Gabelli Funds Llc Increased U S G Corp Com New (NYSE:USG) Stake by $32.12 Million

August 13, 2018 - By Yee Bell

USG Corporation (NYSE:USG) LogoInvestors sentiment is 0.88 in Q1 2018. Its the same as in 2017Q4. It is the same, as 28 investors sold USG shares while 81 reduced holdings. only 40 funds opened positions while 56 raised stakes. 112.04 million shares or 0.95% less from 113.11 million shares in 2017Q4 were reported. Ubs Asset Management Americas Inc owns 83,831 shares. Harvest Management Ltd holds 1.2% or 60,000 shares in its portfolio. Freestone Ltd Llc holds 37,321 shares or 0.09% of its portfolio. Dimensional Fund Advsrs L P has 2.10 million shares for 0.04% of their portfolio. Shayne And Co Ltd Co has 204,160 shares for 5.84% of their portfolio. 1.40M are owned by Adage Capital Grp Ltd. London Communication Of Virginia accumulated 3.24M shares or 1.05% of the stock. 24,850 were reported by Mesirow Invest Mngmt. Millennium Mgmt holds 0.02% of its portfolio in USG Corporation (NYSE:USG) for 344,322 shares. Eqis Cap holds 10,395 shares or 0.02% of its portfolio. Us Bank & Trust De has 2,620 shares. Sasco Cap Incorporated Ct, Connecticut-based fund reported 1.63 million shares. Northwestern Mutual Wealth Company reported 0% stake. Bluestein R H & Company has invested 0.02% of its portfolio in USG Corporation (NYSE:USG). Moreover, Smithfield Trust Company has 0.08% invested in USG Corporation (NYSE:USG).

Since June 1, 2018, it had 0 buys, and 8 insider sales for $9.62 million activity. Scanlon Jennifer F. sold $2.29M worth of stock or 53,220 shares. $620,252 worth of USG Corporation (NYSE:USG) was sold by COOK BRIAN J on Friday, June 1. Shares for $3.86 million were sold by Dannessa Dominic A. $296,914 worth of USG Corporation (NYSE:USG) shares were sold by Salah Gregory D.. The insider HILZINGER MATTHEW F sold 34,300 shares worth $1.48 million. $367,559 worth of USG Corporation (NYSE:USG) was sold by Reale John M.

Gabelli Funds Llc increased its stake in U S G Corp Com New (NYSE:USG) by 3811.16% based on its latest 2018Q2 regulatory filing with the SEC. Gabelli Funds Llc bought 746,988 shares as the company’s stock rose 19.78% while stock markets declined. The institutional investor held 766,588 shares of the building materials company at the end of 2018Q2, valued at $33.06M, up from 19,600 at the end of the previous reported quarter. Gabelli Funds Llc who had been investing in U S G Corp Com New for a number of months, seems to be bullish on the $6.00B market cap company. The stock decreased 0.37% or $0.16 during the last trading session, reaching $43.03. About 527,944 shares traded. USG Corporation (NYSE:USG) has risen 45.47% since August 13, 2017 and is uptrending. It has outperformed by 32.90% the S&P500.

Gabelli Funds Llc, which manages about $25.90B and $16.88 billion US Long portfolio, decreased its stake in Conocophillips Com (NYSE:COP) by 279,055 shares to 492,572 shares, valued at $34.29M in 2018Q2, according to the filing.

Gabelli Funds Llc is a New York-based institutional investor with more than $25.90 billion AUM in March, 2014. Taken from Gabelli Funds latest Adv, the fund reported to have 39 full and part-time employees. Among which 18 performing investment advisory and research functions. The institutional investor had between 26-100 clients.

USG Corporation (NYSE:USG) Ratings Coverage

Among 9 analysts covering USG Corp (NYSE:USG), 0 have Buy rating, 0 Sell and 9 Hold. Therefore 0 are positive. USG Corp had 14 analyst reports since March 8, 2018 according to SRatingsIntel. The firm earned “Hold” rating on Monday, April 16 by SunTrust. Buckingham Research maintained USG Corporation (NYSE:USG) on Monday, April 16 with “Neutral” rating. The stock of USG Corporation (NYSE:USG) earned “Neutral” rating by Citigroup on Monday, July 23. The firm has “Neutral” rating by Credit Suisse given on Friday, April 27. The firm has “Hold” rating given on Tuesday, April 10 by Jefferies. Robert W. Baird downgraded the stock to “Hold” rating in Tuesday, June 12 report. Jefferies maintained the shares of USG in report on Monday, April 23 with “Hold” rating. Barclays Capital downgraded USG Corporation (NYSE:USG) on Tuesday, June 12 to “Equal-Weight” rating. The stock of USG Corporation (NYSE:USG) has “Neutral” rating given on Tuesday, March 27 by Nomura. Buckingham Research maintained it with “Neutral” rating and $42 target in Wednesday, June 13 report.

USG Corporation, through its subsidiaries, makes and sells building materials worldwide. The company has market cap of $6.00 billion. The companyÂ’s Gypsum segment makes and markets gypsum and related products to construct walls, ceilings, roofs, and floors of residential, commercial, and institutional buildings, as well as for various industrial applications. It has a 68.19 P/E ratio. This segment offers gypsum panels, as well as joint compounds, corner beads, joint tapes, and plasters for wallboard joints finishing under the Sheetrock brand; cement board under the Durock brand; backerboard that includes abuse-resistant interior wall panels, tile backer boards, and flooring underlayments under the Fiberock brand; poured gypsum flooring systems under the Levelrock brand; roof boards under the Securock brand; and air-water barrier system and industrial gypsum under the ExoAir 430 brand.

More recent USG Corporation (NYSE:USG) news were published by: Businesswire.com which released: “USG Corporation Announces Date for Special Meeting of Stockholders to Vote on the Merger Agreement with Knauf …” on August 09, 2018. Also Nasdaq.com published the news titled: “Factors of Influence in 2018, Key Indicators and Opportunity within Minerals Technologies, USG, Continental …” on July 27, 2018. Businesswire.com‘s news article titled: “USG Corporation Reports Second Quarter 2018 Results” with publication date: July 25, 2018 was also an interesting one.

USG Corporation (NYSE:USG) Institutional Positions Chart

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