products for use in new residential new nonresidential and residential and nonresidential repair and remodel construction as well as products used in industrial processes. The Company operates in four segments: Gypsum Ceilings Distribution and USG Boral Building Products (UBBP). The Gypsum segment manufactures gypsum wallboard; the Ceilings segment manufactures and markets interior systems products; the Distribution segment consists of L&W Supply a distributor of gypsum wallboard and other building materials and the Company’s UBBP segment manufactures distributes and sells building products mines raw gypsum and sells natural and synthetic gypsum. The Company’s brands include DUROCK FIBEROCK LEVELROCK RED TOP IMPERIAL DIAMOND SUPREMO RADAR ECLIPSE MARS USG Boral Sheetrock and USG Boral NextGen among others.

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