As Universal Fst Prods INC (UFPI) Market Valuation Declined, Shareholder Covalent Partners LLC Has Lowered Position by $8.88 Million

February 15, 2018 - By Linda Rogers

Investors sentiment decreased to 1.09 in Q3 2017. Its down 0.17, from 1.26 in 2017Q2. It is negative, as 25 investors sold UFPI shares while 52 reduced holdings. 27 funds opened positions while 57 raised stakes. 16.27 million shares or 0.09% more from 16.25 million shares in 2017Q2 were reported. California Public Employees Retirement System reported 20,238 shares. Wilen Inv Management Corporation has 2,869 shares for 0.17% of their portfolio. Ny State Common Retirement Fund invested in 21,300 shares. Parametrica Mngmt Ltd has invested 0.17% of its portfolio in Universal Forest Products, Inc. (NASDAQ:UFPI). Deutsche Bancorp Ag stated it has 0.01% of its portfolio in Universal Forest Products, Inc. (NASDAQ:UFPI). Amalgamated Bank owns 2,753 shares for 0.01% of their portfolio. State Of Tennessee Treasury Department has invested 0.01% in Universal Forest Products, Inc. (NASDAQ:UFPI). Dekabank Deutsche Girozentrale, a Germany-based fund reported 1,131 shares. Envestnet Asset Mgmt Inc holds 0% in Universal Forest Products, Inc. (NASDAQ:UFPI) or 3,077 shares. Tiaa Cref Investment Management Llc invested 0.01% in Universal Forest Products, Inc. (NASDAQ:UFPI). Gemmer Asset Management Limited Com holds 0% or 85 shares in its portfolio. Federated Investors Pa has 0% invested in Universal Forest Products, Inc. (NASDAQ:UFPI) for 16,587 shares. Pdts Limited Liability has invested 0.16% in Universal Forest Products, Inc. (NASDAQ:UFPI). Fisher Asset Limited Liability Corp accumulated 220,199 shares. State Board Of Administration Of Florida Retirement reported 0% stake.

Since September 12, 2017, it had 0 insider buys, and 8 insider sales for $2.26 million activity. $743,880 worth of Universal Forest Products, Inc. (NASDAQ:UFPI) was sold by MISSAD MATTHEW J. COLEMAN ROBERT D had sold 4,100 shares worth $456,765 on Tuesday, October 31. The insider GREENE CHARLES SCOTT sold $122,065. COLE MICHAEL R sold $55,000 worth of stock or 500 shares.

Robert Hockett decreased its stake in Universal Fst Prods Inc (UFPI) by 33.65% based on its latest 2017Q3 regulatory filing with the SEC. Covalent Partners Llc sold 90,645 shares as the company’s stock declined 13.81% while stock markets rallied. The hedge fund run by Robert Hockett held 178,721 shares of the basic industries company at the end of 2017Q3, valued at $17.54M, down from 269,366 at the end of the previous reported quarter. Covalent Partners Llc who had been investing in Universal Fst Prods Inc for a number of months, seems to be less bullish one the $2.19B market cap company. It closed at $35.83 lastly. It is down 12.86% since February 15, 2017 and is uptrending. It has underperformed by 3.84% the S&P500.

Analysts await Universal Forest Products, Inc. (NASDAQ:UFPI) to report earnings on February, 28. They expect $0.43 EPS, up 26.47 % or $0.09 from last year’s $0.34 per share. UFPI’s profit will be $26.31 million for 20.83 P/E if the $0.43 EPS becomes a reality. After $0.55 actual EPS reported by Universal Forest Products, Inc. for the previous quarter, Wall Street now forecasts -21.82 % negative EPS growth.

More notable recent Universal Forest Products, Inc. (NASDAQ:UFPI) news were published by: Seekingalpha.com which released: “Universal Forest Products’ (UFPI) CEO Matt Missad on Q3 2017 Results …” on October 18, 2017, also Seekingalpha.com with their article: “Under The Hood, Universal Forest Products’ Q1 Looks Even Worse” published on May 08, 2017, Nasdaq.com published: “Universal Forest Products (UFPI) Up 15.9% Since Earnings Report: Can It Continue?” on November 17, 2017. More interesting news about Universal Forest Products, Inc. (NASDAQ:UFPI) were released by: Zacks.com and their article: “Universal Forest Sells Asset for Improved Operating Metrics” published on January 24, 2018 as well as Seekingalpha.com‘s news article titled: “Universal Forest Products: A Good Price And A Questionable First Half” with publication date: August 28, 2017.

Universal Forest Products, Inc. (NASDAQ:UFPI) Ratings Coverage

Among 2 analysts covering Universal Forest Products (NASDAQ:UFPI), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Universal Forest Products had 6 analyst reports since October 16, 2015 according to SRatingsIntel. BMO Capital Markets initiated the stock with “Hold” rating in Tuesday, October 17 report. DA Davidson upgraded the stock to “Buy” rating in Thursday, October 20 report. The rating was downgraded by DA Davidson to “Underperform” on Tuesday, December 8. The rating was upgraded by DA Davidson on Tuesday, January 12 to “Neutral”. The stock of Universal Forest Products, Inc. (NASDAQ:UFPI) earned “Neutral” rating by DA Davidson on Friday, October 16.

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