BMC Stock Holdings, Inc. (NASDAQ:BMCH) Stake Decreased by Bank of America Corp DE
Bank of America Corp DE decreased its stake in BMC Stock Holdings, Inc. (NASDAQ:BMCH) by 23.5% during the first quarter, Holdings Channel reports. The fund owned 109,769 shares of the company’s stock after selling 33,718 shares during the period. Bank of America Corp DE’s holdings in BMC Stock Holdings were worth $2,481,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of BMCH. Clinton Group Inc. raised its stake in BMC Stock Holdings by 91.0% in the first quarter. Clinton Group Inc. now owns 32,536 shares of the company’s stock valued at $735,000 after buying an additional 15,505 shares during the last quarter. State Board of Administration of Florida Retirement System purchased a new stake in BMC Stock Holdings during the fourth quarter valued at about $244,000. Renaissance Technologies LLC raised its stake in BMC Stock Holdings by 662.1% in the first quarter. Renaissance Technologies LLC now owns 731,600 shares of the company’s stock valued at $16,534,000 after buying an additional 635,600 shares during the last quarter. Airain ltd purchased a new stake in BMC Stock Holdings during the first quarter valued at about $1,295,000. Finally, Bogle Investment Management L P DE purchased a new stake in BMC Stock Holdings during the first quarter valued at about $1,212,000. 98.47% of the stock is currently owned by institutional investors and hedge funds.
Shares of BMC Stock Holdings, Inc. (NASDAQ:BMCH) traded down 0.96% on Thursday, reaching $20.70. 95,703 shares of the company were exchanged. The company has a market capitalization of $1.38 billion, a P/E ratio of 33.99 and a beta of 1.47. BMC Stock Holdings, Inc. has a 52-week low of $15.45 and a 52-week high of $23.90. The stock has a 50 day moving average of $21.63 and a 200-day moving average of $21.34.
BMC Stock Holdings (NASDAQ:BMCH) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by $0.03. BMC Stock Holdings had a net margin of 1.28% and a return on equity of 9.29%. The business had revenue of $886.38 million during the quarter, compared to analysts’ expectations of $871.51 million. During the same period last year, the company earned $0.32 EPS. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. On average, analysts predict that BMC Stock Holdings, Inc. will post $1.10 EPS for the current fiscal year.
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BMCH has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of BMC Stock Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, May 9th. Barclays PLC lowered their target price on shares of BMC Stock Holdings from $24.00 to $22.00 and set an “overweight” rating on the stock in a research note on Friday, August 4th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $24.00 target price on shares of BMC Stock Holdings in a research note on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. BMC Stock Holdings presently has an average rating of “Buy” and a consensus target price of $24.40.
About BMC Stock Holdings
BMC Stock Holdings, Inc is a provider of building products and services in the United States residential construction market. The Company’s segments include Mid-Atlantic, Southeast, Texas, Intermountain, Western and Mountain West divisions. Its product offerings include lumber and lumber sheet goods and an array of products, including millwork, doors, windows, structural components, floor and roof trusses and wall panels.
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