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Waddell & Reed Financial Has Lifted Its Holding in Installed Bldg Prods (IBP) as Stock Rose; Mutual Of America Capital Management Holding in Universal Forest Products (UFPI) Has Increased as Stock Price Declined

Mutual Of America Capital Management Llc increased its stake in Universal Forest Products Inc (UFPI) by 42.24% based on its latest 2017Q3 regulatory filing with the SEC. Mutual Of America Capital Management Llc bought 26,117 shares as the company’s stock declined 13.81% while stock markets rallied. The institutional investor held 87,952 shares of the basic industries company at the end of 2017Q3, valued at $8.63 million, up from 61,835 at the end of the previous reported quarter. Mutual Of America Capital Management Llc who had been investing in Universal Forest Products Inc for a number of months, seems to be bullish on the $2.29 billion market cap company. The stock decreased 2.63% or $1.01 during the last trading session, reaching $37.45. About 412,556 shares traded or 73.50% up from the average. Universal Forest Products, Inc. (NASDAQ:UFPI) has risen 12.86% since January 17, 2017 and is uptrending. It has underperformed by 3.84% the S&P500.

Waddell & Reed Financial Inc increased its stake in Installed Bldg Prods Inc (IBP) by 1.05% based on its latest 2017Q3 regulatory filing with the SEC. Waddell & Reed Financial Inc bought 7,634 shares as the company’s stock rose 17.15% with the market. The institutional investor held 731,704 shares of the basic industries company at the end of 2017Q3, valued at $47.41M, up from 724,070 at the end of the previous reported quarter. Waddell & Reed Financial Inc who had been investing in Installed Bldg Prods Inc for a number of months, seems to be bullish on the $2.31 billion market cap company. The stock decreased 0.82% or $0.6 during the last trading session, reaching $72.4. About 304,008 shares traded or 63.71% up from the average. Installed Building Products, Inc. (NYSE:IBP) has risen 54.12% since January 17, 2017 and is uptrending. It has outperformed by 37.42% the S&P500.

Investors sentiment decreased to 1.49 in Q3 2017. Its down 0.13, from 1.62 in 2017Q2. It dropped, as 8 investors sold IBP shares while 45 reduced holdings. 23 funds opened positions while 56 raised stakes. 20.52 million shares or 0.36% less from 20.59 million shares in 2017Q2 were reported. Hightower Advsr Limited Liability Com reported 5,896 shares stake. Aqr Management Limited Company holds 22,675 shares or 0% of its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) owns 600 shares or 0% of their US portfolio. California-based Schwab Charles Inv Mgmt has invested 0.01% in Installed Building Products, Inc. (NYSE:IBP). Blackrock owns 2.97 million shares. Budros Ruhlin & Roe Incorporated, a Ohio-based fund reported 4,545 shares. Emerald Mutual Fund Advisers reported 574,212 shares. Voya Investment Management Ltd Com holds 0% of its portfolio in Installed Building Products, Inc. (NYSE:IBP) for 9,902 shares. Renaissance Technologies Ltd Liability reported 0% of its portfolio in Installed Building Products, Inc. (NYSE:IBP). 37,033 were reported by Swiss Financial Bank. Virginia-based Virginia Retirement System Et Al has invested 0.01% in Installed Building Products, Inc. (NYSE:IBP). Citigroup holds 75 shares or 0% of its portfolio. The Ohio-based Victory Mngmt has invested 0% in Installed Building Products, Inc. (NYSE:IBP). Jpmorgan Chase & reported 31,385 shares. Shaker Investments Limited Liability Corp Oh has invested 1.09% in Installed Building Products, Inc. (NYSE:IBP).

Among 11 analysts covering Installed Building Products (NYSE:IBP), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. Installed Building Products had 27 analyst reports since July 30, 2015 according to SRatingsIntel. RBC Capital Markets maintained the shares of IBP in report on Tuesday, November 14 with “Buy” rating. The stock has “Buy” rating by Deutsche Bank on Monday, August 21. The company was maintained on Tuesday, January 2 by Seaport Global. The rating was downgraded by Zelman to “Hold” on Tuesday, April 5. KeyBanc Capital Markets maintained Installed Building Products, Inc. (NYSE:IBP) on Tuesday, August 22 with “Hold” rating. The firm earned “Buy” rating on Friday, November 3 by SunTrust. The stock of Installed Building Products, Inc. (NYSE:IBP) earned “Buy” rating by Seaport Global Securities on Tuesday, November 22. The rating was maintained by Wood with “Overweight” on Thursday, September 17. On Monday, October 16 the stock rating was maintained by RBC Capital Markets with “Buy”. The rating was maintained by RBC Capital Markets with “Buy” on Monday, June 19.

Since August 4, 2017, it had 0 insider buys, and 12 sales for $13.19 million activity. Another trade for 50,000 shares valued at $3.68 million was made by NIXON J MICHAEL on Thursday, December 7. Elliott Jay P. also sold $161,521 worth of Installed Building Products, Inc. (NYSE:IBP) shares. $102,162 worth of Installed Building Products, Inc. (NYSE:IBP) was sold by Carter Margot Lebenberg on Tuesday, August 8.

Waddell & Reed Financial Inc, which manages about $14.31B and $44.98B US Long portfolio, decreased its stake in Square Inc by 3.28M shares to 2.61M shares, valued at $75.15M in 2017Q3, according to the filing. It also reduced its holding in Oge Energy Corp (NYSE:OGE) by 21,200 shares in the quarter, leaving it with 267,985 shares, and cut its stake in Jd Com Inc (NASDAQ:JD).

Investors sentiment decreased to 1.09 in Q3 2017. Its down 0.17, from 1.26 in 2017Q2. It is negative, as 25 investors sold UFPI shares while 52 reduced holdings. 27 funds opened positions while 57 raised stakes. 16.27 million shares or 0.09% more from 16.25 million shares in 2017Q2 were reported. 7,557 were reported by Ironwood Inv Ltd Llc. Switzerland-based Swiss Savings Bank has invested 0% in Universal Forest Products, Inc. (NASDAQ:UFPI). Vanguard reported 1.83M shares stake. American Century has 30,232 shares for 0% of their portfolio. Alliancebernstein Lp holds 0% or 29,675 shares. Moreover, Covalent Limited Liability Company has 11.91% invested in Universal Forest Products, Inc. (NASDAQ:UFPI). Goldman Sachs Group Incorporated holds 0% in Universal Forest Products, Inc. (NASDAQ:UFPI) or 60,436 shares. Prudential Fincl has invested 0.01% in Universal Forest Products, Inc. (NASDAQ:UFPI). Public Employees Retirement Sys Of Ohio has invested 0% in Universal Forest Products, Inc. (NASDAQ:UFPI). Piedmont Advsrs has invested 0.01% in Universal Forest Products, Inc. (NASDAQ:UFPI). Nuveen Asset Llc holds 8,666 shares. Texas Permanent School Fund holds 14,909 shares or 0.02% of its portfolio. Tiaa Cref Management Ltd Liability invested 0.01% of its portfolio in Universal Forest Products, Inc. (NASDAQ:UFPI). 87,952 were reported by Mutual Of America Mngmt Llc. Aperio Limited Liability Corporation reported 0% in Universal Forest Products, Inc. (NASDAQ:UFPI).

Among 2 analysts covering Universal Forest Products (NASDAQ:UFPI), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Universal Forest Products had 6 analyst reports since October 16, 2015 according to SRatingsIntel. The firm has “Neutral” rating by DA Davidson given on Tuesday, January 12. On Thursday, October 20 the stock rating was upgraded by DA Davidson to “Buy”. On Tuesday, December 8 the stock rating was downgraded by DA Davidson to “Underperform”. The firm has “Hold” rating by BMO Capital Markets given on Tuesday, October 17. The firm has “Neutral” rating by DA Davidson given on Friday, October 16.

Mutual Of America Capital Management Llc, which manages about $13.10B and $6.10 billion US Long portfolio, decreased its stake in Acadia Healthcare Co Inc. (NASDAQ:ACHC) by 33,842 shares to 375,337 shares, valued at $17.93M in 2017Q3, according to the filing. It also reduced its holding in Wyndham Worldwide Corp (NYSE:WYN) by 3,537 shares in the quarter, leaving it with 26,494 shares, and cut its stake in Cadence Design Systems Inc. (NASDAQ:CDNS).

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