Ironbridge Capital Management LP Cut Eagle Materials (EXP) Stake; Perficient (PRFT) Shorts Lowered By 2.95%

July 17, 2017 - By Richard Conner

Ironbridge Capital Management Lp decreased Eagle Materials Inc (EXP) stake by 30.41% reported in 2016Q4 SEC filing. Ironbridge Capital Management Lp sold 24,610 shares as Eagle Materials Inc (EXP)’s stock declined 5.37%. The Ironbridge Capital Management Lp holds 56,325 shares with $5.55M value, down from 80,935 last quarter. Eagle Materials Inc now has $4.60B valuation. The stock rose 1.19% or $1.11 reaching $94.37. About 126,743 shares traded. Eagle Materials, Inc. (NYSE:EXP) has risen 36.20% since July 17, 2016 and is uptrending. It has outperformed by 19.50% the S&P500.

Perficient Incorporated (NASDAQ:PRFT) had a decrease of 2.95% in short interest. PRFT’s SI was 479,500 shares in July as released by FINRA. Its down 2.95% from 494,100 shares previously. With 113,300 avg volume, 4 days are for Perficient Incorporated (NASDAQ:PRFT)’s short sellers to cover PRFT’s short positions. The SI to Perficient Incorporated’s float is 1.41%. About 28,870 shares traded. Perficient, Inc. (NASDAQ:PRFT) has declined 18.67% since July 17, 2016 and is downtrending. It has underperformed by 35.37% the S&P500.

Among 8 analysts covering Eagle Materials (NYSE:EXP), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. Eagle Materials had 19 analyst reports since August 5, 2015 according to SRatingsIntel. As per Monday, April 18, the company rating was maintained by Citigroup. The firm has “Neutral” rating given on Monday, December 5 by Citigroup. The stock of Eagle Materials, Inc. (NYSE:EXP) earned “Buy” rating by BB&T Capital on Monday, March 28. The firm has “Hold” rating by Standpoint Research given on Wednesday, November 9. The firm earned “Strong Buy” rating on Monday, December 14 by CL King. The rating was initiated by Standpoint Research on Monday, March 28 with “Accumulate”. The stock of Eagle Materials, Inc. (NYSE:EXP) has “Neutral” rating given on Friday, November 20 by Goldman Sachs. On Friday, October 9 the stock rating was downgraded by Longbow to “Neutral”. Stifel Nicolaus maintained the shares of EXP in report on Thursday, July 13 with “Buy” rating. The stock has “Hold” rating by Standpoint Research on Friday, July 22.

Ironbridge Capital Management Lp increased Brookfield Asset Management (NYSE:BAM) stake by 87,780 shares to 1.43M valued at $47.27 million in 2016Q4. It also upped Lilly (Eli) & Co (NYSE:LLY) stake by 59,920 shares and now owns 499,030 shares. Celgene Corp (NASDAQ:CELG) was raised too.

Since January 27, 2017, it had 0 buys, and 6 selling transactions for $7.77 million activity. On Monday, January 30 ESSL GERALD J sold $525,000 worth of Eagle Materials, Inc. (NYSE:EXP) or 5,000 shares. Another trade for 6,740 shares valued at $714,170 was sold by Metcalf Keith W. Graass James H had sold 10,000 shares worth $1.01M on Friday, May 19. $2.09M worth of Eagle Materials, Inc. (NYSE:EXP) was sold by BARNETT F WILLIAM. 22,000 shares were sold by Powers David B, worth $2.34M.

Investors sentiment increased to 1.47 in Q4 2016. Its up 0.36, from 1.11 in 2016Q3. It improved, as 28 investors sold EXP shares while 81 reduced holdings. 74 funds opened positions while 86 raised stakes. 43.96 million shares or 0.38% more from 43.79 million shares in 2016Q3 were reported. Ancora Advsr Ltd Llc reported 250 shares. 1St Inc reported 0.04% stake. Mesirow Fincl Invest Management accumulated 229,740 shares. Gotham Asset Mngmt Ltd Limited Liability Company has invested 0.34% in Eagle Materials, Inc. (NYSE:EXP). Wellington Mgmt Grp Limited Liability Partnership reported 0% stake. 103,674 were accumulated by Nuveen Asset Mgmt Limited Liability Co. Stevens Capital Mngmt Lp invested in 0.04% or 8,897 shares. Teachers Retirement Of The State Of Kentucky owns 10,800 shares or 0.01% of their US portfolio. Fund Mngmt Sa owns 3,079 shares. Barclays Public Ltd Company stated it has 0% of its portfolio in Eagle Materials, Inc. (NYSE:EXP). Neuberger Berman Gp Limited Liability Company has 2.19 million shares for 0.29% of their portfolio. Blackrock Invest Limited Liability Corp has invested 0.02% in Eagle Materials, Inc. (NYSE:EXP). Glenmede Tru Na has invested 0% of its portfolio in Eagle Materials, Inc. (NYSE:EXP). Da Davidson And stated it has 0% of its portfolio in Eagle Materials, Inc. (NYSE:EXP). Northern Trust Corp reported 399,033 shares.

Analysts await Eagle Materials, Inc. (NYSE:EXP) to report earnings on July, 27 before the open. They expect $1.17 EPS, up 25.81% or $0.24 from last year’s $0.93 per share. EXP’s profit will be $57.03M for 20.16 P/E if the $1.17 EPS becomes a reality. After $0.88 actual EPS reported by Eagle Materials, Inc. for the previous quarter, Wall Street now forecasts 32.95% EPS growth.

Since March 2, 2017, it had 0 insider buys, and 2 insider sales for $1.37 million activity. On Thursday, March 2 MARTIN PAUL E sold $359,000 worth of Perficient, Inc. (NASDAQ:PRFT) or 20,000 shares. On Tuesday, March 14 DAVIS JEFFREY S sold $1.01 million worth of Perficient, Inc. (NASDAQ:PRFT) or 56,257 shares.

Perficient, Inc. is an information technology and management consulting firm. The company has market cap of $649.28 million. The Company’s solutions include business intelligence and analytics, commerce, content management, custom applications, platform implementations, portals and collaboration, business integration and application program interfaces, management consulting, business process management, and customer relationship management, among others. It has a 36.34 P/E ratio.

Investors sentiment decreased to 1.07 in Q4 2016. Its down 0.22, from 1.29 in 2016Q3. It worsened, as 18 investors sold Perficient, Inc. shares while 42 reduced holdings. 19 funds opened positions while 45 raised stakes. 27.85 million shares or 1.04% less from 28.14 million shares in 2016Q3 were reported. Blackrock Group Limited invested in 66,348 shares or 0% of the stock. Los Angeles Management & Equity Research invested in 0% or 12,865 shares. New York-based Mutual Of America Capital Management Limited Liability Co has invested 0.02% in Perficient, Inc. (NASDAQ:PRFT). Quebec – Canada-based Public Sector Pension Investment Board has invested 0% in Perficient, Inc. (NASDAQ:PRFT). Citigroup Inc invested in 74,232 shares or 0% of the stock. Loomis Sayles And L P owns 195,063 shares or 0.01% of their US portfolio. Assetmark has 3 shares for 0% of their portfolio. Kcg Holdg invested in 0.01% or 24,685 shares. 60,000 are owned by Employees Retirement Systems Of Texas. Blackrock Institutional Trust Na invested 0% in Perficient, Inc. (NASDAQ:PRFT). Tower Rech Capital Limited Liability Corporation (Trc) invested in 1,113 shares. Martingale Asset Limited Partnership, a Massachusetts-based fund reported 107,218 shares. Barclays Plc holds 1,171 shares or 0% of its portfolio. Mason Street Ltd Llc invested in 7,879 shares or 0% of the stock. Citadel Advisors Llc has invested 0% in Perficient, Inc. (NASDAQ:PRFT).

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