Narwhal Capital Management Has Lowered Its Vulcan Matls Co (VMC) Position by $10.42 Million; Stock Declined; Xerium Technologies (XRM) Shareholder Archer Capital Management LP Increased Its Position

April 22, 2018 - By Clifton Ray

Vulcan Materials Company (NYSE:VMC) Logo

Eric Edidin increased its stake in Xerium Technologies Inc (XRM) by 3293.04% based on its latest 2017Q4 regulatory filing with the SEC. Archer Capital Management Lp bought 708,992 shares as the company’s stock rose 43.81% while stock markets declined. The hedge fund run by Eric Edidin held 730,522 shares of the basic industries company at the end of 2017Q4, valued at $3.11M, up from 21,530 at the end of the previous reported quarter. Archer Capital Management Lp who had been investing in Xerium Technologies Inc for a number of months, seems to be bullish on the $112.77M market cap company. The stock decreased 1.85% or $0.13 during the last trading session, reaching $6.89. About 20,590 shares traded. Xerium Technologies, Inc. (NYSE:XRM) has risen 25.73% since April 22, 2017 and is uptrending. It has outperformed by 14.18% the S&P500.

Narwhal Capital Management decreased its stake in Vulcan Matls Co (VMC) by 23.47% based on its latest 2017Q4 regulatory filing with the SEC. Narwhal Capital Management sold 81,370 shares as the company’s stock declined 7.65% with the market. The hedge fund held 265,311 shares of the mining & quarrying of nonmetallic minerals (no fuels) company at the end of 2017Q4, valued at $34.06 million, down from 346,681 at the end of the previous reported quarter. Narwhal Capital Management who had been investing in Vulcan Matls Co for a number of months, seems to be less bullish one the $15.06 billion market cap company. The stock decreased 1.37% or $1.58 during the last trading session, reaching $113.75. About 1.11M shares traded. Vulcan Materials Company (NYSE:VMC) has risen 1.98% since April 22, 2017 and is uptrending. It has underperformed by 9.57% the S&P500.

Archer Capital Management Lp, which manages about $1.86 billion and $259.28M US Long portfolio, decreased its stake in Verso Corp by 532,252 shares to 238,220 shares, valued at $4.19 million in 2017Q4, according to the filing. It also reduced its holding in Loral Space & Communicatns I (NASDAQ:LORL) by 106,165 shares in the quarter, leaving it with 217,539 shares, and cut its stake in Axon Enterprise Inc.

Investors sentiment increased to 1.45 in 2017 Q4. Its up 0.24, from 1.21 in 2017Q3. It is positive, as 6 investors sold XRM shares while 14 reduced holdings. 11 funds opened positions while 18 raised stakes. 10.34 million shares or 2.39% more from 10.10 million shares in 2017Q3 were reported. Deutsche National Bank Ag holds 14,335 shares or 0% of its portfolio. Robotti Robert invested 0.25% in Xerium Technologies, Inc. (NYSE:XRM). Vanguard Group Inc holds 0% or 423,021 shares in its portfolio. Spark Management Ltd Liability Co reported 0.01% in Xerium Technologies, Inc. (NYSE:XRM). Susquehanna Int Grp Ltd Liability Partnership holds 75,610 shares or 0% of its portfolio. Federated Investors Inc Pa invested 0% in Xerium Technologies, Inc. (NYSE:XRM). Blackrock Incorporated owns 144,002 shares for 0% of their portfolio. Barclays Plc holds 85 shares. Gsa Cap Prtnrs Ltd Liability Partnership reported 21,692 shares. Kennedy Cap Mngmt has 96,782 shares for 0.01% of their portfolio. The North Carolina-based Fincl Bank Of America De has invested 0% in Xerium Technologies, Inc. (NYSE:XRM). Buckhead Capital Management Lc reported 149,450 shares stake. Moreover, Redwood Capital Limited Liability Company has 0.05% invested in Xerium Technologies, Inc. (NYSE:XRM) for 132,423 shares. The New Jersey-based Jacobs Levy Equity Management has invested 0% in Xerium Technologies, Inc. (NYSE:XRM). Parallax Volatility Advisers LP holds 74,392 shares or 0% of its portfolio.

Investors sentiment increased to 1.25 in 2017 Q4. Its up 0.19, from 1.06 in 2017Q3. It is positive, as 35 investors sold VMC shares while 152 reduced holdings. 65 funds opened positions while 168 raised stakes. 118.61 million shares or 2.84% more from 115.33 million shares in 2017Q3 were reported. Tudor Invest Et Al invested 0.02% in Vulcan Materials Company (NYSE:VMC). Victory Cap Mngmt Incorporated invested in 0.12% or 449,509 shares. Citigroup holds 58,511 shares or 0.01% of its portfolio. California Pub Employees Retirement Systems has 0.05% invested in Vulcan Materials Company (NYSE:VMC). Next Century Growth Invsts Limited Liability Corp holds 0.31% or 19,282 shares in its portfolio. J Goldman And LP holds 0.51% in Vulcan Materials Company (NYSE:VMC) or 73,737 shares. San Francisco Sentry Inv (Ca) owns 99,731 shares for 3.75% of their portfolio. Swiss Savings Bank reported 486,942 shares. Bank & Trust Of Nova Scotia invested 0.01% in Vulcan Materials Company (NYSE:VMC). Verition Fund Management Lc has invested 0.04% of its portfolio in Vulcan Materials Company (NYSE:VMC). The Massachusetts-based Contravisory Mgmt has invested 0.11% in Vulcan Materials Company (NYSE:VMC). Tide Point Lp has 275,117 shares for 2.41% of their portfolio. 2,056 were accumulated by Confluence Invest Mngmt Lc. Carlson Cap Lp has invested 0.34% of its portfolio in Vulcan Materials Company (NYSE:VMC). Highbridge Cap Mgmt Ltd Liability Co reported 90,800 shares stake.

Analysts await Vulcan Materials Company (NYSE:VMC) to report earnings on May, 9. They expect $0.26 EPS, down 23.53% or $0.08 from last year’s $0.34 per share. VMC’s profit will be $34.41M for 109.38 P/E if the $0.26 EPS becomes a reality. After $0.74 actual EPS reported by Vulcan Materials Company for the previous quarter, Wall Street now forecasts -64.86% negative EPS growth.

Among 14 analysts covering Vulcan Materials Company (NYSE:VMC), 10 have Buy rating, 0 Sell and 4 Hold. Therefore 71% are positive. Vulcan Materials Company had 41 analyst reports since August 6, 2015 according to SRatingsIntel. Argus Research maintained Vulcan Materials Company (NYSE:VMC) rating on Thursday, November 19. Argus Research has “Buy” rating and $118 target. The stock has “Buy” rating by Citigroup on Wednesday, March 29. The firm has “Hold” rating by Jefferies given on Friday, February 16. The stock of Vulcan Materials Company (NYSE:VMC) has “Hold” rating given on Wednesday, January 17 by Jefferies. On Monday, May 16 the stock rating was maintained by Stifel Nicolaus with “Buy”. Jefferies maintained the stock with “Hold” rating in Thursday, November 2 report. Jefferies initiated the stock with “Hold” rating in Wednesday, October 11 report. The rating was maintained by Stephens on Friday, April 13 with “Buy”. As per Tuesday, February 27, the company rating was maintained by Citigroup. RBC Capital Markets maintained the shares of VMC in report on Monday, June 19 with “Buy” rating.

Xerium Technologies, Inc. (NYSE:XRM) Institutional Positions Chart

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