GCP Applied Technologies Inc (GCP) Shares Bought by OxFORD Asset Management LLP
OxFORD Asset Management LLP boosted its holdings in GCP Applied Technologies Inc (NYSE:GCP) by 19.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 47,534 shares of the construction company’s stock after buying an additional 7,872 shares during the period. OxFORD Asset Management LLP owned 0.07% of GCP Applied Technologies worth $1,450,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the business. Dimensional Fund Advisors LP boosted its stake in GCP Applied Technologies by 27.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,202,478 shares of the construction company’s stock worth $36,916,000 after buying an additional 257,531 shares during the last quarter. Moneta Group Investment Advisors LLC purchased a new position in shares of GCP Applied Technologies in the 3rd quarter worth about $494,000. Schwab Charles Investment Management Inc. raised its holdings in shares of GCP Applied Technologies by 21.2% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 402,279 shares of the construction company’s stock worth $12,350,000 after purchasing an additional 70,365 shares during the period. Wells Fargo & Company MN raised its holdings in shares of GCP Applied Technologies by 24.5% in the 3rd quarter. Wells Fargo & Company MN now owns 275,251 shares of the construction company’s stock worth $8,450,000 after purchasing an additional 54,232 shares during the period. Finally, Citadel Advisors LLC purchased a new position in shares of GCP Applied Technologies in the 3rd quarter worth about $4,054,000. 83.98% of the stock is currently owned by hedge funds and other institutional investors.
GCP has been the topic of a number of research reports. KeyCorp restated a “buy” rating and issued a $34.00 price objective on shares of GCP Applied Technologies in a report on Friday, November 3rd. Zacks Investment Research upgraded GCP Applied Technologies from a “sell” rating to a “hold” rating in a report on Friday. TheStreet upgraded GCP Applied Technologies from a “d+” rating to a “c” rating in a report on Friday, November 24th. Finally, Cowen initiated coverage on GCP Applied Technologies in a report on Monday, October 30th. They issued a “market perform” rating and a $31.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $34.33.
GCP Applied Technologies (NYSE:GCP) last released its quarterly earnings data on Thursday, November 2nd. The construction company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. The company had revenue of $282.40 million for the quarter, compared to the consensus estimate of $279.05 million. GCP Applied Technologies had a return on equity of 124.93% and a net margin of 56.84%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the business posted $0.21 EPS. equities research analysts anticipate that GCP Applied Technologies Inc will post 0.63 earnings per share for the current year.
In related news, Director Phillip J. Mason bought 3,000 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The shares were acquired at an average cost of $29.96 per share, for a total transaction of $89,880.00. Following the acquisition, the director now owns 7,428 shares in the company, valued at approximately $222,542.88. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.65% of the company’s stock.
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About GCP Applied Technologies
GCP Applied Technologies Inc produces and sells specialty construction chemicals, specialty building materials, and packaging sealants and coatings. The Company operates through two segments: Specialty Construction Chemicals and Specialty Building Materials. The Specialty Construction Chemicals segment manufactures and markets products to manage performance of Portland cement, and materials based on Portland cement, such as concrete admixtures and cement additives, as well as concrete production management systems.
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