Construction Partners (ROAD) Boosted by Zacks Investment Research to Hold

Two Sigma Investments LP grew its holdings in shares of Construction Partners by 1.8% during the fourth quarter. Two Sigma Investments LP now …

Zacks Investment Research upgraded shares of Construction Partners (NASDAQ:ROAD) from a sell rating to a hold rating in a research report released on Wednesday morning.

According to Zacks, “Construction Partners Inc. is an infrastructure and road construction company. It provides construction products and services to public and private sectors. The company’s services include construction of highways, roads, bridges, airports and commercial and residential sites. Construction Partners Inc. is based in Alabama, United States. “

A number of other equities research analysts have also recently issued reports on the stock. DA Davidson set a $15.00 target price on shares of Construction Partners and gave the company a buy rating in a research report on Friday, November 23rd. Imperial Capital reduced their target price on shares of Construction Partners from $16.00 to $14.00 and set an outperform rating for the company in a research report on Thursday, November 8th. Raymond James reduced their target price on shares of Construction Partners from $15.00 to $13.00 and set a strong-buy rating for the company in a research report on Wednesday, December 12th. Finally, ValuEngine cut shares of Construction Partners from a hold rating to a sell rating in a research report on Thursday, October 18th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $14.17.

ROAD stock opened at $11.86 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.99 and a quick ratio of 1.81. Construction Partners has a one year low of $7.70 and a one year high of $14.06. The firm has a market cap of $568.98 million and a price-to-earnings ratio of 13.79.

Construction Partners (NASDAQ:ROAD) last released its quarterly earnings data on Monday, February 11th. The company reported $0.10 EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.04). Construction Partners had a return on equity of 13.58% and a net margin of 6.57%. The company had revenue of $154.33 million for the quarter, compared to the consensus estimate of $170.23 million. As a group, sell-side analysts anticipate that Construction Partners will post 0.77 earnings per share for the current fiscal year.

In other Construction Partners news, insider John L. Harper bought 9,000 shares of the stock in a transaction on Friday, December 14th. The stock was purchased at an average price of $8.41 per share, with a total value of $75,690.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ned N. Fleming III bought 4,000 shares of the stock in a transaction on Friday, December 21st. The shares were acquired at an average cost of $8.47 per share, with a total value of $33,880.00. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 14,500 shares of company stock valued at $122,605. Insiders own 74.79% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its holdings in shares of Construction Partners by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 70,571 shares of the company’s stock worth $623,000 after purchasing an additional 1,269 shares during the last quarter. Vanguard Group Inc grew its holdings in shares of Construction Partners by 0.4% during the third quarter. Vanguard Group Inc now owns 424,512 shares of the company’s stock worth $5,137,000 after purchasing an additional 1,615 shares during the last quarter. Two Sigma Investments LP grew its holdings in shares of Construction Partners by 1.8% during the fourth quarter. Two Sigma Investments LP now owns 121,747 shares of the company’s stock worth $1,075,000 after purchasing an additional 2,190 shares during the last quarter. Two Sigma Advisers LP grew its holdings in shares of Construction Partners by 20.1% during the fourth quarter. Two Sigma Advisers LP now owns 42,400 shares of the company’s stock worth $374,000 after purchasing an additional 7,100 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in shares of Construction Partners by 44.2% during the third quarter. BlackRock Inc. now owns 25,050 shares of the company’s stock worth $304,000 after purchasing an additional 7,681 shares during the last quarter. Institutional investors own 21.10% of the company’s stock.

Construction Partners Company Profile

Construction Partners, Inc, an infrastructure and road construction company, provides construction products and services to public and private sectors. It offers construction of highways, roads, bridges, airports, and commercial and residential sites. The company provides a range of sitework construction services, including site development, paving, and utility and drainage systems construction, as well as supplies hot mix asphalt required for the projects.

See Also: What Is An Exchange-Traded Fund (ETF)?

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Coinbase Introduces Cloud Storage Keys; The SEC gets Closer to a Crypto ETF

Coinbase has launched its own cloud storage wallet software promoting its ability to be a standalone entity. Those who use the Coinbase wallet are …

Coinbase has launched its own cloud storage wallet software promoting its ability to be a standalone entity. Those who use the Coinbase wallet are the only holder of their private cloud store user controlled private keys. This will allow Coinbase users to have a greater degree of safety and security compared to having your money in a centralized exchange which are prone to hacks and other break-ins.

What are Private Keys?

Coinbase has added private keys to their wallet as the latest feature that is a new option to back up this information. The private key information can be stored in the cloud using either Google Drive or iCloud. This feature is expected to add an additional way to access portfolios that hold crypto currencies if for whatever reason an investor loses access to their wallet. Coinbase announced that these private keys will be encrypted and require a wallet password for access.

The additional backup that users will be able to enjoy with their Coinbase wallet, will create an additional space where they are subject to a hacking attack. The question is whether the convenience is worth the risk. No storage method is truly impenetrable, but each level of user requires a different level of security. Many of Coinbase’s users are willing to sacrifice for the greater convenience of having your private keys in an accessible cloud environment.

The SEC Continues to Ponder a Crypto ETF

Many on Wall Street believe that the introduction of a crypto currency ETF is a matter of when and not if. An exchange traded fund (ETF) is a product that trades like a stock on an exchange. A crypto currency ETF could hold a specific crypto currency as a trust like bitcoin, or several crypto currencies in a basket format. This would provide access to a large number of investors who are interested in gaining exposure to crypto currencies.

The launch of such an investment opportunity could be the impetus that takes this industry to the next level. While many investors have open wallets, to trade and invest in crypto currencies, a large portion of the retail investing community will only participate if there is an ETF. Additionally, institutional investors have specific rules about what they can invest in. An ETF would provide these funds with access to the crypto currency arena.

The SEC continues to evaluate the market environment to determine if there is enough interest in a crypto currency ETF. Safety and security is also a component and access to private keys such as the one introduced by Coinbase could go a long way toward answering many questions. Oversight will also be important. The Commodity Futures Trading Commission along with the Securities and Exchange Commission could have dual oversight, given there are futures on bitcoin which provide retail and institutional investors in the US access to crypto currencies.

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Trading Scope: SuperTrend Above Price for ETFS Equity Securities L (UK3S.L)

Tracking shares of ETFS Equity Securities L (UK3S.L), we have noted that the SuperTrend is currently higher than recent stock price levels.

Tracking shares of ETFS Equity Securities L (UK3S.L), we have noted that the SuperTrend is currently higher than recent stock price levels. Active traders might be following the signal in order to determine if the stock has entered into a buying territory.

Stock market investors are typically searching for solid quality companies to help boost the portfolio. There are plenty of quality companies out there, the tricky part may be determining what constitutes as quality. Many investors look for companies that are solid sales leaders within a market that is growing. Going further, investors may be studying a company’s proven track record and gauging the competence of current management. Adding other factors such as brand recognition and prospects for steady growth, investors may eventually find a company that is worth taking the risk for future returns.

The 14-day ADX for ETFS Equity Securities L (UK3S.L) is currently 20.25. Many chart analysts believe that an ADX reading over 25 would suggest a strong trend. A reading under 20 would suggest no trend, and a reading from 20-25 would suggest that there is no clear trend signal. The ADX was created by J. Welles Wilder to help determine how strong a trend is. In general, a rising ADX line means that an existing trend is gaining strength. The opposite would be the case for a falling ADX line.

Investors may use various technical indicators to help spot trends and buy/sell signals. Presently, ETFS Equity Securities L (UK3S.L) has a 14-day Commodity Channel Index (CCI) of -103.96. The CCI was developed by Donald Lambert. The assumption behind the indicator is that investment instruments move in cycles with highs and lows coming at certain periodic intervals. The original guidelines focused on creating buy/sell signals when the reading moved above +100 or below -100. Traders may also use the reading to identify overbought/oversold conditions.

Investors may be looking to compare the current stock price of ETFS Equity Securities L (UK3S.L) to some of its moving averages. After a recent check, the 200-day MA is resting at 271.69, and the 50-day is 298.69. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a specific period of time. Moving averages can be very useful for identifying peaks and troughs. They may also be used to help the trader figure out proper support and resistance levels for the stock.

Checking in on the numbers for ETFS Equity Securities L (UK3S.L), we can see that the company has a Williams Percent Range or 14 day Williams %R of -95.88. In general, if the reading goes above -20, the stock may be considered to be overbought. On the other end of the spectrum, if the indicator goes under -80, this may show the stock as being oversold. The Williams Percent Range or Williams %R is a technical indicator that was developed to measure overbought and oversold market conditions.

The Relative Strength Index (RSI) is a highly popular momentum indicator used for technical analysis. The RSI can help display whether the bulls or the bears are currently strongest in the market. The RSI may be used to help spot points of reversals more accurately. The RSI was developed by J. Welles Wilder. As a general rule, an RSI reading over 70 would signal overbought conditions. A reading under 30 would indicate oversold conditions. As always, the values may need to be adjusted based on the specific stock and market. RSI can also be a valuable tool for trying to spot larger market turns. ETFS Equity Securities L (UK3S.L) has a 14-day RSI of 31.65, the 7-day is at 22.15, and the 3-day is resting at 9.62.

Successful investors are usually adept at expecting and reacting to sudden change. Things may be all roses when the markets are riding the bulls higher, but environments shift and can leave investors suddenly in the lurch. When times are good, investors may be well served by maintaining a watchful eye on the portfolio. Becoming complacent when everything seems to be working can become a disaster very quickly without the proper attention. Setting up a plan for different market scenarios can greatly benefit the investor. Routinely studying portfolio contents may help when the need to release some underperformers comes. Keeping close tabs on the portfolio may also help fend off a personal panic if events take a dramatic turn for the worse.

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ETF Managers Group LLC Has $248000 Holdings in Mercury Systems Inc (NASDAQ:MRCY)

Man Group plc boosted its holdings in shares of Mercury Systems by 476.9% during the third quarter. Man Group plc now owns 86,107 shares of the …

Mercury Systems logoETF Managers Group LLC cut its holdings in shares of Mercury Systems Inc (NASDAQ:MRCY) by 30.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,240 shares of the technology company’s stock after selling 2,339 shares during the period. ETF Managers Group LLC’s holdings in Mercury Systems were worth $248,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Man Group plc boosted its holdings in shares of Mercury Systems by 476.9% during the third quarter. Man Group plc now owns 86,107 shares of the technology company’s stock worth $4,763,000 after acquiring an additional 71,180 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Mercury Systems by 2.5% during the third quarter. Vanguard Group Inc. now owns 4,640,926 shares of the technology company’s stock worth $256,735,000 after acquiring an additional 114,329 shares during the period. William Blair Investment Management LLC boosted its holdings in shares of Mercury Systems by 15.2% during the third quarter. William Blair Investment Management LLC now owns 282,735 shares of the technology company’s stock worth $15,641,000 after acquiring an additional 37,329 shares during the period. Emerald Mutual Fund Advisers Trust boosted its holdings in shares of Mercury Systems by 59.0% during the fourth quarter. Emerald Mutual Fund Advisers Trust now owns 538,734 shares of the technology company’s stock worth $25,477,000 after acquiring an additional 199,820 shares during the period. Finally, Conestoga Capital Advisors LLC boosted its holdings in shares of Mercury Systems by 6.8% during the fourth quarter. Conestoga Capital Advisors LLC now owns 1,401,487 shares of the technology company’s stock worth $66,276,000 after acquiring an additional 89,502 shares during the period.

NASDAQ MRCY opened at $64.33 on Friday. The firm has a market cap of $3.12 billion, a price-to-earnings ratio of 56.93, a P/E/G ratio of 3.66 and a beta of 1.03. Mercury Systems Inc has a fifty-two week low of $30.11 and a fifty-two week high of $64.42. The company has a current ratio of 4.29, a quick ratio of 2.93 and a debt-to-equity ratio of 0.30.

Mercury Systems (NASDAQ:MRCY) last posted its earnings results on Tuesday, January 29th. The technology company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.05. The firm had revenue of $159.09 million for the quarter, compared to analysts’ expectations of $154.45 million. Mercury Systems had a net margin of 5.88% and a return on equity of 8.31%. As a group, sell-side analysts predict that Mercury Systems Inc will post 1.48 earnings per share for the current year.

In related news, insider Mark Aslett sold 10,000 shares of the business’s stock in a transaction on Tuesday, December 18th. The shares were sold at an average price of $48.40, for a total value of $484,000.00. Following the sale, the insider now owns 387,440 shares of the company’s stock, valued at $18,752,096. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last three months, insiders sold 30,000 shares of company stock worth $1,542,300. 2.80% of the stock is currently owned by insiders.

MRCY has been the subject of a number of analyst reports. BidaskClub upgraded shares of Mercury Systems from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 10th. Drexel Hamilton set a $58.00 price target on shares of Mercury Systems and gave the company a “buy” rating in a research report on Wednesday, October 31st. SunTrust Banks lifted their price target on shares of Mercury Systems to $63.00 and gave the company a “buy” rating in a research report on Wednesday, January 30th. Zacks Investment Research upgraded shares of Mercury Systems from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a research report on Tuesday, November 6th. Finally, ValuEngine upgraded shares of Mercury Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, November 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $56.67.

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Mercury Systems Company Profile

Mercury Systems, Inc provides sensor and safety critical mission processing subsystems for various critical defense and intelligence programs in the United States. Its products and solutions are deployed in approximately 300 programs with 25 defense contractors. The company’s principal programs include Aegis, Patriot, Surface Electronic Warfare Improvement Program, Gorgon Stare, Predator, F-35, Reaper, F-16 SABR, E2D Hawkeye, Paveway, Filthy Buzzard, PGK, ProVision, P1, and AIDEWS.

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Institutional Ownership by Quarter for Mercury Systems (NASDAQ:MRCY)

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US SEC Might Include the Bitcoin (BTC) ETF Proposal Of Bitwise Under Review for Approval

As per reports, the U.S. SEC has started the process of considering a rule change for listing the proposal for a Bitcoin (BTC) exchange-traded fund …
bitcoin

Since the beginning of this year, the U.S. Securities and Exchange Commissions have been actively involved in the digital currency space with certain institutions seeking the approval of a Bitcoin (BTC) exchange-traded fund. In addition to this, the recent comment of Robert Jackson Jr – a former SEC commissioner – that it’s just a matter of time before an exchange-traded fund for Bitcoin (BTC) gets a green light, has dragged a lot of attention to the regulatory agency.

As per reports, the U.S. SEC has started the process of considering a rule change for listing the proposal for a Bitcoin (BTC) exchange-traded fund submitted by Bitwise Asset Management and NYSE Arca on the 11th of February this year.

Bitwise Bitcoin (BTC) ETF Application Published in Federal Register

The BTC ETF application by the asset management firm was published in the Federal Register on the 15th of February. This leaves the regulatory agency with forty-five days to make an initial verdict to reject, approve, or extend the proposal date further. However, in total, the US SEC has a period of 240 days to make a final verdict on whether to reject or approve the proposal.

The proposal for the BTC exchange-traded fund was initially submitted by Bitwise Asset Management in January this year. However, it couldn’t find its way to the Federal Register as a result of the U.S. government shutdown. But the situation of the event has changed now, as the SEC has now put the application under review.

As stated in the initial registration, the exchange-traded fund would track the Bitcoin (BTC) Total Return Index of Bitwise, which takes the value of BTC and any other meaningful hard fork into account. Moreover, what is unique about the BTC ETF application of Bitwise is that the firm wants is fund to be supported by spot prices from trading platforms and physically settled futures contracts.

This is not the same as any other Bitcoin (BTC) exchange-traded fund that was filed before, as previous exchange-traded funds were supported with cash-settled contracts. John Hyland – the global head of ETFs at Bitwise – painted an optimistic image and seemed very hopeful that the BTC ETF will be approved by the SEC.

In a statement, Hyland said: “While there can be no assurance that the 19b-4 application will be approved or the Securities and Exchange Commission will review and ultimately accelerate the registration statement, we are optimistic that this year should be the year that a Bitcoin (BTC) ETF launches.”

In the past, the U.S SEC has rejected a lot of BTC ETF applications. Nevertheless, since the statement of SEC commissioner Robert Jackson, another commissioner at the SEC – Hester Peirce – has also come out optimistically about the eventual approval of an exchange-traded fund for Bitcoin (BTC).

Bitcoin (BTC) Price Today – BTC / USD

Name Price 24H (%)

bitcoin
Bitcoin(BTC)

$3,621.96

The news around exchange-traded funds for Bitcoin (BTC) has dragged a lot of attention form digital currency fans all over the world that hope that the approval of a BTC ETF will result in an event that will help take the values of the digital currency out form the present bear market.

At the time of writing, Bitcoin (BTC) is traded at $3,695 after an increase of about one percent over the past twenty-four hours. The current market cap of the digital currency is $63.7 billion and its trading volume over the past twenty-four hours is $3.93 billion.