California Public Employees Retirement System cut its holdings in shares of BMC Stock Holdings Inc (NASDAQ:BMCH) by 12.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 204,980 shares of the company’s stock after selling 27,820 shares during the period. California Public Employees Retirement System owned about 0.30% of BMC Stock worth $4,274,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Macquarie Group Ltd. acquired a new stake in shares of BMC Stock during the second quarter valued at about $161,000. First Interstate Bank grew its stake in shares of BMC Stock by 47.9% during the second quarter. First Interstate Bank now owns 8,625 shares of the company’s stock valued at $180,000 after acquiring an additional 2,795 shares in the last quarter. Xact Kapitalforvaltning AB acquired a new stake in shares of BMC Stock during the first quarter valued at about $230,000. Paloma Partners Management Co acquired a new stake in shares of BMC Stock during the second quarter valued at about $232,000. Finally, Raymond James & Associates acquired a new stake in shares of BMC Stock during the second quarter valued at about $236,000.
Shares of BMCH stock opened at $16.50 on Friday. The company has a current ratio of 2.17, a quick ratio of 1.26 and a debt-to-equity ratio of 0.44. BMC Stock Holdings Inc has a one year low of $16.24 and a one year high of $25.70. The stock has a market cap of $1.18 billion, a PE ratio of 16.42, a P/E/G ratio of 2.23 and a beta of 1.47.
In other news, Director Carl R. Vertuca, Jr. sold 10,000 shares of the stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $23.00, for a total transaction of $230,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.20% of the company’s stock.
Several brokerages have recently weighed in on BMCH. Wedbush set a $25.00 target price on BMC Stock and gave the company a “buy” rating in a research note on Tuesday, October 2nd. ValuEngine downgraded BMC Stock from a “hold” rating to a “sell” rating in a research note on Wednesday, September 26th. Stephens downgraded BMC Stock from an “overweight” rating to an “equal” rating and set a $19.00 target price for the company. in a research note on Thursday. Goldman Sachs Group began coverage on BMC Stock in a research note on Tuesday, October 2nd. They set a “neutral” rating and a $21.00 target price for the company. Finally, BidaskClub upgraded BMC Stock from a “sell” rating to a “hold” rating in a research note on Tuesday, August 21st. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $23.75.
BMC Stock Profile
BMC Stock Holdings, Inc operates as lumber and building materials distributor and solutions provider in the United States. Its primary products include structural components, such as floor trusses, roof trusses, wall panels, and engineered wood products; lumber and lumber sheet goods, including dimensional lumber, plywood, and oriented strand board products used in on-site house framing under the Ready-Frame brand; and millwork, doors, and windows comprising interior and exterior doors, windows, interior trim, custom millwork, moldings, stairs and stair parts, and cabinetry and other products.
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