Strs Ohio Has $540,000 Stake in Foundation Building Materials Inc (FBM)
Strs Ohio grew its stake in shares of Foundation Building Materials Inc (NYSE:FBM) by 25.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 65,100 shares of the company’s stock after purchasing an additional 13,000 shares during the quarter. Strs Ohio owned approximately 0.15% of Foundation Building Materials worth $540,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its position in Foundation Building Materials by 216.4% during the third quarter. Tower Research Capital LLC TRC now owns 9,788 shares of the company’s stock valued at $122,000 after buying an additional 6,694 shares during the period. Meeder Asset Management Inc. lifted its position in Foundation Building Materials by 3,253.6% during the third quarter. Meeder Asset Management Inc. now owns 11,570 shares of the company’s stock valued at $145,000 after buying an additional 11,225 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Foundation Building Materials during the third quarter valued at $162,000. AQR Capital Management LLC purchased a new position in Foundation Building Materials during the third quarter valued at $249,000. Finally, Macquarie Group Ltd. lifted its position in Foundation Building Materials by 34.0% during the third quarter. Macquarie Group Ltd. now owns 26,383 shares of the company’s stock valued at $329,000 after buying an additional 6,700 shares during the period. 92.00% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:FBM traded down $0.21 on Monday, hitting $8.74. 34,140 shares of the company traded hands, compared to its average volume of 49,675. The company has a debt-to-equity ratio of 2.14, a current ratio of 2.86 and a quick ratio of 2.19. Foundation Building Materials Inc has a 52 week low of $7.62 and a 52 week high of $16.32. The company has a market capitalization of $374.90 million, a PE ratio of 29.13 and a beta of 1.41.
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About Foundation Building Materials
Foundation Building Materials, Inc distributes building products in the United States and Canada. It operates through two segments, Specialty Building Products and Mechanical Insulation. The Specialty Building Products segment distributes wallboard, metal framing, suspended ceiling system, and other products.
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