Starr International Co. Inc. purchased a new stake in shares of USG Co. (NYSE:USG) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 93,804 shares of the construction company’s stock, valued at approximately $4,062,000. USG accounts for 1.6% of Starr International Co. Inc.’s investment portfolio, making the stock its 22nd largest holding. Starr International Co. Inc. owned about 0.07% of USG at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of USG. Janus Henderson Group PLC bought a new position in shares of USG in the 1st quarter valued at about $2,833,000. BNP Paribas Arbitrage SA lifted its holdings in shares of USG by 185.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 243,147 shares of the construction company’s stock valued at $10,528,000 after acquiring an additional 158,040 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of USG by 338.8% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 75,031 shares of the construction company’s stock valued at $3,249,000 after acquiring an additional 57,933 shares during the last quarter. Strs Ohio lifted its holdings in shares of USG by 16.8% in the 1st quarter. Strs Ohio now owns 9,082 shares of the construction company’s stock valued at $393,000 after acquiring an additional 1,303 shares during the last quarter. Finally, Eqis Capital Management Inc. lifted its holdings in shares of USG by 14.6% in the 1st quarter. Eqis Capital Management Inc. now owns 9,107 shares of the construction company’s stock valued at $394,000 after acquiring an additional 1,160 shares during the last quarter. Hedge funds and other institutional investors own 80.74% of the company’s stock.
NYSE USG remained flat at $$4.80 during trading on Friday. 2,000 shares of the company’s stock traded hands, compared to its average volume of 1,767,024. The company has a current ratio of 2.31, a quick ratio of 1.62 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $672.48 million, a P/E ratio of 3.18 and a beta of 0.67. USG Co. has a twelve month low of $39.73 and a twelve month high of $43.50.
Separately, ValuEngine downgraded shares of USG from a “buy” rating to a “hold” rating in a report on Monday, April 1st. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $44.00.
In other USG news, VP Jeanette A. Press sold 3,500 shares of the firm’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $43.25, for a total value of $151,375.00. Following the completion of the sale, the vice president now owns 27,769 shares of the company’s stock, valued at $1,201,009.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.66% of the stock is owned by company insiders.
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USG Corporation, through its subsidiaries, manufactures and sells building materials worldwide. The company's Gypsum division manufactures and markets gypsum and related products to construct walls and ceilings of residential, nonresidential, and institutional buildings; and agricultural and industrial customers.
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