Jane Street Group LLC Acquires New Position in GCP Applied Technologies Inc (GCP)

Jane Street Group LLC acquired a new stake in shares of GCP Applied Technologies Inc (NYSE:GCP) in the third quarter, HoldingsChannel reports. The fund acquired 19,187 shares of the construction company’s stock, valued at approximately $509,000.

Other hedge funds have also recently bought and sold shares of the company. Tower Research Capital LLC TRC purchased a new stake in GCP Applied Technologies during the third quarter valued at about $185,000. First Republic Investment Management Inc. purchased a new stake in GCP Applied Technologies during the second quarter valued at about $206,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in GCP Applied Technologies during the third quarter valued at about $226,000. Brown Advisory Inc. lifted its stake in GCP Applied Technologies by 33.4% during the second quarter. Brown Advisory Inc. now owns 10,395 shares of the construction company’s stock valued at $301,000 after buying an additional 2,600 shares in the last quarter. Finally, BlueMountain Capital Management LLC lifted its stake in GCP Applied Technologies by 415.8% during the second quarter. BlueMountain Capital Management LLC now owns 12,313 shares of the construction company’s stock valued at $356,000 after buying an additional 9,926 shares in the last quarter. 83.84% of the stock is owned by institutional investors.

A number of analysts have commented on the stock. Zacks Investment Research lowered shares of GCP Applied Technologies from a “hold” rating to a “sell” rating in a research note on Friday, January 4th. CL King reaffirmed a “neutral” rating on shares of GCP Applied Technologies in a research note on Thursday, December 13th. Finally, Seaport Global Securities lowered shares of GCP Applied Technologies from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. GCP Applied Technologies currently has a consensus rating of “Hold” and an average price target of $32.75.

In other GCP Applied Technologies news, major shareholder Dalbergia Investments Llc bought 164,700 shares of the company’s stock in a transaction dated Friday, October 12th. The shares were bought at an average price of $24.87 per share, for a total transaction of $4,096,089.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Gregory E. Poling sold 32,162 shares of the company’s stock in a transaction dated Monday, January 7th. The shares were sold at an average price of $25.70, for a total value of $826,563.40. Following the completion of the transaction, the chief executive officer now owns 78,504 shares in the company, valued at approximately $2,017,552.80. The disclosure for this sale can be found here. Insiders bought a total of 193,300 shares of company stock worth $4,821,965 in the last quarter. 1.10% of the stock is owned by corporate insiders.

Shares of GCP opened at $25.19 on Wednesday. The stock has a market capitalization of $1.85 billion, a PE ratio of 39.36, a price-to-earnings-growth ratio of 1.29 and a beta of 0.99. GCP Applied Technologies Inc has a fifty-two week low of $22.49 and a fifty-two week high of $34.79. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.92 and a current ratio of 2.31.

GCP Applied Technologies (NYSE:GCP) last issued its earnings results on Tuesday, November 6th. The construction company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The company had revenue of $296.30 million for the quarter, compared to the consensus estimate of $299.50 million. GCP Applied Technologies had a positive return on equity of 12.89% and a negative net margin of 8.19%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.22 EPS. On average, sell-side analysts expect that GCP Applied Technologies Inc will post 0.9 EPS for the current fiscal year.

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GCP Applied Technologies Company Profile

GCP Applied Technologies Inc produces and sells specialty construction chemicals and specialty building materials worldwide. Its Specialty Construction Chemicals segment offers concrete admixtures under the CONCERA, CLARENA, ADVA, STRUX, MIRA, TYTRO, POLARSET, ECLIPSE, DARACEM, DARASET, DCI, RECOVER, WRDA, and ZYLA brands; admixtures for decorative concrete under the PIERI brand; concrete production management system under the VERIFI and DUCTILCRETE brands; and cement additives under the OPTEVA HE, TAVERO VM, CBA, SYNCHRO, HEA2, TDA, and ESE brands.

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Institutional Ownership by Quarter for GCP Applied Technologies (NYSE:GCP)

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