USG Co. (USG) Stake Lowered by Kassirer Asset Management Corp

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Kassirer Asset Management Corp reduced its stake in USG Co. (NYSE:USG) by 60.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 50,000 shares of the construction company’s stock after selling 77,824 shares during the quarter. USG accounts for 2.0% of Kassirer Asset Management Corp’s investment portfolio, making the stock its 16th largest position. Kassirer Asset Management Corp’s holdings in USG were worth $2,133,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of USG. Raymond James & Associates lifted its holdings in shares of USG by 8.4% in the 2nd quarter. Raymond James & Associates now owns 16,614 shares of the construction company’s stock worth $716,000 after acquiring an additional 1,291 shares during the last quarter. California Public Employees Retirement System lifted its holdings in shares of USG by 10.8% in the 2nd quarter. California Public Employees Retirement System now owns 226,430 shares of the construction company’s stock worth $9,764,000 after acquiring an additional 22,153 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of USG by 10.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 35,230 shares of the construction company’s stock worth $1,519,000 after acquiring an additional 3,279 shares during the last quarter. FMR LLC acquired a new position in shares of USG in the 2nd quarter worth approximately $120,374,000. Finally, First Hawaiian Bank acquired a new position in shares of USG in the 3rd quarter worth approximately $601,000. Hedge funds and other institutional investors own 79.28% of the company’s stock.

Separately, Zacks Investment Research lowered shares of USG from a “hold” rating to a “sell” rating in a report on Tuesday, October 30th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the stock. USG has an average rating of “Hold” and an average target price of $42.22.

In other USG news, EVP Matthew F. Hilzinger sold 25,000 shares of the stock in a transaction that occurred on Tuesday, November 27th. The shares were sold at an average price of $43.01, for a total transaction of $1,075,250.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Brian J. Cook sold 52,063 shares of the stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $43.04, for a total transaction of $2,240,791.52. Following the sale, the insider now owns 66,629 shares in the company, valued at $2,867,712.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 109,715 shares of company stock worth $4,704,405. 0.66% of the stock is owned by company insiders.

USG stock traded down $0.01 during mid-day trading on Thursday, reaching $43.15. 23,140 shares of the company’s stock were exchanged, compared to its average volume of 1,401,374. The firm has a market cap of $6.03 billion, a PE ratio of 23.98, a price-to-earnings-growth ratio of 0.90 and a beta of 0.75. USG Co. has a twelve month low of $32.09 and a twelve month high of $43.50. The company has a quick ratio of 1.52, a current ratio of 2.10 and a debt-to-equity ratio of 0.58.

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About USG

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, ceilings, roofs, and floors of residential, commercial, and institutional buildings, as well as for various industrial applications.

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Institutional Ownership by Quarter for USG (NYSE:USG)

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