The Manufacturers Life Insurance Company Grows Holdings in Summit Materials, Inc.
SUMDelisted Stock | USD 52.49 0.10 0.19% |
About 55% of Summit Materials' investor base is interested to short. The current sentiment regarding investing in Summit Materials stock implies that many traders are impartial. Summit Materials' investing sentiment overview a quick insight into current market opportunities from investing in Summit Materials. Many technical investors use Summit Materials stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
Summit |
The Manufacturers Life Insurance Company increased its position in Summit Materials, Inc. by 3.8 percent in the 3rd quarter, HoldingsChannel reports. The fund owned 1,232,524 shares of the construction companys stock after buying an additional 45,467 shares during the quarter. The Manufacturers Life Insurance Companys holdings in Summit Materials were worth 48,105,000
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Summit Materials Fundamental Analysis
We analyze Summit Materials' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Summit Materials using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Summit Materials based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Price To Sales
Price To Sales Comparative Analysis
Summit Materials is currently under evaluation in price to sales category among its peers. Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
Summit Materials Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Summit Materials stock to make a market-neutral strategy. Peer analysis of Summit Materials could also be used in its relative valuation, which is a method of valuing Summit Materials by comparing valuation metrics with similar companies.
Peers
Summit Materials Related Equities
MLM | Martin Marietta | 1.68 | ||||
EXP | Eagle Materials | 1.04 | ||||
VMC | Vulcan Materials | 0.42 | ||||
CPAC | Cementos Pacasmayo | 0.69 | ||||
JHX | James Hardie | 0.84 | ||||
MCEM | Monarch Cement | 1.20 | ||||
LOMA | Loma Negra | 3.77 | ||||
CRH | CRH PLC | 3.84 | ||||
USLM | United States | 5.65 |
Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Other Consideration for investing in Summit Stock
If you are still planning to invest in Summit Materials check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Summit Materials' history and understand the potential risks before investing.
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