Alta Fundamental Advisers LLC cut its stake in shares of Builders FirstSource, Inc. (NASDAQ:BLDR) by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 553,700 shares of the company’s stock after selling 7,900 shares during the period. Builders FirstSource makes up 7.4% of Alta Fundamental Advisers LLC’s investment portfolio, making the stock its 5th biggest holding. Alta Fundamental Advisers LLC’s holdings in Builders FirstSource were worth $12,065,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Teachers Advisors LLC raised its stake in Builders FirstSource by 8.1% during the 4th quarter. Teachers Advisors LLC now owns 329,973 shares of the company’s stock valued at $7,190,000 after acquiring an additional 24,859 shares during the last quarter. Paloma Partners Management Co purchased a new stake in Builders FirstSource during the 4th quarter valued at approximately $226,000. California State Teachers Retirement System raised its stake in Builders FirstSource by 12.3% during the 4th quarter. California State Teachers Retirement System now owns 174,043 shares of the company’s stock valued at $3,792,000 after acquiring an additional 19,054 shares during the last quarter. Two Sigma Investments LP raised its stake in Builders FirstSource by 202.8% during the 4th quarter. Two Sigma Investments LP now owns 530,697 shares of the company’s stock valued at $11,564,000 after acquiring an additional 355,461 shares during the last quarter. Finally, Two Sigma Advisers LP raised its stake in Builders FirstSource by 505.8% during the 4th quarter. Two Sigma Advisers LP now owns 128,634 shares of the company’s stock valued at $2,803,000 after acquiring an additional 107,400 shares during the last quarter. 98.01% of the stock is owned by hedge funds and other institutional investors.
In related news, CEO M Chad Crow sold 53,635 shares of the firm’s stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $21.34, for a total value of $1,144,570.90. Following the completion of the transaction, the chief executive officer now directly owns 274,952 shares of the company’s stock, valued at approximately $5,867,475.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Floyd F. Sherman sold 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $21.24, for a total value of $2,124,000.00. Following the completion of the transaction, the director now directly owns 481,834 shares of the company’s stock, valued at $10,234,154.16. The disclosure for this sale can be found here. Insiders sold a total of 215,607 shares of company stock valued at $4,587,751 over the last ninety days. 14.60% of the stock is currently owned by company insiders.
Builders FirstSource, Inc. (BLDR) opened at $21.64 on Tuesday. The stock has a market capitalization of $2,440.00, a P/E ratio of 65.58 and a beta of 2.05. Builders FirstSource, Inc. has a one year low of $13.33 and a one year high of $23.28. The company has a debt-to-equity ratio of 4.71, a quick ratio of 0.99 and a current ratio of 1.75.
Builders FirstSource (NASDAQ:BLDR) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.23. Builders FirstSource had a return on equity of 39.79% and a net margin of 0.55%. The firm had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same period last year, the business posted $0.16 EPS. Builders FirstSource’s quarterly revenue was up 15.0% on a year-over-year basis. research analysts anticipate that Builders FirstSource, Inc. will post 1.79 earnings per share for the current year.
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About Builders FirstSource
Builders FirstSource, Inc is a supplier and manufacturer of building materials, manufactured components and construction services to professional contractors, sub-contractors, remodelers and consumers. The Company’s operating segments include Northeast, Southeast, South and West. As of December 31, 2016, it operated at 400 locations in 40 states across the United States.
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