Skandinaviska Enskilda Banken AB publ bought a new stake in shares of Summit Materials, Inc. (NYSE:SUM – Free Report) in the 4th quarter, HoldingsChannel.com reports. The firm bought 10,000 shares of the construction company’s stock, valued at approximately $506,000.
A number of other hedge funds and other institutional investors have also modified their holdings of SUM. Empowered Funds LLC acquired a new stake in Summit Materials during the 4th quarter worth about $25,000. Versant Capital Management Inc raised its holdings in shares of Summit Materials by 179.2% during the fourth quarter. Versant Capital Management Inc now owns 550 shares of the construction company’s stock valued at $28,000 after acquiring an additional 353 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Summit Materials in the 3rd quarter valued at approximately $28,000. R Squared Ltd acquired a new position in Summit Materials in the 4th quarter worth approximately $57,000. Finally, Point72 Hong Kong Ltd purchased a new position in Summit Materials during the 3rd quarter worth approximately $53,000.
Summit Materials Price Performance
Shares of NYSE:SUM opened at $52.54 on Tuesday. The stock has a market capitalization of $9.23 billion, a P/E ratio of 64.07 and a beta of 1.13. The business has a 50-day moving average of $52.39 and a two-hundred day moving average of $47.58. Summit Materials, Inc. has a fifty-two week low of $34.64 and a fifty-two week high of $54.07. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.10 and a quick ratio of 2.48.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Report on Summit Materials
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.
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