The stock of United States Lime & Minerals Inc (NASDAQ:USLM) hit a new 52-week high and has $176.54 target or 143.00% above today’s $72.65 share price. The 7 months bullish chart indicates low risk for the $421.32 million company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $176.54 price target is reached, the company will be worth $602.49 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 17,174 shares traded hands or 256.23% up from the average. United States Lime & Minerals Inc (NASDAQ:USLM) has risen 25.62% since April 19, 2016 and is uptrending. It has outperformed by 21.76% the S&P500.
According to Zacks Investment Research, “UNITED STATES LIME & MINERALS is engaged in the production and sale of limestone and lime products. It extracts high-quality limestone from its quarries and then processes the lmestone for sale as aggregate, pulverized limestone, quicklime and hydrated lime.”
Insitutional Activity: The institutional sentiment decreased to 1.37 in 2016 Q2. Its down 0.16, from 1.53 in 2016Q1. The ratio worsened, as 4 funds sold all United States Lime & Minerals Inc shares owned while 15 reduced positions. 10 funds bought stakes while 19 increased positions. They now own 1.19 million shares or 2.19% less from 1.22 million shares in 2016Q1.
Strs Ohio holds 0% or 200 shares in its portfolio. California State Teachers Retirement last reported 4,173 shares in the company. Rhumbline Advisers last reported 0% of its portfolio in the stock. Wells Fargo Mn accumulated 0% or 601 shares. Blackrock Limited Liability Corp accumulated 583 shares or 0% of the stock. The Illinois-based North Star Mngmt has invested 0.26% in United States Lime & Minerals Inc (NASDAQ:USLM). Renaissance Tech Ltd Liability Corporation, a New York-based fund reported 114,734 shares. Gilder Gagnon Howe And Limited Com has 0.03% invested in the company for 27,800 shares. Bridgeway Management accumulated 5,300 shares or 0% of the stock. Blackrock Ltd has 0% invested in the company for 690 shares. Teacher Retirement Systems Of Texas holds 0% or 314 shares in its portfolio. Millennium Mgmt Ltd Co holds 0% or 4,207 shares in its portfolio. Blackrock Investment Mngmt Ltd Liability has 8,091 shares for 0% of their US portfolio. Morgan Stanley reported 21,953 shares or 0% of all its holdings. California Public Employees Retirement System last reported 4,900 shares in the company.
Insider Transactions: Since June 14, 2016, the stock had 0 insider buys, and 3 selling transactions for $666,160 net activity. $284,900 worth of United States Lime & Minerals Inc (NASDAQ:USLM) shares were sold by BYRNE TIMOTHY W. 800 shares with value of $52,800 were sold by ODISHAW EDWARD A on Thursday, November 3.
More important recent United States Lime & Minerals Inc (NASDAQ:USLM) news were published by: Nasdaq.com which released: “United States Lime & Minerals, Inc. (USLM) Ex-Dividend Date Scheduled for …” on November 21, 2016, also Fool.com published article titled: “United States Lime & Minerals Inc. Digs Up Another Solid Quarter”, Fool.com published: “Improving Construction Sales Boost United States Lime & Minerals Inc.’s Earnings” on April 28, 2016. More interesting news about United States Lime & Minerals Inc (NASDAQ:USLM) was released by: Fool.com and their article: “Strong Construction Demand Boosts United States Lime & Minerals Inc’s Earnings” with publication date: July 29, 2016.
USLM Company Profile
United States Lime & Minerals, Inc., incorporated on October 4, 1950, conducts its business through two divisions: Lime and Limestone Operations, and Natural Gas Interests. The Company, through its Lime and Limestone Operations segment, is a maker of lime and limestone products, supplying the construction (including highway, road and building contractors), environmental (including municipal sanitation and water treatment facilities, and flue gas treatment processes), industrial (including paper and glass manufacturers), metals (including steel producers), roof shingle, gas and oil services, and agriculture (including poultry and cattle feed producers) industries. The Company’s Natural Gas Interests segment consist of royalty and non-operating working interests with approximately two separate operators related to its Johnson County, Texas property, located in the Barnett Shale Formation.
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