Verition Fund Management LLC Boosts Position in GCP Applied Technologies Inc. (NYSE:GCP)

Verition Fund Management LLC lifted its stake in shares of GCP Applied Technologies Inc. (NYSE:GCPGet Rating) by 104.5% during the 1st quarter, Holdings Channel reports. The fund owned 29,134 shares of the construction company’s stock after buying an additional 14,886 shares during the quarter. Verition Fund Management LLC’s holdings in GCP Applied Technologies were worth $916,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Quent Capital LLC purchased a new position in shares of GCP Applied Technologies during the 4th quarter worth $80,000. PenderFund Capital Management Ltd. purchased a new position in shares of GCP Applied Technologies during the 4th quarter worth $160,000. Ameritas Investment Partners Inc. raised its holdings in shares of GCP Applied Technologies by 34.8% during the 1st quarter. Ameritas Investment Partners Inc. now owns 5,199 shares of the construction company’s stock worth $163,000 after acquiring an additional 1,341 shares during the period. GSA Capital Partners LLP purchased a new position in shares of GCP Applied Technologies during the 1st quarter worth $230,000. Finally, Inspire Investing LLC acquired a new stake in shares of GCP Applied Technologies during the 1st quarter worth about $237,000. Hedge funds and other institutional investors own 87.84% of the company’s stock.

GCP Applied Technologies Stock Up 0.5 %

Shares of NYSE:GCP opened at $31.61 on Thursday. The business has a 50-day moving average price of $31.58 and a 200 day moving average price of $31.36. The company has a current ratio of 3.93, a quick ratio of 3.22 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 225.79 and a beta of 0.75. GCP Applied Technologies Inc. has a 12-month low of $20.76 and a 12-month high of $32.28.

GCP Applied Technologies (NYSE:GCPGet Rating) last issued its quarterly earnings data on Friday, August 5th. The construction company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.03). The business had revenue of $268.40 million for the quarter. GCP Applied Technologies had a return on equity of 5.90% and a net margin of 1.10%. The company’s revenue was up 5.9% on a year-over-year basis. During the same period last year, the firm earned $0.22 earnings per share. Sell-side analysts expect that GCP Applied Technologies Inc. will post 0.55 EPS for the current year.

GCP Applied Technologies Company Profile

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GCP Applied Technologies Inc produces and sells specialty construction chemicals and specialty building materials worldwide. The company's Specialty Construction Chemicals segment offers concrete admixtures under the CONCERA, CLARENA, ADVA, CLARENA RC40, STRUX, MIRA, TYTRO, POLARSET, ECLIPSE, DARACEM, DARASET, DCI, RECOVER, WRDA, and ZYLA brands; admixtures for decorative concrete under the PIERI brand; concrete production management and control systems under the VERIFI brand; engineered concrete slab systems under the DUCTILCRETE brand; and cement additives under the OPTEVA HE, TAVERO VM, CBA, SYNCHRO, HEA2, TDA, and ESE brands.

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Institutional Ownership by Quarter for GCP Applied Technologies (NYSE:GCP)

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