Price Michael F lowered its stake in shares of BMC Stock Holdings Inc (NASDAQ:BMCH) by 15.7% during the 4th quarter, Holdings Channel reports. The firm owned 1,800,000 shares of the company’s stock after selling 336,386 shares during the quarter. BMC Stock makes up 5.7% of Price Michael F’s holdings, making the stock its 3rd biggest position. Price Michael F’s holdings in BMC Stock were worth $45,540,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of BMC Stock by 1.3% during the 4th quarter. BlackRock Inc. now owns 4,169,075 shares of the company’s stock valued at $105,476,000 after purchasing an additional 52,667 shares during the last quarter. Frontier Capital Management Co. LLC grew its position in BMC Stock by 4.0% in the 4th quarter. Frontier Capital Management Co. LLC now owns 3,793,555 shares of the company’s stock valued at $95,977,000 after acquiring an additional 145,067 shares during the last quarter. Ruane Cunniff & Goldfarb Inc. bought a new position in BMC Stock in the 3rd quarter valued at $55,510,000. Vanguard Group Inc. grew its position in BMC Stock by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 2,558,236 shares of the company’s stock valued at $55,897,000 after acquiring an additional 51,273 shares during the last quarter. Finally, Boston Partners grew its position in BMC Stock by 3.4% in the 4th quarter. Boston Partners now owns 2,016,514 shares of the company’s stock valued at $51,018,000 after acquiring an additional 66,361 shares during the last quarter.
Shares of BMC Stock Holdings Inc (NASDAQ:BMCH) opened at $19.00 on Wednesday. BMC Stock Holdings Inc has a 1-year low of $18.20 and a 1-year high of $25.70. The firm has a market capitalization of $1,330.69, a price-to-earnings ratio of 25.33 and a beta of 1.28. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.29 and a quick ratio of 1.38.
Several equities analysts have commented on BMCH shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $25.00 price objective (up previously from $23.00) on shares of BMC Stock in a research report on Tuesday, November 7th. B. Riley reaffirmed a “buy” rating and issued a $25.00 price objective (up previously from $22.00) on shares of BMC Stock in a research report on Tuesday, November 7th. TheStreet raised BMC Stock from a “c” rating to a “b-” rating in a research report on Friday, December 1st. BidaskClub downgraded BMC Stock from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Finally, Zacks Investment Research raised BMC Stock from a “sell” rating to a “hold” rating and set a $27.00 price objective on the stock in a research report on Friday, January 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $23.50.
In related news, Director Jeffrey Gene Rea sold 75,000 shares of the company’s stock in a transaction on Tuesday, December 26th. The stock was sold at an average price of $25.00, for a total transaction of $1,875,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Keith Costello acquired 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The shares were bought at an average price of $23.13 per share, with a total value of $346,950.00. The disclosure for this purchase can be found here. 3.70% of the stock is currently owned by corporate insiders.
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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.
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