Guardian Point Capital Lp buys $11,208,750 stake in Continental Building Products Inc (CBPX)

Continental Building Products Inc (CBPX) : Guardian Point Capital Lp scooped up 7,505 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 Nov 14, 2016. The investment management firm now holds a total of 525,000 shares of Continental Building Products Inc which is valued at $11,208,750.Continental Building Products Inc makes up approximately 7.92% of Guardian Point Capital Lp’s portfolio.

Other Hedge Funds, Including , Bluecrest Capital Management Ltd added CBPX to its portfolio by purchasing 22,513 company shares during the most recent quarter which is valued at $480,653. Continental Building Products Inc makes up approx 0.02% of Bluecrest Capital Management Ltd’s portfolio.Blackrock Group Ltd boosted its stake in CBPX in the latest quarter, The investment management firm added 576 additional shares and now holds a total of 67,624 shares of Continental Building Products Inc which is valued at $1,376,148.American Century Companies Inc boosted its stake in CBPX in the latest quarter, The investment management firm added 7,921 additional shares and now holds a total of 731,341 shares of Continental Building Products Inc which is valued at $14,590,253. Continental Building Products Inc makes up approx 0.02% of American Century Companies Inc’s portfolio.

Continental Building Products Inc (CBPX) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $22.3 and reached the intraday high at $22.4. The bulls started the profit booking and pushed the shares to intraday low of $22.175. The trading session was marked by a volume range of 1,85,975 shares exchanging hands. The 52-week high of the shares is $24.78 and the 52-week low is $13.25. The market cap of the company stands at $890 M and there are 3,99,92,339 shares in public circulation.

On the company’s financial health, Continental Building Products Inc reported $0.25 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Nov 7, 2016. Analyst had a consensus of $0.29. The company had revenue of $114.56 million for the quarter, compared to analysts expectations of $109.33 million. The company’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS.

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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