BMC Stock Holdings Inc (BMCH) Stake Increased by Worth Venture Partners LLC
Worth Venture Partners LLC boosted its stake in BMC Stock Holdings Inc (NASDAQ:BMCH) by 70.9% during the first quarter, according to its most recent filing with the SEC. The firm owned 21,552 shares of the company’s stock after buying an additional 8,940 shares during the period. Worth Venture Partners LLC’s holdings in BMC Stock Holdings were worth $487,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Acadian Asset Management LLC purchased a new stake in shares of BMC Stock Holdings during the first quarter valued at approximately $140,000. UBS Asset Management Americas Inc. purchased a new stake in shares of BMC Stock Holdings during the first quarter valued at approximately $209,000. TFS Capital LLC purchased a new stake in shares of BMC Stock Holdings during the first quarter valued at approximately $210,000. State Board of Administration of Florida Retirement System purchased a new stake in shares of BMC Stock Holdings during the fourth quarter valued at approximately $244,000. Finally, Trexquant Investment LP purchased a new stake in shares of BMC Stock Holdings during the fourth quarter valued at approximately $322,000. 84.98% of the stock is currently owned by hedge funds and other institutional investors.
BMC Stock Holdings Inc (NASDAQ:BMCH) opened at 20.50 on Monday. BMC Stock Holdings Inc has a 12-month low of $15.45 and a 12-month high of $23.90. The firm has a 50 day moving average price of $22.48 and a 200 day moving average price of $20.33. The company has a market cap of $1.37 billion, a PE ratio of 33.39 and a beta of 1.48.
BMC Stock Holdings (NASDAQ:BMCH) last announced its quarterly earnings data on Monday, May 8th. The company reported $0.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by $0.02. BMC Stock Holdings had a net margin of 0.46% and a return on equity of 8.61%. The business had revenue of $757.70 million during the quarter, compared to analyst estimates of $738.23 million. During the same quarter in the prior year, the company earned $0.08 earnings per share. The company’s quarterly revenue was up 4.2% on a year-over-year basis. On average, analysts anticipate that BMC Stock Holdings Inc will post $1.26 earnings per share for the current fiscal year.
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Several brokerages recently commented on BMCH. Seaport Global Securities began coverage on BMC Stock Holdings in a report on Thursday, March 16th. They set a “buy” rating and a $26.00 target price on the stock. Zacks Investment Research raised BMC Stock Holdings from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Thursday, May 11th. Royal Bank of Canada dropped their target price on BMC Stock Holdings from $28.00 to $26.00 and set an “outperform” rating on the stock in a report on Tuesday, May 9th. Barclays PLC set a $24.00 target price on BMC Stock Holdings and gave the stock a “buy” rating in a report on Monday, May 8th. Finally, FBR & Co reissued an “outperform” rating and set a $26.00 target price (up previously from $21.00) on shares of BMC Stock Holdings in a report on Wednesday, March 8th. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $24.10.
In other BMC Stock Holdings news, Director Jeffrey Gene Rea sold 60,000 shares of the stock in a transaction on Tuesday, March 14th. The shares were sold at an average price of $21.57, for a total value of $1,294,200.00. Following the sale, the director now directly owns 665,360 shares in the company, valued at $14,351,815.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Carl R. Vertuca, Jr. sold 10,000 shares of the stock in a transaction on Friday, March 10th. The stock was sold at an average price of $22.00, for a total transaction of $220,000.00. Following the completion of the sale, the director now owns 104,549 shares in the company, valued at $2,300,078. The disclosure for this sale can be found here. Insiders sold 3,113,744 shares of company stock worth $66,386,643 over the last 90 days. 5.15% of the stock is currently owned by company insiders.
BMC Stock Holdings Company 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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