Incline Global Management LLC Increased Its Position in Masco Corp (Call) (MAS) by $72.46 Million

June 13, 2018 - By James Hentges

Masco Corporation (NYSE:MAS) LogoInvestors sentiment decreased to 0.89 in 2018 Q1. Its down 0.11, from 1 in 2017Q4. It turned negative, 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. Great West Life Assurance Can holds 223,837 shares. Great Lakes owns 51,028 shares for 0.05% of their portfolio. Driehaus Cap Management Ltd Liability Corp reported 0.04% of its portfolio in Masco Corporation (NYSE:MAS). Iridian Asset Management Limited Liability Co Ct holds 16,150 shares or 0.01% of its portfolio. Castleark Mngmt Ltd Co holds 0.02% of its portfolio in Masco Corporation (NYSE:MAS) for 12,500 shares. Endurance Wealth Incorporated invested in 0% or 400 shares. Victory Capital Management owns 84,437 shares. Alyeska Inv Group Inc Limited Partnership invested 1.39% of its portfolio in Masco Corporation (NYSE:MAS). Bb&T Secs Limited Co stated it has 20,002 shares or 0.01% of all its holdings. Alphaone Invest Svcs Ltd Liability Corporation stated it has 0.05% of its portfolio in Masco Corporation (NYSE:MAS). Morgan Stanley holds 0.01% of its portfolio in Masco Corporation (NYSE:MAS) for 1.17M shares. Macquarie Gru holds 0% or 6,000 shares in its portfolio. Mai Capital has 21,998 shares for 0.05% of their portfolio. Loring Wolcott And Coolidge Fiduciary Advsrs Limited Liability Partnership Ma reported 0% of its portfolio in Masco Corporation (NYSE:MAS). Vanguard Group reported 31.32M shares or 0.06% of all its holdings.

Since February 21, 2018, it had 0 insider buys, and 6 sales for $6.69 million activity. LOSH J MICHAEL sold $234,989 worth of stock. Gross Joseph B. also sold $438,219 worth of Masco Corporation (NYSE:MAS) shares. VAN LOKEREN MARY ANN also sold $241,844 worth of Masco Corporation (NYSE:MAS) shares. 5,577 shares valued at $233,405 were sold by PAYNE LISA A on Thursday, March 22.

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 1.81 million shares as the company’s stock declined 11.59% with the market. The hedge fund run by Jeff Lignelli held 1.99M shares of the forest products company at the end of 2018Q1, valued at $80.33M, 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 $11.96B 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 $16.72M in 2018Q1, according to the filing. It also reduced its holding in Lowes Cos Inc (NYSE:LOW) by 251,530 shares in the quarter, leaving it with 390,335 shares, and cut its stake in Sherwin Williams Co (Call) (NYSE:SHW).

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 rating was maintained by Barclays Capital with “Overweight” on Wednesday, April 25. The stock has “Neutral” rating by JP Morgan on Thursday, April 26. The stock of Masco Corporation (NYSE:MAS) earned “Neutral” rating by JP Morgan on Friday, January 5. The stock has “Buy” rating by FBR Capital on Tuesday, April 24. On Monday, May 14 the stock rating was upgraded by Wells Fargo to “Buy”. Bank of America downgraded Masco Corporation (NYSE:MAS) rating on Monday, May 14. Bank of America has “Hold” rating and $4400 target. RBC Capital Markets maintained the shares of MAS in report on Wednesday, April 25 with “Buy” rating. The stock has “Buy” rating by Gabelli on Wednesday, April 25. The stock has “Buy” rating by Jefferies on Wednesday, January 17. As per Friday, February 9, the company rating was maintained by FBR Capital.

Masco Corporation (NYSE:MAS) Institutional Positions Chart

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