Victory Capital Management Inc. cut its stake in BMC Stock Holdings Inc (NASDAQ:BMCH) by 63.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,481 shares of the company’s stock after selling 11,264 shares during the quarter. Victory Capital Management Inc.’s holdings in BMC Stock were worth $137,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Quantamental Technologies LLC increased its holdings in shares of BMC Stock by 9.2% in the 2nd quarter. Quantamental Technologies LLC now owns 6,532 shares of the company’s stock valued at $138,000 after acquiring an additional 549 shares during the period. Convergence Investment Partners LLC purchased a new position in shares of BMC Stock in the 2nd quarter valued at $224,000. Fox Run Management L.L.C. purchased a new position in shares of BMC Stock in the 2nd quarter valued at $244,000. Marshall Wace North America L.P. purchased a new position in shares of BMC Stock in the 1st quarter valued at $246,000. Finally, First Quadrant L P CA increased its holdings in shares of BMC Stock by 1,125.3% in the 2nd quarter. First Quadrant L P CA now owns 12,559 shares of the company’s stock valued at $266,000 after acquiring an additional 11,534 shares during the period. Institutional investors and hedge funds own 98.95% of the company’s stock.
BMC Stock stock opened at $25.20 on Wednesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.35 and a quick ratio of 1.53. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 13.55 and a beta of 0.90. BMC Stock Holdings Inc has a 1-year low of $14.66 and a 1-year high of $26.63. The business has a fifty day moving average price of $25.46 and a 200-day moving average price of $22.15.
BMC Stock (NASDAQ:BMCH) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.03. The firm had revenue of $946.38 million during the quarter, compared to analysts’ expectations of $934.39 million. BMC Stock had a return on equity of 14.38% and a net margin of 3.31%. The business’s quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.64 EPS. On average, equities research analysts anticipate that BMC Stock Holdings Inc will post 1.68 earnings per share for the current fiscal year.
BMCH has been the topic of a number of analyst reports. Wedbush downgraded BMC Stock from an “outperform” rating to a “neutral” rating and set a $25.00 price target on the stock. in a report on Thursday, August 8th. SunTrust Banks set a $25.00 price target on BMC Stock and gave the company a “hold” rating in a report on Wednesday, August 7th. B. Riley upgraded BMC Stock from a “neutral” rating to a “buy” rating and lifted their price target for the company from $25.00 to $28.00 in a report on Wednesday, August 7th. Zacks Investment Research upgraded BMC Stock from a “hold” rating to a “strong-buy” rating and set a $29.00 price target on the stock in a report on Friday, August 9th. Finally, Buckingham Research lifted their price target on BMC Stock from $26.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Eight equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $23.27.
In other news, insider James F. Jr. Major sold 25,037 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $25.94, for a total value of $649,459.78. Also, insider Lisa M. Hamblet sold 40,096 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $25.01, for a total value of $1,002,800.96. The disclosure for this sale can be found here. Insiders sold a total of 105,133 shares of company stock valued at $2,607,781 in the last three months. Insiders own 1.20% of the company’s stock.
BMC Stock Profile
BMC Stock Holdings, Inc distributes lumber and building materials to new construction, and repair and remodeling contractors in the United States. Its products comprise structural components, such as floor and roof trusses, wall panels, and engineered wood products; lumber and lumber sheet goods, including dimensional lumber, plywood, and oriented strand board products used in on-site house framing under the Ready-Frame brand; and millwork, doors, and windows comprising interior and exterior doors, windows, interior trims, custom millworks, moldings, stairs and stair parts, and cabinetry and other products.
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