As Eagle Materials INC (EXP) Stock Price Declined, Maverick Capital LTD Cut Its Position by $10.06 Million

Eagle Materials Inc. (NYSE:EXP) LogoInvestors sentiment increased to 0.99 in 2019 Q1. Its up 0.09, from 0.9 in 2018Q4. It increased, as 33 investors sold EXP shares while 88 reduced holdings. 50 funds opened positions while 70 raised stakes. 43.70 million shares or 0.77% more from 43.37 million shares in 2018Q4 were reported. Optimum Invest Advsr holds 0.02% of its portfolio in Eagle Materials Inc. (NYSE:EXP) for 885 shares. Fincl Bank Of America Corporation De stated it has 260,733 shares. Texas Permanent School Fund holds 31,165 shares or 0.04% of its portfolio. First Mercantile Tru Company reported 0.04% of its portfolio in Eagle Materials Inc. (NYSE:EXP). Moreover, Canada Pension Plan Board has 0% invested in Eagle Materials Inc. (NYSE:EXP). Company National Bank & Trust holds 0.01% in Eagle Materials Inc. (NYSE:EXP) or 5,665 shares. Sei Invests stated it has 0% in Eagle Materials Inc. (NYSE:EXP). Zacks Investment Management invested in 0.04% or 19,502 shares. 450,506 are held by Geode Mgmt Ltd Liability Co. 14,805 are owned by Bw Gestao De Investimentos Ltda. 10,595 were accumulated by Guyasuta Invest. 13 were reported by Bessemer Group Inc Incorporated. Huntington Comml Bank, Ohio-based fund reported 2,770 shares. Greenwood Assoc Ltd Limited Liability Company accumulated 0.35% or 16,248 shares. Weitz stated it has 0.27% in Eagle Materials Inc. (NYSE:EXP).

Maverick Capital Ltd decreased its stake in Eagle Materials Inc (EXP) by 6.27% based on its latest 2019Q1 regulatory filing with the SEC. Maverick Capital Ltd sold 119,799 shares as the company’s stock declined 7.50% . The hedge fund held 1.79M shares of the building materials company at the end of 2019Q1, valued at $150.88 million, down from 1.91 million at the end of the previous reported quarter. Maverick Capital Ltd who had been investing in Eagle Materials Inc for a number of months, seems to be less bullish one the $3.47 billion market cap company. The stock decreased 1.77% or $1.49 during the last trading session, reaching $82.54. About 116,814 shares traded. Eagle Materials Inc. (NYSE:EXP) has declined 18.78% since August 14, 2018 and is downtrending. It has underperformed by 18.78% the S&P500.

Maverick Capital Ltd, which manages about $14.71 billion and $7.54B US Long portfolio, upped its stake in Barnes & Noble Inc (NYSE:BKS) by 710,960 shares to 1.77M shares, valued at $9.62M in 2019Q1, according to the filing. It also increased its holding in O Reilly Automotive Inc New (NASDAQ:ORLY) by 36,370 shares in the quarter, for a total of 65,980 shares, and has risen its stake in Lowes Cos Inc (NYSE:LOW).

More notable recent Eagle Materials Inc. (NYSE:EXP) news were published by: Benzinga.com which released: “Earnings Scheduled For May 16, 2019 – Benzinga” on May 16, 2019, also Fool.com with their article: “What Strategy Should Stock Pickers Use in 2019? – The Motley Fool” published on January 04, 2019, Businesswire.com published: “Eagle Materials Schedules First Quarter Fiscal 2020 Earnings Release and Conference Call With Senior Management – Business Wire” on July 15, 2019. More interesting news about Eagle Materials Inc. (NYSE:EXP) were released by: Finance.Yahoo.com and their article: “Hedge Funds Have Never Been This Bullish On eXp World Holdings, Inc. (EXPI) – Yahoo Finance” published on May 12, 2019 as well as Finance.Yahoo.com‘s news article titled: “Why Eagle Materials Inc.’s (NYSE:EXP) CEO Pay Matters To You – Yahoo Finance” with publication date: May 10, 2019.

Eagle Materials Inc. (NYSE:EXP) Ratings Coverage

Among 6 analysts covering Eagle Materials (NYSE:EXP), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Eagle Materials had 14 analyst reports since March 14, 2019 according to SRatingsIntel. The rating was initiated by J.P. Morgan with “Hold” on Thursday, March 21. As per Friday, May 17, the company rating was maintained by Raymond James. Jefferies downgraded the shares of EXP in report on Thursday, July 18 to “Hold” rating. The rating was maintained by Citigroup with “Buy” on Monday, April 1. The firm has “Outperform” rating by Raymond James given on Friday, April 5.

Eagle Materials Inc. (NYSE:EXP) Institutional Positions Chart

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