What’s Next for Builders Firstsource Incorporated (NASDAQ:BLDR) After Having More Shares Shorted?

September 17, 2017 - By Clifton Ray

 What's Next for Builders Firstsource Incorporated (NASDAQ:BLDR) After Having More Shares Shorted?

Investors sentiment increased to 1.33 in Q4 2016. Its up 0.36, from 0.97 in 2016Q3. It increased, as 28 investors sold Builders FirstSource, Inc. shares while 44 reduced holdings. 39 funds opened positions while 57 raised stakes. 85.21 million shares or 6.07% less from 90.71 million shares in 2016Q3 were reported.
Nationwide Fund Advsr holds 0% or 52,278 shares. 296,739 were accumulated by Vnbtrust Association. Massachusetts-based Adage Prtnrs Grp Incorporated Ltd Liability Com has invested 0.08% in Builders FirstSource, Inc. (NASDAQ:BLDR). Benjamin F Edwards & Communication Incorporated invested in 4,870 shares. Invesco Limited holds 0% in Builders FirstSource, Inc. (NASDAQ:BLDR) or 138,928 shares. Westfield Capital Lp reported 3.36M shares. King Luther Cap Management holds 0.01% or 115,360 shares in its portfolio. Illinois-based Ubs Asset Mgmt Americas has invested 0% in Builders FirstSource, Inc. (NASDAQ:BLDR). Lorber David A invested in 9,291 shares or 1.73% of the stock. California State Teachers Retirement Systems accumulated 0% or 172,957 shares. Fincl Bank Of America De holds 0% of its portfolio in Builders FirstSource, Inc. (NASDAQ:BLDR) for 386,261 shares. Florida-based Raymond James And Associates has invested 0% in Builders FirstSource, Inc. (NASDAQ:BLDR). The New York-based Cipher Cap L P has invested 0.08% in Builders FirstSource, Inc. (NASDAQ:BLDR). Zelman Ltd Company stated it has 18.36% of its portfolio in Builders FirstSource, Inc. (NASDAQ:BLDR). Colorado-based Icon Advisers has invested 0.07% in Builders FirstSource, Inc. (NASDAQ:BLDR).

Since June 9, 2017, it had 0 insider buys, and 1 sale for $521,850 activity.

The stock of Builders Firstsource Incorporated (NASDAQ:BLDR) registered an increase of 2.7% in short interest. BLDR’s total short interest was 8.91M shares in September as published by FINRA. Its up 2.7% from 8.67M shares, reported previously. With 904,300 shares average volume, it will take short sellers 10 days to cover their BLDR’s short positions. The short interest to Builders Firstsource Incorporated’s float is 10.85%.

The stock decreased 0.55% or $0.09 on September 15, reaching $16.22. About 1.16M shares traded. Builders FirstSource, Inc. (NASDAQ:BLDR) has risen 24.30% since September 17, 2016 and is uptrending. It has outperformed by 7.60% the S&P500.

Builders FirstSource, Inc. is a supplier and maker of building materials, manufactured components and construction services to professional contractors, sub-contractors, remodelers and consumers. The company has market cap of $1.83 billion. The Company’s operating divisions include Northeast, Southeast, South and West. It has a 10.7 P/E ratio. As of December 31, 2016, it operated at 400 locations in 40 states across the United States.

Builders FirstSource, Inc. (NASDAQ:BLDR) Ratings Coverage

Among 7 analysts covering Builders Firstsource (NASDAQ:BLDR), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. Builders Firstsource had 16 analyst reports since August 3, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Wednesday, September 7 by Wedbush. The firm has “Buy” rating given on Thursday, August 3 by Stifel Nicolaus. Seaport Global Securities initiated the stock with “Buy” rating in Tuesday, November 22 report. Deutsche Bank maintained the stock with “Buy” rating in Monday, March 7 report. Deutsche Bank reinitiated Builders FirstSource, Inc. (NASDAQ:BLDR) rating on Tuesday, September 8. Deutsche Bank has “Buy” rating and $20.0 target. The firm has “Equal Weight” rating given on Friday, January 6 by Barclays Capital. The company was initiated on Thursday, October 8 by Credit Suisse. The firm has “Neutral” rating given on Thursday, September 10 by Citigroup. The stock has “Buy” rating by Zacks on Monday, August 10. The firm earned “Buy” rating on Wednesday, August 9 by Deutsche Bank.

Another recent and important Builders FirstSource, Inc. (NASDAQ:BLDR) news was published by Globenewswire.com which published an article titled: “Builders FirstSource, Inc. Announces Secondary Offering” on September 06, 2017.

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