Cortina Asset Management LLC Acquires 347,703 Shares of BMC Stock Holdings, Inc. (BMCH)
Cortina Asset Management LLC increased its holdings in shares of BMC Stock Holdings, Inc. (NASDAQ:BMCH) by 35.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,331,284 shares of the company’s stock after purchasing an additional 347,703 shares during the period. BMC Stock Holdings accounts for 1.2% of Cortina Asset Management LLC’s investment portfolio, making the stock its 18th largest holding. Cortina Asset Management LLC owned 1.99% of BMC Stock Holdings worth $28,423,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the stock. Highlander Capital Management LLC boosted its stake in BMC Stock Holdings by 2.2% during the 2nd quarter. Highlander Capital Management LLC now owns 22,800 shares of the company’s stock worth $504,000 after purchasing an additional 500 shares during the period. Ameritas Investment Partners Inc. boosted its stake in BMC Stock Holdings by 20.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,748 shares of the company’s stock worth $126,000 after purchasing an additional 989 shares during the period. Legal & General Group Plc boosted its stake in BMC Stock Holdings by 15.5% during the 2nd quarter. Legal & General Group Plc now owns 15,739 shares of the company’s stock worth $344,000 after purchasing an additional 2,108 shares during the period. SG Americas Securities LLC boosted its stake in BMC Stock Holdings by 15.8% during the 3rd quarter. SG Americas Securities LLC now owns 22,153 shares of the company’s stock worth $473,000 after purchasing an additional 3,027 shares during the period. Finally, Worth Venture Partners LLC boosted its stake in BMC Stock Holdings by 15.8% during the 2nd quarter. Worth Venture Partners LLC now owns 24,962 shares of the company’s stock worth $545,000 after purchasing an additional 3,410 shares during the period.
BMC Stock Holdings, Inc. (NASDAQ BMCH) traded up $0.20 during mid-day trading on Monday, hitting $22.95. 80,208 shares of the stock traded hands, compared to its average volume of 555,578. BMC Stock Holdings, Inc. has a one year low of $17.45 and a one year high of $23.90. The firm has a market cap of $1,540.00, a PE ratio of 23.21 and a beta of 1.48. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.29 and a quick ratio of 1.38.
BMC Stock Holdings (NASDAQ:BMCH) last released its earnings results on Monday, November 6th. The company reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.01). BMC Stock Holdings had a return on equity of 9.42% and a net margin of 1.53%. The firm had revenue of $881.01 million during the quarter, compared to analyst estimates of $888.09 million. During the same quarter last year, the business posted $0.32 EPS. The firm’s revenue was up 7.3% on a year-over-year basis. equities research analysts forecast that BMC Stock Holdings, Inc. will post 0.98 earnings per share for the current year.
In other news, insider James F. Jr. Major sold 20,000 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $20.24, for a total value of $404,800.00. Following the completion of the transaction, the insider now owns 176,482 shares in the company, valued at approximately $3,571,995.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Alan Farmer sold 2,000 shares of the stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $22.20, for a total transaction of $44,400.00. The disclosure for this sale can be found here. Insiders sold a total of 125,000 shares of company stock valued at $2,689,440 in the last 90 days. Company insiders own 3.70% of the company’s stock.
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A number of brokerages recently weighed in on BMCH. Royal Bank Of Canada reiterated a “buy” rating and set a $26.00 price target on shares of BMC Stock Holdings in a research note on Wednesday, November 15th. B. Riley reiterated a “buy” rating and set a $25.00 price target (up previously from $22.00) on shares of BMC Stock Holdings in a research note on Tuesday, November 7th. Robert W. Baird reiterated a “buy” rating and set a $23.00 price target on shares of BMC Stock Holdings in a research note on Monday, October 9th. Zacks Investment Research cut shares of BMC Stock Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Finally, Barclays PLC reduced their target price on shares of BMC Stock Holdings from $24.00 to $22.00 and set an “overweight” rating for the company in a research note on Friday, August 4th. One analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. BMC Stock Holdings currently has a consensus rating of “Buy” and an average target price of $24.00.
BMC Stock Holdings Profile
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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