Alyeska Investment Group L.P. Has $19.17 Million Holdings in Foundation Building Materials, Inc. (FBM)

Alyeska Investment Group L.P. grew its holdings in shares of Foundation Building Materials, Inc. (NYSE:FBM) by 47.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,356,013 shares of the company’s stock after purchasing an additional 433,700 shares during the period. Alyeska Investment Group L.P. owned about 3.16% of Foundation Building Materials worth $19,174,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in FBM. Elk Creek Partners LLC boosted its position in shares of Foundation Building Materials by 7.3% during the 3rd quarter. Elk Creek Partners LLC now owns 576,205 shares of the company’s stock worth $8,148,000 after acquiring an additional 39,403 shares in the last quarter. Citadel Advisors LLC boosted its position in shares of Foundation Building Materials by 28.0% during the 3rd quarter. Citadel Advisors LLC now owns 578,666 shares of the company’s stock worth $8,182,000 after acquiring an additional 126,474 shares in the last quarter. Paradigm Capital Management Inc. NY acquired a new stake in shares of Foundation Building Materials during the 3rd quarter worth approximately $5,178,000. Sei Investments Co. boosted its position in shares of Foundation Building Materials by 13.0% during the 3rd quarter. Sei Investments Co. now owns 61,587 shares of the company’s stock worth $871,000 after acquiring an additional 7,066 shares in the last quarter. Finally, Prudential Financial Inc. boosted its position in shares of Foundation Building Materials by 437.0% during the 3rd quarter. Prudential Financial Inc. now owns 117,710 shares of the company’s stock worth $1,665,000 after acquiring an additional 95,790 shares in the last quarter. Hedge funds and other institutional investors own 94.97% of the company’s stock.

Shares of Foundation Building Materials, Inc. (NYSE FBM) opened at $15.00 on Monday. Foundation Building Materials, Inc. has a 52-week low of $11.03 and a 52-week high of $17.91. The company has a debt-to-equity ratio of 2.02, a current ratio of 2.63 and a quick ratio of 1.82.

Foundation Building Materials (NYSE:FBM) last issued its earnings results on Tuesday, November 7th. The company reported $0.08 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.08. Foundation Building Materials had a negative net margin of 0.11% and a negative return on equity of 2.98%. The firm had revenue of $535.40 million for the quarter, compared to analyst estimates of $535.81 million. The company’s quarterly revenue was up 28.8% compared to the same quarter last year. sell-side analysts expect that Foundation Building Materials, Inc. will post 0.22 EPS for the current year.

Several research firms recently issued reports on FBM. Royal Bank Of Canada reiterated a “buy” rating and set a $15.00 price target on shares of Foundation Building Materials in a research report on Wednesday, September 6th. Zacks Investment Research upgraded shares of Foundation Building Materials from a “sell” rating to a “hold” rating in a research report on Tuesday, September 19th. Finally, Robert W. Baird reiterated a “hold” rating and set a $15.00 price target on shares of Foundation Building Materials in a research report on Monday, October 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $18.43.

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Foundation Building Materials Company Profile

Foundation Building Materials, Inc is a specialty distributor of wallboard and suspended ceiling systems in the United States and Canada. The Company’s segments include Specialty Building Products and Mechanical Insulation. The Company fabricates and distributes its products for specialty contractors seeking to improve or maintain energy efficiency in a range of commercial and industrial buildings.

Institutional Ownership by Quarter for Foundation Building Materials (NYSE:FBM)

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