Beacon Roofing Supply INC (BECN) Shareholder Lomas Capital Management LLC Increased Its Stake

November 10, 2018 - By Jimmy Cauthen

Beacon Roofing Supply, Inc. (NASDAQ:BECN) Corporate LogoBig Money Sentiment increased to 1.34 in Q2 2018. It has change of 0.48, from 2018Q1’s 0.86. The ratio increased due to BECN positioning: 40 sold and 54 reduced. 37 funds took positions and 89 increased positions. Investors holded 63.59 million in 2018Q1 but now own 71.31 million shares or 12.13% more. Ubs Asset Management Americas Inc holds 0% or 202,199 shs in its capital. Fortaleza Asset Mgmt holds 0.95% of its capital in Beacon Roofing Supply, Inc. (NASDAQ:BECN) for 2,755 shs. Ameritas Invest Ptnrs Incorporated owns 5,665 shs for 0.01% of their capital. Proshare Advsr Ltd Company holds 0% or 9,430 shs. Manufacturers Life The has 0% invested in Beacon Roofing Supply, Inc. (NASDAQ:BECN) for 50,210 shs. Ameriprise reported 0.01% in Beacon Roofing Supply, Inc. (NASDAQ:BECN). 11,283 are owned by Raymond James Financial Advsrs. Panagora Asset Incorporated reported 0% in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Lord Abbett & Comm Ltd Llc holds 0.06% of its capital in Beacon Roofing Supply, Inc. (NASDAQ:BECN) for 452,427 shs. The California-based Franklin Resources has invested 0.02% in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Strs Ohio has 0.01% invested in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Wolverine Asset Mngmt Ltd invested in 0.01% or 25,000 shs. Deutsche Natl Bank Ag holds 0% of its capital in Beacon Roofing Supply, Inc. (NASDAQ:BECN) for 113,064 shs. 1.33 million are owned by Eminence Cap Limited Partnership. Balyasny Asset Limited holds 476,355 shs.

BECN registered $824,608 net activity with 3 buys and 0 sales since May 18, 2018. 11,820 Beacon Roofing Supply, Inc. (NASDAQ:BECN) shs with value of $501,831 were bought by FROST RICHARD W. Shares for $99,912 were bought by NOWICKI JOSEPH M.

Lomas Capital Management Llc’s stake in Beacon Roofing Supply Inc (BECN) is upped by 32.24% based on its latest 2018Q2 regulatory filing with the SEC. 106,464 shares were bought by Lomas Capital Management Llc as the company’s stock declined 3.91% while stock markets rallied. At the end of 2018Q2, the 436,736 shares of the consumer services company held by the hedge fund were priced at $18.62M, up from 330,272 at the end of the previous reported quarter. $1.86 billion is the market cap of Beacon Roofing Supply Inc. The stock decreased 2.78% or $0.78 during the last trading session, reaching $27.23.Beacon Roofing Supply, Inc. is downtrending after having declined 14.85% since November 10, 2017. BECN has 1.38 million volume or 12.49% up from normal. The stock underperformed the S&P 500 by 30.47%.

For a total of 168,445 shares it reduced its holding in Take (NASDAQ:TTWO) by 213,404 shares in the quarter, and has cut its stake in Facebook Inc (NASDAQ:FB).

Beacon Roofing Supply, Inc. (NASDAQ:BECN) Ratings Coverage

A total of 13 analysts rate Beacon Roofing Supply (NASDAQ:BECN) as follows: 5 “Buy”, 7 “Hold” and 1 “Sell”. ΠΆherefore 38% are bullish. (NASDAQ:BECN) has 14 ratings reports on 10 Nov 2018 according to StockzIntelligence. On Tuesday, June 19 the firm has “Buy” rating given by Citigroup. On Wednesday, August 8 Wells Fargo downgraded Beacon Roofing Supply, Inc. (NASDAQ:BECN) to “Underperform” rating. On Thursday, June 28 the stock of Beacon Roofing Supply, Inc. (NASDAQ:BECN) earned “Sector Perform” rating by RBC Capital Markets. On Friday, August 10 the rating was maintained by JP Morgan with “Neutral”. On Monday, May 14 the firm earned “Hold” rating by Northcoast. On Monday, October 8 the stock has “Market Perform” rating by William Blair. On Thursday, October 25 the firm has “Strong Buy” rating by Raymond James given. In Wednesday, August 8 report Wedbush maintained the stock with “Outperform” rating. On Friday, July 20 the rating was upgraded by Stephens to “Overweight”. On Wednesday, August 8 the rating was downgraded by Citigroup to “Neutral”.

Beacon Roofing Supply, Inc. (NASDAQ:BECN) Institutional Investors Chart

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