Park West Asset Management Decreased Beacon Roofing Supply (BECN) Position as Share Price Rose; First Rep Bk San Francisco Cal Com (FRC) Shareholder Aureus Asset Management Trimmed Position as Share Value Declined

August 26, 2017 - By Vivian Park

Aureus Asset Management Llc decreased its stake in First Rep Bk San Francisco Cal Com (FRC) by 8.01% based on its latest 2016Q4 regulatory filing with the SEC. Aureus Asset Management Llc sold 16,629 shares as the company’s stock declined 5.64% while stock markets rallied. The institutional investor held 191,030 shares of the company at the end of 2016Q4, valued at $17.60 million, down from 207,659 at the end of the previous reported quarter. Aureus Asset Management Llc who had been investing in First Rep Bk San Francisco Cal Com for a number of months, seems to be less bullish one the $15.53B market cap company. The stock increased 0.64% or $0.62 on August 25, reaching $98.15. About 510,951 shares traded. First Republic Bank (NYSE:FRC) has risen 29.07% since August 26, 2016 and is uptrending. It has outperformed by 12.37% the S&P500.

Peter S. Park decreased its stake in Beacon Roofing Supply Inc (BECN) by 72.5% based on its latest 2016Q4 regulatory filing with the SEC. Park West Asset Management Llc sold 145,000 shares as the company’s stock rose 6.61% with the market. The hedge fund run by Peter S. Park held 55,000 shares of the consumer services company at the end of 2016Q4, valued at $2.53M, down from 200,000 at the end of the previous reported quarter. Park West Asset Management Llc who had been investing in Beacon Roofing Supply Inc for a number of months, seems to be less bullish one the $3.10B market cap company. The stock increased 8.64% or $3.76 on August 25, reaching $47.3. About 2.34 million shares traded or 360.93% up from the average. Beacon Roofing Supply, Inc. (NASDAQ:BECN) has risen 17.34% since August 26, 2016 and is uptrending. It has outperformed by 0.64% the S&P500.

Investors sentiment decreased to 0.83 in 2016 Q4. Its down 0.10, from 0.93 in 2016Q3. It is negative, as 28 investors sold BECN shares while 84 reduced holdings. 32 funds opened positions while 61 raised stakes. 59.86 million shares or 1.70% less from 60.89 million shares in 2016Q3 were reported. Kcg Holdings Inc holds 0.01% or 6,428 shares in its portfolio. Airain Limited accumulated 24,621 shares. Metropolitan Life Insur accumulated 41,658 shares. Joel Isaacson And Ltd Company owns 215 shares. Ameritas Investment Prtnrs reported 5,165 shares. Parametric Assoc Ltd accumulated 101,071 shares. Peak6 Investments Limited Partnership invested in 4,784 shares. Moreover, Susquehanna Gru Llp has 0% invested in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Nicholas Investment Limited Partnership owns 95,385 shares for 0.33% of their portfolio. Citadel Limited Liability Corp holds 0.02% or 523,368 shares in its portfolio. 10,941 were accumulated by First Republic Invest Mgmt. Nomura Asset Management has invested 0.02% in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Creative Planning reported 0% in Beacon Roofing Supply, Inc. (NASDAQ:BECN). National Bank Of America Corporation De invested in 0% or 340,109 shares. Nicholas Comm Wi stated it has 0.08% of its portfolio in Beacon Roofing Supply, Inc. (NASDAQ:BECN).

Park West Asset Management Llc, which manages about $1.77B and $1.29B US Long portfolio, upped its stake in Scientific Games Corp (NASDAQ:SGMS) by 696,370 shares to 859,300 shares, valued at $12.03 million in 2016Q4, according to the filing. It also increased its holding in Scientific Games Corp (Call) (NASDAQ:SGMS) by 61,200 shares in the quarter, for a total of 224,130 shares, and has risen its stake in Blucora Inc (Call) (NASDAQ:BCOR).

More notable recent Beacon Roofing Supply, Inc. (NASDAQ:BECN) news were published by: Bizjournals.com which released: “Herndon roofing company reaches $2.6B deal to acquire building materials …” on August 24, 2017, also Nasdaq.com with their article: “What Makes Beacon Roofing (BECN) a Strong Sell?” published on August 14, 2017, Reuters.com published: “CRH sells US distribution arm to Beacon Roofing for $2.6 billion” on August 24, 2017. More interesting news about Beacon Roofing Supply, Inc. (NASDAQ:BECN) were released by: Nasdaq.com and their article: “Beacon Roofing (BECN) Q2 Earnings & Revenues Lag Estimates” published on August 07, 2017 as well as Seekingalpha.com‘s news article titled: “Beacon Roofing Supply (BECN) Q3 2017 Results - Earnings Call Transcript” with publication date: August 03, 2017.

Among 14 analysts covering Beacon Roofing Supply (NASDAQ:BECN), 11 have Buy rating, 0 Sell and 3 Hold. Therefore 79% are positive. Beacon Roofing Supply had 28 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Monday, April 11 by RBC Capital Markets. RBC Capital Markets maintained Beacon Roofing Supply, Inc. (NASDAQ:BECN) rating on Monday, August 10. RBC Capital Markets has “Sector Perform” rating and $37.0 target. The firm earned “Buy” rating on Wednesday, July 29 by CL King. The company was initiated on Wednesday, September 7 by Wedbush. The stock has “Equal-Weight” rating by Stephens on Monday, November 30. The company was upgraded on Tuesday, July 28 by Robert W. Baird. Raymond James upgraded the stock to “Outperform” rating in Tuesday, July 28 report. As per Monday, October 26, the company rating was upgraded by JP Morgan. RBC Capital Markets maintained Beacon Roofing Supply, Inc. (NASDAQ:BECN) rating on Monday, July 24. RBC Capital Markets has “Buy” rating and $5800 target. As per Thursday, January 21, the company rating was upgraded by Longbow.

Analysts await First Republic Bank (NYSE:FRC) to report earnings on October, 12. They expect $1.17 EPS, up 17.00% or $0.17 from last year’s $1 per share. FRC’s profit will be $185.13M for 20.97 P/E if the $1.17 EPS becomes a reality. After $1.06 actual EPS reported by First Republic Bank for the previous quarter, Wall Street now forecasts 10.38% EPS growth.

Aureus Asset Management Llc, which manages about $874.10 million and $510.40M US Long portfolio, upped its stake in Boston Scientific Corp Com (NYSE:BSX) by 16,704 shares to 710,720 shares, valued at $15.37M in 2016Q4, according to the filing. It also increased its holding in Blackstone Group LP Com Unit Ltd (NYSE:BX) by 50,104 shares in the quarter, for a total of 482,165 shares, and has risen its stake in Ishares Russell 2000 Etf (IWM).

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