SG Americas Securities LLC Cuts Holdings in GCP Applied Technologies Inc (GCP)

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SG Americas Securities LLC decreased its position in GCP Applied Technologies Inc (NYSE:GCP) by 30.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 89,753 shares of the construction company’s stock after selling 38,666 shares during the period. SG Americas Securities LLC owned about 0.12% of GCP Applied Technologies worth $2,203,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of Montreal Can lifted its stake in GCP Applied Technologies by 15.5% in the 4th quarter. Bank of Montreal Can now owns 3,617 shares of the construction company’s stock valued at $89,000 after acquiring an additional 485 shares in the last quarter. Quantamental Technologies LLC bought a new stake in GCP Applied Technologies in the 4th quarter valued at approximately $104,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in GCP Applied Technologies by 19.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,708 shares of the construction company’s stock valued at $116,000 after acquiring an additional 773 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in GCP Applied Technologies in the 4th quarter valued at approximately $155,000. Finally, Tower Research Capital LLC TRC bought a new stake in GCP Applied Technologies in the 3rd quarter valued at approximately $185,000. Hedge funds and other institutional investors own 83.49% of the company’s stock.

In other news, CEO Gregory E. Poling sold 32,162 shares of the company’s stock in a transaction that occurred on Monday, January 7th. The stock was sold at an average price of $25.70, for a total transaction of $826,563.40. Following the sale, the chief executive officer now owns 78,504 shares in the company, valued at approximately $2,017,552.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.10% of the company’s stock.

GCP has been the topic of several research reports. Zacks Investment Research cut GCP Applied Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 17th. CL King reiterated a “neutral” rating on shares of GCP Applied Technologies in a research note on Thursday, December 13th. Finally, Seaport Global Securities cut GCP Applied Technologies from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 14th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. GCP Applied Technologies presently has a consensus rating of “Hold” and a consensus price target of $31.75.

Shares of GCP Applied Technologies stock opened at $25.04 on Tuesday. GCP Applied Technologies Inc has a 12-month low of $22.49 and a 12-month high of $33.85. The company has a market cap of $1.79 billion, a PE ratio of 39.13, a P/E/G ratio of 1.26 and a beta of 0.88. The company has a current ratio of 2.31, a quick ratio of 1.92 and a debt-to-equity ratio of 0.75.

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About GCP Applied Technologies

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

Further Reading: How Do Front-End Loads Impact an Investment?

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

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