Scopia Capital Management LP Has Decreased Its Jd Com (JD) Holding by $12.36 Million; Stock Declined; As Builders Firstsource (BLDR) Share Value Declined, Spitfire Capital Cut Its Stake by $1.35 Million

June 16, 2018 - By Adrian Erickson

Builders FirstSource, Inc. (NASDAQ:BLDR) Logo

Julian Allen decreased its stake in Builders Firstsource Inc (BLDR) by 8.75% based on its latest 2018Q1 regulatory filing with the SEC. Spitfire Capital Llc sold 71,200 shares as the company’s stock declined 4.97% with the market. The hedge fund run by Julian Allen held 742,294 shares of the consumer services company at the end of 2018Q1, valued at $14.73 million, down from 813,494 at the end of the previous reported quarter. Spitfire Capital Llc who had been investing in Builders Firstsource Inc for a number of months, seems to be less bullish one the $2.16B market cap company. The stock decreased 0.89% or $0.17 during the last trading session, reaching $18.88. About 1.18 million shares traded or 14.49% up from the average. Builders FirstSource, Inc. (NASDAQ:BLDR) has risen 41.13% since June 16, 2017 and is uptrending. It has outperformed by 28.56% the S&P500. Some Historical BLDR News: 09/05/2018 – BUILDERS FIRSTSOURCE 1Q ADJ EPS 24C; 09/05/2018 – Builders FirstSource 1Q EPS 20c; 09/05/2018 – BUILDERS FIRSTSOURCE INC – EXPECT TO GENERATE $170-190 MLN IN CASH FROM OPERATIONS AND INVESTING IN 2018; 16/05/2018 – S&P REVISES BUILDERS FIRSTSOURCE INC. TO RATING ‘BB-‘ FROM ‘B+’; 09/05/2018 – BUILDERS FIRSTSOURCE 1Q GROSS MARGIN +24.2%, EST. +24.2%; 21/04/2018 – DJ Builders FirstSource Inc, Inst Holders, 1Q 2018 (BLDR); 09/05/2018 – BUILDERS FIRSTSOURCE 1Q GROSS MARGIN +24.2%; 28/05/2018 – Builders FirstSource Access Event Set By Seaport for Jun. 4-5; 07/03/2018 Norges Bank Buys New 1.3% Position in Builders First; 16/05/2018 – S&PGR Raises Builders FirstSource Rtgs To ‘BB-‘; Otlk Stable

Matt Sirovich decreased its stake in Jd Com Inc (JD) by 6.18% based on its latest 2018Q1 regulatory filing with the SEC. Scopia Capital Management Lp sold 308,964 shares as the company’s stock declined 24.45% with the market. The hedge fund run by Matt Sirovich held 4.69 million shares of the consumer services company at the end of 2018Q1, valued at $189.95M, down from 5.00M at the end of the previous reported quarter. Scopia Capital Management Lp who had been investing in Jd Com Inc for a number of months, seems to be less bullish one the $62.21B market cap company. The stock decreased 0.37% or $0.16 during the last trading session, reaching $43.59. About 17.31M shares traded or 29.31% up from the average. JD.com, Inc. (NASDAQ:JD) has declined 10.12% since June 16, 2017 and is downtrending. It has underperformed by 22.69% the S&P500. Some Historical JD News: 09/05/2018 – SHANDONG DELISI FOOD 002330.SZ SAYS IT SIGNS STRATEGIC AGREEMENT WITH JD.COM TO SELL PRODUCTS ON JD’S E-COMMERCE PLATFORM; 08/05/2018 – JD.com 1Q Profit Rises Sharply; 08/05/2018 – JD.COM – ANNUAL ACTIVE CUSTOMER ACCOUNTS UP BY 27.6% TO 301.8 MLN IN 12 MONTHS ENDED MARCH 31, 2018 FROM 236.5 MLN IN 12 MONTHS ENDED MARCH 31, 2017; 08/05/2018 – EXCLUSIVE-Walmart’s grocery delivery partnerships with Uber, Lyft fail to take off; 14/05/2018 – VIPSHOP HOLDINGS LTD – LOOKING AHEAD, WILL CONTINUE TO WORK CLOSELY WITH TENCENT AND JD.COM IN ORDER TO IMPROVE TRAFFIC FLOW AND CONVERSION RATES; 16/04/2018 – JD.com takes $85 mln stake in Allianz China unit; 22/05/2018 – Zuckerberg Media, JD.com and Glossier to Speak at NRF’s Shop.org 2018 Conference; 19/04/2018 – Alibaba to invest $320 mln in Thailand, as rivals boost presence; 16/03/2018 – JD.com’s finance unit aims to raise $1.9 bln in fresh funding; 16/04/2018 – ALLIANZ CHINA GENERAL INSURANCE SAYS JD.COM’S UNIT TO INVEST 536.6 MLN YUAN FOR 33.33 PCT STAKE IN THE COMPANY

Spitfire Capital Llc, which manages about $260.00 million and $212.36 million US Long portfolio, upped its stake in Horizon Global Corp by 190,569 shares to 1.29 million shares, valued at $10.62M in 2018Q1, according to the filing.

Investors sentiment increased to 1.03 in Q1 2018. Its up 0.03, from 1 in 2017Q4. It increased, as 23 investors sold BLDR shares while 84 reduced holdings. 44 funds opened positions while 66 raised stakes. 95.73 million shares or 5.84% less from 101.67 million shares in 2017Q4 were reported. 17,028 were reported by Element Management Ltd. Royal Commercial Bank Of Canada owns 10,965 shares or 0% of their US portfolio. Cwh Capital Management has invested 2.23% of its portfolio in Builders FirstSource, Inc. (NASDAQ:BLDR). 27,561 were reported by Paloma Prtn Co. Kennedy Cap Mgmt Inc accumulated 0.47% or 1.21M shares. State Street Corp owns 2.15 million shares for 0% of their portfolio. Alliancebernstein LP stated it has 0.01% in Builders FirstSource, Inc. (NASDAQ:BLDR). Hong Kong-based Point72 Asia (Hong Kong) Limited has invested 0% in Builders FirstSource, Inc. (NASDAQ:BLDR). Engineers Gate Manager Ltd Partnership owns 99,217 shares for 0.13% of their portfolio. Robertson Opportunity Cap Ltd Llc reported 1.92% of its portfolio in Builders FirstSource, Inc. (NASDAQ:BLDR). Secor Capital Advisors Ltd Partnership owns 96,846 shares or 0.16% of their US portfolio. D E Shaw & holds 175,952 shares or 0% of its portfolio. Arrowstreet Cap Limited Partnership invested in 692,906 shares. Art Advsrs Ltd Company holds 206,920 shares. Prudential Public Limited Co accumulated 255,000 shares.

Analysts await Builders FirstSource, Inc. (NASDAQ:BLDR) to report earnings on August, 2. They expect $0.56 earnings per share, up 51.35% or $0.19 from last year’s $0.37 per share. BLDR’s profit will be $64.19 million for 8.43 P/E if the $0.56 EPS becomes a reality. After $0.24 actual earnings per share reported by Builders FirstSource, Inc. for the previous quarter, Wall Street now forecasts 133.33% EPS growth.

Among 11 analysts covering Builders Firstsource (NASDAQ:BLDR), 9 have Buy rating, 0 Sell and 2 Hold. Therefore 82% are positive. Builders Firstsource had 28 analyst reports since August 3, 2015 according to SRatingsIntel. As per Thursday, September 7, the company rating was maintained by Wedbush. SunTrust maintained it with “Buy” rating and $25.0 target in Friday, March 2 report. The rating was maintained by FBR Capital with “Buy” on Friday, November 10. The stock of Builders FirstSource, Inc. (NASDAQ:BLDR) has “Neutral” rating given on Thursday, October 8 by Credit Suisse. Stifel Nicolaus maintained Builders FirstSource, Inc. (NASDAQ:BLDR) on Thursday, March 1 with “Buy” rating. Wedbush initiated Builders FirstSource, Inc. (NASDAQ:BLDR) on Wednesday, September 7 with “Outperform” rating. The stock of Builders FirstSource, Inc. (NASDAQ:BLDR) earned “Neutral” rating by Citigroup on Thursday, September 10. As per Sunday, January 21, the company rating was maintained by Stifel Nicolaus. The stock has “Buy” rating by FBR Capital on Thursday, March 1. The firm earned “Buy” rating on Thursday, August 3 by Stifel Nicolaus.

Since March 1, 2018, it had 0 insider purchases, and 7 selling transactions for $10.48 million activity. 100,000 shares were sold by SHERMAN FLOYD F, worth $2.12M. Jackson Peter M. sold $256,680 worth of stock. MILGRIM BRETT N sold $683,580 worth of Builders FirstSource, Inc. (NASDAQ:BLDR) on Thursday, May 31. 50,000 shares were sold by Tolly Morris E, worth $1.06M on Thursday, March 1. Another trade for 194,043 shares valued at $4.20 million was sold by MCALEENAN DONALD F.

Among 22 analysts covering JD.com (NASDAQ:JD), 16 have Buy rating, 0 Sell and 6 Hold. Therefore 73% are positive. JD.com had 52 analyst reports since August 4, 2015 according to SRatingsIntel. The stock has “Buy” rating by Nomura on Tuesday, November 14. On Monday, May 7 the stock rating was maintained by Benchmark with “Buy”. On Thursday, January 25 the stock rating was maintained by KeyBanc Capital Markets with “Buy”. The firm has “Equal-Weight” rating given on Tuesday, November 14 by Morgan Stanley. The rating was initiated by Goldman Sachs with “Buy” on Friday, November 6. The stock of JD.com, Inc. (NASDAQ:JD) earned “Buy” rating by Nomura on Thursday, August 11. The rating was initiated by TH Capital on Tuesday, August 4 with “Buy”. The rating was upgraded by M Partners on Wednesday, August 23 to “Buy”. The rating was maintained by Jefferies with “Buy” on Monday, July 17. M Partners initiated it with “Buy” rating and $38.0 target in Tuesday, December 15 report.

Analysts await JD.com, Inc. (NASDAQ:JD) to report earnings on August, 13. They expect $-0.02 earnings per share, down 200.00% or $0.04 from last year’s $0.02 per share. After $0.17 actual earnings per share reported by JD.com, Inc. for the previous quarter, Wall Street now forecasts -111.76% negative EPS growth.

Scopia Capital Management Lp, which manages about $7.11B and $5.00 billion US Long portfolio, upped its stake in Itron Inc (NASDAQ:ITRI) by 8,370 shares to 5.22 million shares, valued at $373.64 million in 2018Q1, according to the filing. It also increased its holding in Forest City Rlty Tr Inc by 121,729 shares in the quarter, for a total of 22.09 million shares, and has risen its stake in Johnson Ctls Intl Plc.

Builders FirstSource, Inc. (NASDAQ:BLDR) Institutional Positions Chart

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