MFS Government Markets Income Trust (MGF) Is At $4.53 Formed Wedge; Beacon Roofing Supply (BECN)’s Sentiment Is 1.38

Beacon Roofing Supply, Inc. (NASDAQ:BECN) Logo

Beacon Roofing Supply Inc (BECN) investors sentiment decreased to 1.38 in 2017 Q4. It’s down -0.53, from 1.91 in 2017Q3. The ratio turned negative, as 137 funds started new or increased equity positions, while 99 decreased and sold holdings in Beacon Roofing Supply Inc. The funds in our database now hold: 64.82 million shares, down from 66.46 million shares in 2017Q3. Also, the number of funds holding Beacon Roofing Supply Inc in top ten equity positions increased from 3 to 7 for an increase of 4. Sold All: 22 Reduced: 77 Increased: 74 New Position: 63.

MFS Government Markets Income Trust (MGF) formed wedge down with $4.30 target or 5.00% below today’s $4.53 share price. MFS Government Markets Income Trust (MGF) has $147.68M valuation. The stock decreased 0.66% or $0.03 during the last trading session, reaching $4.53. About 111,578 shares traded or 105.08% up from the average. MFS Government Markets Income Trust (NYSE:MGF) has declined 5.26% since April 18, 2017 and is downtrending. It has underperformed by 16.81% the S&P500.

Investors sentiment increased to 2.14 in 2017 Q4. Its up 1.03, from 1.11 in 2017Q3. It increased, as 2 investors sold MFS Government Markets Income Trust shares while 5 reduced holdings. 9 funds opened positions while 6 raised stakes. 11.34 million shares or 10.57% more from 10.25 million shares in 2017Q3 were reported. Moreover, Fiera has 0% invested in MFS Government Markets Income Trust (NYSE:MGF). Washington Trust Bankshares invested 0% in MFS Government Markets Income Trust (NYSE:MGF). Morgan Stanley holds 0% or 81,103 shares. Michigan-based Fincl & Invest Mgmt Group Inc has invested 0.05% in MFS Government Markets Income Trust (NYSE:MGF). 1607 Cap Prtn Limited Liability Company holds 366,451 shares. Invesco Limited has invested 0% in MFS Government Markets Income Trust (NYSE:MGF). Millennium Limited Co stated it has 0% of its portfolio in MFS Government Markets Income Trust (NYSE:MGF). Raymond James Financial Services Advsrs Incorporated owns 17,366 shares. Sg Americas Securities Limited Co invested 0% of its portfolio in MFS Government Markets Income Trust (NYSE:MGF). Raymond James & Associates holds 0% of its portfolio in MFS Government Markets Income Trust (NYSE:MGF) for 19,781 shares. Sit Inv Assoc has 2.68 million shares for 0.31% of their portfolio. Bankshares Of America De invested in 127,554 shares. Lpl Ltd Com invested 0% in MFS Government Markets Income Trust (NYSE:MGF). 40,900 are owned by Gilman Hill Asset Limited Liability Corp. Wells Fargo And Co Mn reported 0.01% in MFS Government Markets Income Trust (NYSE:MGF).

Analysts await Beacon Roofing Supply, Inc. (NASDAQ:BECN) to report earnings on May, 3. They expect $-0.09 EPS, down 125.00% or $0.05 from last year’s $-0.04 per share. After $0.68 actual EPS reported by Beacon Roofing Supply, Inc. for the previous quarter, Wall Street now forecasts -113.24% negative EPS growth.

Dudley & Shanley Llc holds 7.25% of its portfolio in Beacon Roofing Supply, Inc. for 505,950 shares. Spitfire Capital Llc owns 200,503 shares or 5.66% of their US portfolio. Moreover, Daruma Capital Management Llc has 3.56% invested in the company for 895,306 shares. The New York-based Lomas Capital Management Llc has invested 3.05% in the stock. Copper Rock Capital Partners Llc, a Massachusetts-based fund reported 585,439 shares.

Beacon Roofing Supply, Inc., together with its subsidiaries, distributes residential and non-residential roofing materials, and other complementary building materials to contractors, home builders, retailers, and building materials suppliers. The company has market cap of $3.56 billion. The companyÂ’s residential roofing products include asphalt shingles, synthetic slates and tiles, clay and concrete tiles, slates, nail base insulations, metal roofing, felts, synthetic underlayment, wood shingles and shakes, nails and fasteners, metal edgings and flashings, prefabricated flashings, ridges and soffit vents, and other accessories. It has a 22.38 P/E ratio. The Company’s non-residential roofing products comprise single-ply roofing, asphalt, metal, modified bitumen, and build-up roofing products; cements and coatings; flat stock and tapered insulations; commercial fasteners; metal edges and flashings; smoke/roof hatches; roofing tools; sheet metal products, including copper, aluminum, and steel; and PVC, thermoplastic olefin, and ethylene propylene diene monomer membrane products.

Beacon Roofing Supply, Inc. (NASDAQ:BECN) Institutional Positions Chart