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

August 13, 2018 - By Vernon Prom

USG Corporation (NYSE:USG) LogoInvestors sentiment is 0.88 in 2018 Q1. 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. Mark Sheptoff Planning Ltd Limited Liability Company has 13,575 shares. Daiwa Securities Group Incorporated Inc accumulated 49,200 shares. Citadel Advsrs Lc stated it has 1.50M shares. Ruggie Cap accumulated 1,000 shares. Roundview Ltd Liability Com, New Jersey-based fund reported 84,876 shares. Goldman Sachs Grp Inc Inc stated it has 0% in USG Corporation (NYSE:USG). Panagora Asset stated it has 2,300 shares or 0% of all its holdings. Jane Street Grp Lc holds 0.01% of its portfolio in USG Corporation (NYSE:USG) for 54,668 shares. Walleye Trading Ltd owns 0.04% invested in USG Corporation (NYSE:USG) for 168,944 shares. Envestnet Asset Mngmt reported 0% in USG Corporation (NYSE:USG). State Of Wisconsin Invest Board reported 116,085 shares stake. Northwestern Mutual Wealth Mngmt invested in 0% or 449 shares. Moreover, Conning Inc has 0.04% invested in USG Corporation (NYSE:USG) for 40,100 shares. Prudential Incorporated accumulated 5,347 shares or 0% of the stock. Moreover, Caprock Grp Inc has 0.05% invested in USG Corporation (NYSE:USG).

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

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 $33.06 million, 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 $25.90B and $16.88B 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. Citigroup maintained USG Corporation (NYSE:USG) on Monday, July 23 with “Neutral” rating. The firm earned “Hold” rating on Tuesday, June 12 by Raymond James. The stock has “Hold” rating by Robert W. Baird on Tuesday, June 12. The company was maintained on Monday, April 16 by SunTrust. On Tuesday, March 27 the stock rating was maintained by Nomura with “Neutral”. On Friday, April 27 the stock rating was upgraded by Credit Suisse to “Neutral”. The firm has “Equal-Weight” rating by Barclays Capital given on Tuesday, June 12. Buckingham Research maintained USG Corporation (NYSE:USG) on Monday, April 16 with “Neutral” rating. The rating was maintained by Buckingham Research on Wednesday, June 13 with “Neutral”. The stock of USG Corporation (NYSE:USG) earned “Buy” rating by Robert W. Baird on Thursday, March 8.

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 Businesswire.com published the news titled: “USG Corporation Reports Second Quarter 2018 Results” on July 25, 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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