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

August 13, 2018 - By Darrel Chase

USG Corporation (NYSE:USG) LogoInvestors sentiment is 0.88 in Q1 2018. Its the same as in 2017Q4. It is without change, 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. First Republic Investment Mngmt reported 8,184 shares. Mackay Shields Limited Liability Company has 266,885 shares for 0.07% of their portfolio. Adage Capital Prtn Gru Ltd Limited Liability Company reported 0.13% stake. First Midwest Commercial Bank Division has 6,000 shares. Art Advsrs Ltd Liability Corporation reported 7,800 shares. James Invest holds 56,641 shares or 0.09% of its portfolio. Asset Mngmt Advsr Limited Liability Co, Oklahoma-based fund reported 164,638 shares. Gabelli Com Investment Advisers accumulated 6,400 shares or 0.03% of the stock. Ledyard Financial Bank owns 0% invested in USG Corporation (NYSE:USG) for 225 shares. London Of Virginia has invested 1.05% in USG Corporation (NYSE:USG). Paloma Ptnrs Mngmt Company has invested 0% in USG Corporation (NYSE:USG). Bank Of New York Mellon has invested 0% in USG Corporation (NYSE:USG). Deutsche Financial Bank Ag invested in 157,772 shares or 0% of the stock. Engineers Gate Manager Lp holds 32,380 shares. Gmt Cap owns 0.52% invested in USG Corporation (NYSE:USG) for 535,400 shares.

Since June 1, 2018, it had 0 buys, and 8 sales for $9.62 million activity. HILZINGER MATTHEW F also sold $1.48M worth of USG Corporation (NYSE:USG) on Friday, July 27. 89,720 shares valued at $3.86M were sold by Dannessa Dominic A on Friday, July 27. 8,550 USG Corporation (NYSE:USG) shares with value of $367,559 were sold by Reale John M. On Friday, July 27 Macey Christopher D sold $58,362 worth of USG Corporation (NYSE:USG) or 1,357 shares. The insider Scanlon Jennifer F. sold 53,220 shares worth $2.29M. 6,885 shares were sold by Salah Gregory D., worth $296,914.

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 $6.00 billion 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 $25.90 billion 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 $34.29 million 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 stock has “Equal-Weight” rating by Barclays Capital on Tuesday, June 12. The stock has “Hold” rating by Raymond James on Tuesday, June 12. The stock has “Hold” rating by Jefferies on Tuesday, April 10. The company was maintained on Tuesday, March 27 by Nomura. The firm earned “Neutral” rating on Wednesday, June 13 by Buckingham Research. The firm has “Buy” rating by Robert W. Baird given on Thursday, March 8. Credit Suisse upgraded USG Corporation (NYSE:USG) on Friday, April 27 to “Neutral” rating. On Monday, April 16 the stock rating was maintained by SunTrust with “Hold”. The company was maintained on Monday, April 23 by Jefferies. The rating was downgraded by Credit Suisse to “Sell” on Wednesday, April 25.

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

USG Corporation (NYSE:USG) Institutional Positions Chart

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