IndexIQ Advisors LLC raised its stake in shares of BMC Stock Holdings, Inc. (NASDAQ:BMCH) by 83.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,353 shares of the company’s stock after buying an additional 17,401 shares during the period. IndexIQ Advisors LLC owned 0.06% of BMC Stock Holdings worth $819,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ameritas Investment Partners Inc. raised its holdings in BMC Stock Holdings by 20.8% during the second quarter. Ameritas Investment Partners Inc. now owns 5,748 shares of the company’s stock valued at $126,000 after buying an additional 989 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in BMC Stock Holdings by 2,853.3% during the second quarter. BNP Paribas Arbitrage SA now owns 7,147 shares of the company’s stock valued at $156,000 after buying an additional 6,905 shares in the last quarter. UBS Asset Management Americas Inc. bought a new position in BMC Stock Holdings during the first quarter valued at about $209,000. Aperio Group LLC bought a new position in BMC Stock Holdings during the third quarter valued at about $209,000. Finally, Koch Industries Inc. bought a new position in BMC Stock Holdings during the second quarter valued at about $244,000.
Several equities analysts have weighed in on BMCH shares. Robert W. Baird restated a “buy” rating and set a $23.00 target price on shares of BMC Stock Holdings in a report on Sunday, September 10th. FBR & Co cut their target price on BMC Stock Holdings from $26.00 to $22.00 and set a “buy” rating on the stock in a report on Tuesday, August 22nd. Royal Bank Of Canada restated an “outperform” rating and set a $25.00 target price (up from $23.00) on shares of BMC Stock Holdings in a report on Tuesday, November 7th. Barclays PLC cut their target price on BMC Stock Holdings from $24.00 to $22.00 and set an “overweight” rating on the stock in a report on Friday, August 4th. Finally, Zacks Investment Research lowered BMC Stock Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. BMC Stock Holdings has an average rating of “Buy” and a consensus target price of $23.83.
In related news, insider Peter Alexander sold 28,000 shares of the business’s stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $21.08, for a total transaction of $590,240.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Jeffrey Gene Rea sold 75,000 shares of the business’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $22.00, for a total value of $1,650,000.00. The disclosure for this sale can be found here. Insiders sold 123,000 shares of company stock worth $2,645,040 over the last quarter. 3.70% of the stock is currently owned by corporate insiders.
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BMC Stock Holdings, Inc. (NASDAQ BMCH) opened at $22.60 on Monday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.29 and a quick ratio of 1.38. The company has a market capitalization of $1,515.05, a PE ratio of 23.06 and a beta of 1.49. BMC Stock Holdings, Inc. has a 12 month low of $17.45 and a 12 month high of $23.90.
BMC Stock Holdings (NASDAQ:BMCH) last posted its quarterly earnings data on Monday, November 6th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). The business had revenue of $881.01 million during the quarter, compared to the consensus estimate of $888.09 million. BMC Stock Holdings had a return on equity of 9.42% and a net margin of 1.53%. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.32 earnings per share. research analysts predict that BMC Stock Holdings, Inc. will post 0.98 EPS for the current fiscal year.
BMC Stock Holdings 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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