Stelliam Investment Management LP Raised Cabot Oil & Gas (COG) Position By $131.07 Million; Beacon Roofing Supply (BECN) Shorts Decreased By 21.8%

February 19, 2018 - By David King

Beacon Roofing Supply Incorporated (NASDAQ:BECN) had a decrease of 21.8% in short interest. BECN’s SI was 2.42 million shares in February as released by FINRA. Its down 21.8% from 3.10 million shares previously. With 1.15M avg volume, 2 days are for Beacon Roofing Supply Incorporated (NASDAQ:BECN)’s short sellers to cover BECN’s short positions. The SI to Beacon Roofing Supply Incorporated’s float is 4.04%. The stock increased 0.50% or $0.27 during the last trading session, reaching $54.53. About 845,821 shares traded or 5.03% up from the average. Beacon Roofing Supply, Inc. (NASDAQ:BECN) has risen 17.34% since February 19, 2017 and is uptrending. It has outperformed by 0.64% the S&P500.

Stelliam Investment Management Lp increased Cabot Oil & Gas Corp (COG) stake by 75.25% reported in 2017Q3 SEC filing. Stelliam Investment Management Lp acquired 5.04M shares as Cabot Oil & Gas Corp (COG)’s stock rose 1.60%. The Stelliam Investment Management Lp holds 11.74 million shares with $314.05 million value, up from 6.70M last quarter. Cabot Oil & Gas Corp now has $11.05 billion valuation. The stock decreased 0.67% or $0.16 during the last trading session, reaching $23.89. About 5.41 million shares traded or 10.02% up from the average. Cabot Oil & Gas Corporation (NYSE:COG) has risen 1.25% since February 19, 2017 and is uptrending. It has underperformed by 15.45% 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. The firm earned “Outperform” rating on Tuesday, July 28 by Raymond James. As per Friday, August 25, the company rating was maintained by RBC Capital Markets. The rating was upgraded by Jefferies to “Buy” on Friday, August 25. Jefferies maintained the shares of BECN in report on Wednesday, January 17 with “Buy” rating. The company was upgraded on Monday, February 8 by Raymond James. RBC Capital Markets maintained it with “Buy” rating and $66.0 target in Friday, February 9 report. William Blair upgraded the shares of BECN in report on Tuesday, January 19 to “Outperform” rating. RBC Capital Markets maintained Beacon Roofing Supply, Inc. (NASDAQ:BECN) on Wednesday, November 25 with “Sector Perform” rating. Longbow upgraded Beacon Roofing Supply, Inc. (NASDAQ:BECN) on Thursday, January 21 to “Buy” rating. The rating was maintained by RBC Capital Markets on Monday, August 10 with “Sector Perform”.

Beacon Roofing Supply, Inc., together with its subsidiaries, distributes residential and non-residential roofing materials, and other complementary building materials to contractors, home builders, retailers, and building materials suppliers. The company has market cap of $3.71 billion. The companyÂ’s residential roofing products include asphalt shingles, synthetic slates and tiles, clay and concrete tiles, slates, nail base insulations, metal roofing, felts, synthetic underlayment, wood shingles and shakes, nails and fasteners, metal edgings and flashings, prefabricated flashings, ridges and soffit vents, and other accessories. It has a 23.31 P/E ratio. The Company’s non-residential roofing products comprise single-ply roofing, asphalt, metal, modified bitumen, and build-up roofing products; cements and coatings; flat stock and tapered insulations; commercial fasteners; metal edges and flashings; smoke/roof hatches; roofing tools; sheet metal products, including copper, aluminum, and steel; and PVC, thermoplastic olefin, and ethylene propylene diene monomer membrane products.

Investors sentiment increased to 1.91 in 2017 Q3. Its up 0.92, from 0.99 in 2017Q2. It increased, as 21 investors sold Beacon Roofing Supply, Inc. shares while 48 reduced holdings. 50 funds opened positions while 82 raised stakes. 66.46 million shares or 12.06% more from 59.31 million shares in 2017Q2 were reported. New York-based Brant Point Invest Mngmt Limited Liability Corp has invested 0.77% in Beacon Roofing Supply, Inc. (NASDAQ:BECN). 189,038 were accumulated by Point72 Asset Mgmt Limited Partnership. Hood River Capital Mngmt Lc stated it has 1.73% in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Illinois-based Blair William And Com Il has invested 0% in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 1,975 shares or 0% of all its holdings. Ubs Asset Mgmt Americas owns 218,308 shares or 0.01% of their US portfolio. The Ohio-based Victory Mgmt has invested 0.09% in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Moreover, Envestnet Asset Mngmt has 0.01% invested in Beacon Roofing Supply, Inc. (NASDAQ:BECN) for 58,943 shares. Millennium Management Ltd Liability Company holds 0.12% of its portfolio in Beacon Roofing Supply, Inc. (NASDAQ:BECN) for 1.59 million shares. Moreover, Engineers Gate Manager Ltd Partnership has 0.02% invested in Beacon Roofing Supply, Inc. (NASDAQ:BECN) for 4,774 shares. Great West Life Assurance Can owns 7,017 shares. Deutsche Financial Bank Ag holds 0.02% or 679,257 shares in its portfolio. 368,883 are held by Elk Creek Ptnrs. Cramer Rosenthal Mcglynn Limited Liability Corp holds 0.95% or 1.16M shares. Credit Suisse Ag holds 78,594 shares.

Investors sentiment decreased to 1.07 in 2017 Q3. Its down 0.02, from 1.09 in 2017Q2. It dived, as 39 investors sold COG shares while 160 reduced holdings. 60 funds opened positions while 153 raised stakes. 435.56 million shares or 1.02% less from 440.03 million shares in 2017Q2 were reported. Klingenstein Fields And Ltd Liability stated it has 0.03% in Cabot Oil & Gas Corporation (NYSE:COG). Pinebridge Limited Partnership holds 0.01% or 9,379 shares. Employees Retirement Association Of Colorado has invested 0.02% in Cabot Oil & Gas Corporation (NYSE:COG). Shufro Rose & Co Ltd Liability Co invested in 1.82% or 675,837 shares. Dupont Management owns 214,500 shares or 0.13% of their US portfolio. X Mngmt Ltd Com holds 7,480 shares. Proshare Ltd Liability Com stated it has 138,772 shares or 0.03% of all its holdings. Lucas Mgmt invested 0.23% of its portfolio in Cabot Oil & Gas Corporation (NYSE:COG). Fdx Advsrs, a California-based fund reported 17,371 shares. Fifth Third Bankshares stated it has 259 shares or 0% of all its holdings. Bartlett And Lc invested in 0.01% or 9,150 shares. Clinton Gp holds 0.24% or 81,337 shares. State Of Alaska Department Of Revenue, a Alaska-based fund reported 35,881 shares. Massachusetts-based Adage Cap Prtnrs Lc has invested 0.04% in Cabot Oil & Gas Corporation (NYSE:COG). Robeco Institutional Asset Management Bv reported 63,813 shares.

Among 33 analysts covering Cabot Oil & Gas (NYSE:COG), 21 have Buy rating, 1 Sell and 11 Hold. Therefore 64% are positive. Cabot Oil & Gas had 106 analyst reports since July 21, 2015 according to SRatingsIntel. Topeka Capital Markets maintained the shares of COG in report on Tuesday, January 19 with “Buy” rating. Howard Weil upgraded the stock to “Sector Outperform” rating in Thursday, August 11 report. The stock of Cabot Oil & Gas Corporation (NYSE:COG) earned “Market Perform” rating by Cowen & Co on Tuesday, July 21. The firm has “Buy” rating given on Friday, July 28 by BMO Capital Markets. The rating was upgraded by Bank of America to “Neutral” on Thursday, May 11. As per Monday, May 1, the company rating was reinitiated by Piper Jaffray. Susquehanna upgraded Cabot Oil & Gas Corporation (NYSE:COG) on Monday, February 6 to “Positive” rating. Piper Jaffray maintained the stock with “Buy” rating in Monday, September 25 report. The firm has “Overweight” rating by Barclays Capital given on Monday, November 20. Williams Capital Group maintained Cabot Oil & Gas Corporation (NYSE:COG) rating on Thursday, December 21. Williams Capital Group has “Hold” rating and $30.0 target.

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