Goldman Sachs Group Inc. Lowers Position in BMC Stock Holdings, Inc. (BMCH)
Goldman Sachs Group Inc. decreased its stake in BMC Stock Holdings, Inc. (NASDAQ:BMCH) by 63.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 253,255 shares of the company’s stock after selling 443,324 shares during the period. Goldman Sachs Group Inc. owned approximately 0.38% of BMC Stock Holdings worth $5,724,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in BMCH. State Street Corp boosted its position in BMC Stock Holdings by 4.1% in the fourth quarter. State Street Corp now owns 926,990 shares of the company’s stock valued at $18,077,000 after buying an additional 36,313 shares during the period. Tudor Investment Corp ET AL boosted its position in BMC Stock Holdings by 113.4% in the first quarter. Tudor Investment Corp ET AL now owns 73,109 shares of the company’s stock valued at $1,652,000 after buying an additional 38,843 shares during the period. Clinton Group Inc. boosted its position in shares of BMC Stock Holdings by 91.0% in the first quarter. Clinton Group Inc. now owns 32,536 shares of the company’s stock worth $735,000 after buying an additional 15,505 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of BMC Stock Holdings by 662.1% in the first quarter. Renaissance Technologies LLC now owns 731,600 shares of the company’s stock worth $16,534,000 after buying an additional 635,600 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System bought a new position in shares of BMC Stock Holdings during the fourth quarter worth about $244,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.
BMC Stock Holdings, Inc. (NASDAQ:BMCH) traded up 0.25% during mid-day trading on Friday, hitting $20.00. The company’s stock had a trading volume of 679,722 shares. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 32.84 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 firm has a 50 day moving average of $21.35 and a 200-day moving average of $21.41.
BMC Stock Holdings (NASDAQ:BMCH) last announced its earnings results on Thursday, August 3rd. The company reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by $0.03. BMC Stock Holdings had a net margin of 1.28% and a return on equity of 9.20%. The business had revenue of $886.38 million for the quarter, compared to analysts’ expectations of $871.51 million. During the same period in the prior year, the company posted $0.32 earnings per share. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. On average, equities research analysts expect that BMC Stock Holdings, Inc. will post $1.08 EPS for the current fiscal year.
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A number of research firms recently weighed in on BMCH. Zacks Investment Research cut BMC Stock Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Barclays PLC dropped their price target on BMC Stock Holdings from $24.00 to $22.00 and set an “overweight” rating for the company in a report on Friday, August 4th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $24.00 price target on shares of BMC Stock Holdings in a report on Wednesday, June 7th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $24.40.
In other news, insider Lisa M. Hamblet sold 12,812 shares of the stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $20.82, for a total value of $266,745.84. Following the completion of the sale, the insider now directly owns 74,133 shares of the company’s stock, valued at $1,543,449.06. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 3.70% of the company’s stock.
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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