Eisler Capital Management Ltd. Takes $5.99 Million Position in Summit Materials, Inc. (NYSE:SUM)

Eisler Capital Management Ltd. acquired a new stake in shares of Summit Materials, Inc. (NYSE:SUM) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 117,500 shares of the construction company’s stock, valued at approximately $5,986,000. Eisler Capital Management Ltd. owned approximately 0.07% of Summit Materials as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Summit Materials during the fourth quarter valued at $704,000. Franklin Resources Inc. bought a new stake in Summit Materials during the 3rd quarter valued at about $7,359,000. Assenagon Asset Management S.A. raised its holdings in Summit Materials by 1,436.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 879,466 shares of the construction company’s stock worth $44,501,000 after buying an additional 822,222 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. bought a new position in shares of Summit Materials in the fourth quarter worth approximately $4,680,000. Finally, Value Holdings Management CO. LLC grew its holdings in shares of Summit Materials by 90.0% during the fourth quarter. Value Holdings Management CO. LLC now owns 19,000 shares of the construction company’s stock valued at $962,000 after buying an additional 9,000 shares during the last quarter.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Summit Materials in a research note on Tuesday. They set a “sell” rating on the stock. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Summit Materials presently has a consensus rating of “Hold” and a consensus target price of $50.67.

Summit Materials Price Performance

Shares of NYSE:SUM opened at $52.54 on Friday. The company has a market capitalization of $9.23 billion, a P/E ratio of 64.07 and a beta of 1.13. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.10 and a quick ratio of 2.48. The firm’s 50 day simple moving average is $52.54 and its two-hundred day simple moving average is $51.28. Summit Materials, Inc. has a 1-year low of $34.64 and a 1-year high of $54.07.

Summit Materials Company Profile

Summit Materials, Inc is a vertically integrated construction materials company, which engages in manufacturing construction materials and related downstream products. It operates through the following segments: West, East, and Cement. The West segment includes operations in Texas, Utah, Arizona, Colorado, Idaho, Wyoming, Oklahoma, Arkansas and British Columbia, Canada.