Incline Global Management LLC Stake in Masco Corp (Call) (MAS) Upped as Market Value Declined

June 13, 2018 - By Duane Lopez

Masco Corporation (NYSE:MAS) LogoInvestors sentiment decreased to 0.89 in Q1 2018. Its down 0.11, from 1 in 2017Q4. It worsened, as 39 investors sold MAS shares while 209 reduced holdings. 61 funds opened positions while 159 raised stakes. 267.59 million shares or 1.78% less from 272.45 million shares in 2017Q4 were reported. Renaissance Ltd Liability has invested 0.03% of its portfolio in Masco Corporation (NYSE:MAS). Chesapeake Asset Management Lc reported 48,489 shares. Fin Advisers Ltd Limited Liability Company, California-based fund reported 32,823 shares. Incline Glob Mgmt Ltd Limited Liability Company invested in 3.47% or 1.59 million shares. Karp Management Corp holds 0.56% in Masco Corporation (NYSE:MAS) or 34,475 shares. Proshare Advisors Ltd Liability Corp reported 62,518 shares stake. Fdx Advsr invested 0.02% in Masco Corporation (NYSE:MAS). Earnest Prns Limited Liability holds 0.45% or 1.17 million shares. Advisor Limited Liability reported 6,623 shares. Marketfield Asset Mgmt Ltd Co holds 1.22% of its portfolio in Masco Corporation (NYSE:MAS) for 104,705 shares. Paloma Ptnrs Mgmt Co reported 41,695 shares. King Luther Cap Mngmt Corp holds 34,725 shares. Gradient Invests Ltd Liability Co invested in 33 shares. Washington National Bank owns 1,010 shares for 0.01% of their portfolio. The Ontario – Canada-based Ci Invs has invested 0.13% in Masco Corporation (NYSE:MAS).

Since February 21, 2018, it had 0 insider purchases, and 6 insider sales for $6.69 million activity. 5,654 Masco Corporation (NYSE:MAS) shares with value of $241,844 were sold by VAN LOKEREN MARY ANN. $438,219 worth of stock was sold by Gross Joseph B. on Friday, February 23. Another trade for 5,592 shares valued at $234,989 was sold by LOSH J MICHAEL. On Monday, March 12 the insider MANOOGIAN RICHARD A sold $2.00M.

Jeff Lignelli increased its stake in Masco Corp (Call) (MAS) by 1035.09% based on its latest 2018Q1 regulatory filing with the SEC. Incline Global Management Llc bought 1.81M shares as the company’s stock declined 11.59% with the market. The hedge fund run by Jeff Lignelli held 1.99 million shares of the forest products company at the end of 2018Q1, valued at $80.33 million, up from 175,000 at the end of the previous reported quarter. Incline Global Management Llc who had been investing in Masco Corp (Call) for a number of months, seems to be bullish on the $11.96 billion market cap company. The stock decreased 0.87% or $0.34 during the last trading session, reaching $38.53. About 859,013 shares traded. Masco Corporation (NYSE:MAS) has risen 2.07% since June 13, 2017 and is uptrending. It has underperformed by 10.50% the S&P500.

Incline Global Management Llc, which manages about $222.93M and $1.85B US Long portfolio, decreased its stake in S&P Global Inc (Call) by 278,055 shares to 87,500 shares, valued at $16.72 million in 2018Q1, according to the filing. It also reduced its holding in Sherwin Williams Co (Call) (NYSE:SHW) by 23,698 shares in the quarter, leaving it with 90,300 shares, and cut its stake in Lowes Cos Inc (NYSE:LOW).

Masco Corporation (NYSE:MAS) Ratings Coverage

Among 14 analysts covering Masco (NYSE:MAS), 9 have Buy rating, 0 Sell and 5 Hold. Therefore 64% are positive. Masco had 20 analyst reports since January 3, 2018 according to SRatingsIntel. The stock of Masco Corporation (NYSE:MAS) earned “Buy” rating by FBR Capital on Tuesday, April 24. Robert W. Baird maintained Masco Corporation (NYSE:MAS) on Monday, June 4 with “Buy” rating. The stock of Masco Corporation (NYSE:MAS) has “Overweight” rating given on Wednesday, April 25 by Barclays Capital. The stock of Masco Corporation (NYSE:MAS) has “In-Line” rating given on Wednesday, January 3 by Evercore. RBC Capital Markets maintained Masco Corporation (NYSE:MAS) rating on Friday, February 9. RBC Capital Markets has “Buy” rating and $46.0 target. Gabelli upgraded the stock to “Buy” rating in Wednesday, April 25 report. The stock has “Neutral” rating by Credit Suisse on Wednesday, April 25. The stock of Masco Corporation (NYSE:MAS) earned “Buy” rating by Robert W. Baird on Tuesday, April 24. JP Morgan maintained the shares of MAS in report on Thursday, April 26 with “Neutral” rating. The rating was downgraded by J.P. Morgan to “Hold” on Friday, January 5.

Masco Corporation (NYSE:MAS) Institutional Positions Chart

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