BMC Stock Holdings Inc (NASDAQ:BMCH) Sees Large Decline in Short Interest

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BMC Stock Holdings Inc (NASDAQ:BMCH) was the recipient of a large decline in short interest in May. As of May 31st, there was short interest totalling 2,833,500 shares, a decline of 6.2% from the April 30th total of 3,020,700 shares. Based on an average trading volume of 484,500 shares, the short-interest ratio is presently 5.8 days. Currently, 4.3% of the company’s stock are short sold.

Shares of BMC Stock stock traded down $0.44 during mid-day trading on Wednesday, reaching $20.40. 155,496 shares of the stock traded hands, compared to its average volume of 450,738. BMC Stock has a fifty-two week low of $14.66 and a fifty-two week high of $23.15. The stock has a market capitalization of $1.38 billion, a P/E ratio of 10.97, a PEG ratio of 2.76 and a beta of 1.14. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.37 and a quick ratio of 1.51.

BMC Stock (NASDAQ:BMCH) last announced its earnings results on Wednesday, May 1st. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.11. BMC Stock had a return on equity of 15.62% and a net margin of 3.40%. The business had revenue of $825.40 million during the quarter, compared to analysts’ expectations of $798.04 million. During the same quarter in the prior year, the firm earned $0.29 earnings per share. The business’s revenue was down 1.1% compared to the same quarter last year. As a group, research analysts anticipate that BMC Stock will post 1.51 EPS for the current fiscal year.

In related news, insider David E. Flitman purchased 9,000 shares of BMC Stock stock in a transaction dated Wednesday, May 8th. The stock was purchased at an average cost of $22.49 per share, with a total value of $202,410.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Carl R. Vertuca, Jr. sold 5,000 shares of the company’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $20.00, for a total value of $100,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,500 shares of company stock valued at $374,800. Corporate insiders own 1.20% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Janus Henderson Group PLC raised its holdings in BMC Stock by 8.0% during the 1st quarter. Janus Henderson Group PLC now owns 12,178 shares of the company’s stock worth $215,000 after purchasing an additional 906 shares during the last quarter. Alps Advisors Inc. boosted its holdings in shares of BMC Stock by 5.7% in the 1st quarter. Alps Advisors Inc. now owns 22,226 shares of the company’s stock worth $393,000 after buying an additional 1,207 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in shares of BMC Stock by 9.0% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 14,750 shares of the company’s stock worth $228,000 after buying an additional 1,214 shares during the last quarter. Investors Research Corp purchased a new position in shares of BMC Stock in the 1st quarter worth about $25,000. Finally, Legal & General Group Plc boosted its holdings in shares of BMC Stock by 6.1% in the 4th quarter. Legal & General Group Plc now owns 26,135 shares of the company’s stock worth $405,000 after buying an additional 1,510 shares during the last quarter.

BMCH has been the topic of several recent analyst reports. Buckingham Research initiated coverage on BMC Stock in a research report on Monday, February 25th. They set a “buy” rating and a $22.00 target price on the stock. ValuEngine raised BMC Stock from a “sell” rating to a “hold” rating in a report on Thursday, February 28th. DA Davidson set a $20.00 price objective on BMC Stock and gave the company a “hold” rating in a report on Thursday, February 28th. Royal Bank of Canada set a $20.00 price objective on BMC Stock and gave the company a “hold” rating in a report on Friday, March 1st. Finally, Credit Suisse Group set a $20.00 price objective on BMC Stock and gave the company a “hold” rating in a report on Friday, March 1st. Twelve analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $22.13.

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BMC Stock Company Profile

BMC Stock Holdings, Inc distributes lumber and building materials to new construction, and repair and remodeling contractors in the United States. Its products comprise structural components, such as floor and 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 trims, custom millworks, moldings, stairs and stair parts, and cabinetry and other products.

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