Schwab Charles Investment Management Inc. Increases Holdings in BMC Stock Holdings Inc (BMCH)

Schwab Charles Investment Management Inc. grew its position in BMC Stock Holdings Inc (NASDAQ:BMCH) by 11.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 345,571 shares of the company’s stock after acquiring an additional 35,066 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.52% of BMC Stock worth $7,378,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in BMCH. Rhumbline Advisers lifted its position in shares of BMC Stock by 30.8% in the 2nd quarter. Rhumbline Advisers now owns 77,646 shares of the company’s stock worth $1,697,000 after acquiring an additional 18,287 shares during the period. SG Americas Securities LLC bought a new position in shares of BMC Stock during the 2nd quarter worth approximately $418,000. Bank of New York Mellon Corp lifted its position in shares of BMC Stock by 3.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,065,105 shares of the company’s stock worth $23,273,000 after buying an additional 36,409 shares during the period. Legal & General Group Plc lifted its position in shares of BMC Stock 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 buying an additional 2,108 shares during the period. Finally, BNP Paribas Arbitrage SA lifted its position in shares of BMC Stock by 2,853.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,147 shares of the company’s stock worth $156,000 after buying an additional 6,905 shares during the period.

In related news, insider Peter Alexander sold 28,000 shares of the firm’s stock in a transaction on Monday, October 9th. The stock was sold at an average price of $21.08, for a total transaction of $590,240.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michael Alan Farmer sold 2,000 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $22.20, for a total value of $44,400.00. The disclosure for this sale can be found here. Insiders have sold a total of 255,000 shares of company stock valued at $5,884,640 over the last ninety days. Insiders own 3.70% of the company’s stock.

BMCH has been the subject of several analyst reports. TheStreet upgraded BMC Stock from a “c” rating to a “b-” rating in a research report on Friday, December 1st. BidaskClub downgraded BMC Stock from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Royal Bank of Canada restated a “buy” rating and set a $26.00 target price on shares of BMC Stock in a research report on Wednesday, November 15th. B. Riley restated a “buy” rating and set a $25.00 target price (up previously from $22.00) on shares of BMC Stock in a research report on Tuesday, November 7th. Finally, Robert W. Baird restated a “buy” rating and set a $23.00 target price on shares of BMC Stock in a research report on Monday, October 9th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $24.17.

BMC Stock Holdings Inc (BMCH) opened at $24.30 on Friday. The company has a current ratio of 2.29, a quick ratio of 1.38 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $1,630.00, a P/E ratio of 32.40 and a beta of 1.50. BMC Stock Holdings Inc has a 52-week low of $17.45 and a 52-week high of $25.70.

BMC Stock (NASDAQ:BMCH) last released its quarterly earnings results on Monday, November 6th. The company reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.01). BMC Stock had a net margin of 1.53% and a return on equity of 9.42%. The business had revenue of $881.01 million for the quarter, compared to analyst estimates of $888.09 million. During the same period in the prior year, the business earned $0.32 earnings per share. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. analysts forecast that BMC Stock Holdings Inc will post 0.98 earnings per share for the current fiscal year.

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BMC Stock 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.

Institutional Ownership by Quarter for BMC Stock (NASDAQ:BMCH)

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