Alambic Investment Management L.P. lessened its stake in shares of Foundation Building Materials Inc (NYSE:FBM) by 70.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 18,789 shares of the company’s stock after selling 44,191 shares during the quarter. Alambic Investment Management L.P.’s holdings in Foundation Building Materials were worth $278,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Cubist Systematic Strategies LLC lifted its stake in shares of Foundation Building Materials by 9.2% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 20,223 shares of the company’s stock worth $260,000 after buying an additional 1,710 shares during the last quarter. Sei Investments Co. lifted its stake in shares of Foundation Building Materials by 13.0% during the 3rd quarter. Sei Investments Co. now owns 61,587 shares of the company’s stock worth $871,000 after buying an additional 7,066 shares during the last quarter. Teachers Advisors LLC lifted its stake in shares of Foundation Building Materials by 51.1% during the 2nd quarter. Teachers Advisors LLC now owns 22,477 shares of the company’s stock worth $289,000 after buying an additional 7,601 shares during the last quarter. Bank of Montreal Can acquired a new stake in shares of Foundation Building Materials during the 4th quarter worth about $134,000. Finally, Wells Fargo & Company MN lifted its stake in shares of Foundation Building Materials by 58.0% during the 2nd quarter. Wells Fargo & Company MN now owns 25,870 shares of the company’s stock worth $333,000 after buying an additional 9,500 shares during the last quarter. Institutional investors own 95.47% of the company’s stock.

A number of equities analysts recently commented on the stock. UBS Group raised shares of Foundation Building Materials from an “outperform” rating to a “strong-buy” rating in a research report on Thursday. Raymond James Financial raised shares of Foundation Building Materials from an “outperform” rating to a “strong-buy” rating and set a $20.00 price target on the stock in a research report on Thursday. Citigroup raised their price target on shares of Foundation Building Materials from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Royal Bank of Canada raised their price target on shares of Foundation Building Materials from $15.00 to $17.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 8th. Finally, Zacks Investment Research raised shares of Foundation Building Materials from a “sell” rating to a “hold” rating in a research report on Tuesday, January 30th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $18.43.

Foundation Building Materials Inc (NYSE:FBM) opened at $13.92 on Friday. Foundation Building Materials Inc has a 1 year low of $11.03 and a 1 year high of $17.91. The company has a market cap of $596.69 and a PE ratio of -107.08. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.82 and a current ratio of 2.63.

Foundation Building Materials (NYSE:FBM) last released its quarterly earnings results on Tuesday, November 7th. The company reported $0.08 EPS for the quarter, hitting analysts’ consensus estimates of $0.08. Foundation Building Materials had a negative net margin of 0.11% and a negative return on equity of 2.98%. The business had revenue of $535.40 million for the quarter, compared to analyst estimates of $535.81 million. Foundation Building Materials’s quarterly revenue was up 28.8% on a year-over-year basis. analysts anticipate that Foundation Building Materials Inc will post 0.16 EPS for the current year.

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About Foundation Building Materials

Foundation Building Materials, Inc is a specialty distributor of wallboard and suspended ceiling systems in the United States and Canada. The Company’s segments include Specialty Building Products and Mechanical Insulation. The Company fabricates and distributes its products for specialty contractors seeking to improve or maintain energy efficiency in a range of commercial and industrial buildings.

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Institutional Ownership by Quarter for Foundation Building Materials (NYSE:FBM)

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