Water Island Capital LLC Decreases Position in USG Co. (USG)

Water Island Capital LLC lowered its position in shares of USG Co. (NYSE:USG) by 38.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 548,917 shares of the construction company’s stock after selling 340,435 shares during the quarter. USG accounts for approximately 1.7% of Water Island Capital LLC’s investment portfolio, making the stock its 21st largest position. Water Island Capital LLC’s holdings in USG were worth $23,417,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in USG. Marshall Wace LLP boosted its position in shares of USG by 1.1% in the 3rd quarter. Marshall Wace LLP now owns 105,323 shares of the construction company’s stock valued at $4,562,000 after purchasing an additional 1,122 shares during the period. Raymond James & Associates boosted its position in shares of USG by 8.4% in the 2nd quarter. Raymond James & Associates now owns 16,614 shares of the construction company’s stock valued at $716,000 after purchasing an additional 1,291 shares during the period. Xact Kapitalforvaltning AB boosted its position in shares of USG by 12.5% in the 4th quarter. Xact Kapitalforvaltning AB now owns 14,446 shares of the construction company’s stock valued at $616,000 after purchasing an additional 1,600 shares during the period. Ancora Advisors LLC acquired a new position in shares of USG in the 3rd quarter valued at $130,000. Finally, Rhumbline Advisers boosted its position in shares of USG by 4.2% in the 4th quarter. Rhumbline Advisers now owns 85,740 shares of the construction company’s stock valued at $3,658,000 after purchasing an additional 3,427 shares during the period. 79.54% of the stock is owned by institutional investors and hedge funds.

In other USG news, insider Brian J. Cook sold 52,063 shares of the firm’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $43.04, for a total transaction of $2,240,791.52. Following the completion of the sale, the insider now directly owns 66,629 shares in the company, valued at approximately $2,867,712.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Matthew F. Hilzinger sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, November 27th. The stock was sold at an average price of $43.01, for a total value of $1,075,250.00. The disclosure for this sale can be found here. Company insiders own 0.66% of the company’s stock.

Separately, Zacks Investment Research lowered USG from a “hold” rating to a “sell” rating in a research report on Tuesday, October 30th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. USG presently has a consensus rating of “Hold” and an average target price of $43.00.

Shares of NYSE:USG traded up $0.07 during midday trading on Tuesday, reaching $43.16. The company had a trading volume of 15,032 shares, compared to its average volume of 1,239,344. The company has a quick ratio of 1.52, a current ratio of 2.10 and a debt-to-equity ratio of 0.58. USG Co. has a 1-year low of $32.37 and a 1-year high of $43.50. The firm has a market capitalization of $6.02 billion, a price-to-earnings ratio of 23.96, a price-to-earnings-growth ratio of 0.90 and a beta of 0.75.

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USG Company Profile

USG Corporation, through its subsidiaries, manufactures and sells building materials worldwide. The company's Gypsum division manufactures and markets gypsum and related products to construct walls, ceilings, roofs, and floors of residential, commercial, and institutional buildings, as well as for various industrial applications.

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Institutional Ownership by Quarter for USG (NYSE:USG)

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