Indexiq Advisors Holds Position in Beacon Roofing Supply (BECN); As Versartis (VSAR) Stock Declined, Holder Sabby Management Upped Its Holding

April 24, 2018 - By Dolores Ford

Beacon Roofing Supply, Inc. (NASDAQ:BECN) Logo

Hal Mintz increased its stake in Versartis Inc (VSAR) by 40.41% based on its latest 2017Q4 regulatory filing with the SEC. Sabby Management Llc bought 285,800 shares as the company’s stock declined 21.95% with the market. The hedge fund run by Hal Mintz held 993,100 shares of the health care company at the end of 2017Q4, valued at $2.19 million, up from 707,300 at the end of the previous reported quarter. Sabby Management Llc who had been investing in Versartis Inc for a number of months, seems to be bullish on the $56.81 million market cap company. The stock increased 1.61% or $0.025 during the last trading session, reaching $1.575. About 309,613 shares traded. Versartis, Inc. (NASDAQ:VSAR) has declined 92.45% since April 24, 2017 and is downtrending. It has underperformed by 104.00% the S&P500.

Indexiq Advisors Llc increased its stake in Beacon Roofing Supply Inc (BECN) by 62.57% based on its latest 2017Q4 regulatory filing with the SEC. Indexiq Advisors Llc bought 11,030 shares as the company’s stock declined 13.60% with the market. The institutional investor held 28,659 shares of the consumer services company at the end of 2017Q4, valued at $1.83 million, up from 17,629 at the end of the previous reported quarter. Indexiq Advisors Llc who had been investing in Beacon Roofing Supply Inc for a number of months, seems to be bullish on the $3.42 billion market cap company. The stock increased 0.06% or $0.03 during the last trading session, reaching $50.22. About 304,677 shares traded. Beacon Roofing Supply, Inc. (NASDAQ:BECN) has risen 10.99% since April 24, 2017 and is uptrending. It has underperformed by 0.56% the S&P500.

Among 18 analysts covering Beacon Roofing Supply (NASDAQ:BECN), 15 have Buy rating, 0 Sell and 3 Hold. Therefore 83% are positive. Beacon Roofing Supply had 47 analyst reports since July 28, 2015 according to SRatingsIntel. Jefferies maintained it with “Hold” rating and $5200 target in Wednesday, July 19 report. The firm has “Buy” rating given on Thursday, October 12 by KeyBanc Capital Markets. The stock of Beacon Roofing Supply, Inc. (NASDAQ:BECN) earned “Buy” rating by RBC Capital Markets on Monday, July 24. The stock of Beacon Roofing Supply, Inc. (NASDAQ:BECN) earned “Buy” rating by RBC Capital Markets on Monday, June 19. Jefferies initiated the stock with “Hold” rating in Wednesday, July 6 report. JP Morgan upgraded the shares of BECN in report on Monday, October 26 to “Overweight” rating. RBC Capital Markets maintained the shares of BECN in report on Friday, August 25 with “Buy” rating. The firm earned “Outperform” rating on Tuesday, February 13 by Wedbush. Jefferies upgraded Beacon Roofing Supply, Inc. (NASDAQ:BECN) on Friday, August 25 to “Buy” rating. The firm has “Outperform” rating given on Tuesday, January 19 by William Blair.

Indexiq Advisors Llc, which manages about $1.21 billion and $2.72B US Long portfolio, decreased its stake in Currencyshs Brit Pound Ster (FXB) by 4,944 shares to 67 shares, valued at $9,000 in 2017Q4, according to the filing. It also reduced its holding in Cf Inds Hldgs Inc (NYSE:CF) by 18,581 shares in the quarter, leaving it with 9,040 shares, and cut its stake in Vaneck Vectors Etf Tr.

Investors sentiment decreased to 1.38 in 2017 Q4. Its down 0.53, from 1.91 in 2017Q3. It fall, as 22 investors sold BECN shares while 77 reduced holdings. 63 funds opened positions while 74 raised stakes. 64.82 million shares or 2.48% less from 66.46 million shares in 2017Q3 were reported. Segall Bryant And Hamill Limited Liability has invested 0.02% in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Fincl Architects stated it has 0% in Beacon Roofing Supply, Inc. (NASDAQ:BECN). 5.63M were accumulated by Vanguard Inc. Diker Mgmt Ltd Limited Liability Company holds 45,000 shares or 1.03% of its portfolio. Riverbridge Prns Ltd Liability holds 1.33M shares. Zeke Advsr Limited Liability Company has 0.03% invested in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Qs Investors Ltd Liability holds 0% or 42 shares in its portfolio. Walleye Trading Lc has 856 shares for 0% of their portfolio. Fdx Advisors Inc reported 16,767 shares. Meeder Asset Mngmt Inc holds 1,060 shares or 0.01% of its portfolio. Rmb Limited Co accumulated 15,099 shares. Hsbc Hldgs Plc has 0% invested in Beacon Roofing Supply, Inc. (NASDAQ:BECN) for 31,613 shares. Ftb Advisors stated it has 177 shares or 0% of all its holdings. Parallax Volatility Advisers Limited Partnership invested 0% of its portfolio in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Ahl Ptnrs Ltd Liability Partnership owns 31,256 shares for 0.03% of their portfolio.

Sabby Management Llc, which manages about $835.79M and $1.08B US Long portfolio, decreased its stake in Axovant Sciences Ltd by 527,095 shares to 115,462 shares, valued at $608,000 in 2017Q4, according to the filing. It also reduced its holding in Bristol Myers Squibb Co (NYSE:BMY) by 51,148 shares in the quarter, leaving it with 931,807 shares, and cut its stake in Prothena Corporation Plc (Call).

Since March 23, 2018, it had 0 insider buys, and 1 insider sale for $7,604 activity.

Versartis, Inc. (NASDAQ:VSAR) Institutional Positions Chart

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