Vanguard Group Inc. boosted its position in shares of BMC Stock Holdings, Inc. (NASDAQ:BMCH) by 18.1% during the first quarter, Holdings Channel reports. The firm owned 2,506,963 shares of the company’s stock after buying an additional 383,321 shares during the period. Vanguard Group Inc.’s holdings in BMC Stock Holdings were worth $56,658,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Menta Capital LLC boosted its position in shares of BMC Stock Holdings by 159.8% in the first quarter. Menta Capital LLC now owns 204,407 shares of the company’s stock worth $4,620,000 after buying an additional 125,723 shares during the period. Marshall Wace North America L.P. purchased a new position in shares of BMC Stock Holdings during the first quarter worth about $10,890,000. MARSHALL WACE ASIA Ltd purchased a new position in shares of BMC Stock Holdings during the first quarter worth about $10,890,000. Loomis Sayles & Co. L P purchased a new position in shares of BMC Stock Holdings during the first quarter worth about $3,754,000. Finally, Croft Leominster Inc. boosted its position in shares of BMC Stock Holdings by 15.8% in the first quarter. Croft Leominster Inc. now owns 44,000 shares of the company’s stock worth $994,000 after buying an additional 6,000 shares during the period. 98.47% of the stock is currently owned by institutional investors and hedge funds.
BMC Stock Holdings, Inc. (NASDAQ:BMCH) traded up 0.98% during mid-day trading on Tuesday, hitting $20.60. 28,738 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $21.83 and its 200-day moving average price is $21.27. The stock has a market cap of $1.38 billion, a PE ratio of 33.55 and a beta of 1.47. BMC Stock Holdings, Inc. has a 12 month low of $15.45 and a 12 month high of $23.90.
BMC Stock Holdings (NASDAQ:BMCH) last announced its earnings results on Thursday, August 3rd. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by $0.03. The company had revenue of $886.38 million for the quarter, compared to the consensus estimate of $871.51 million. BMC Stock Holdings had a net margin of 1.28% and a return on equity of 9.29%. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.32 EPS. Equities analysts expect that BMC Stock Holdings, Inc. will post $1.10 EPS for the current fiscal year.
A number of brokerages recently issued reports on BMCH. Barclays PLC decreased their price objective on shares of BMC Stock Holdings from $24.00 to $22.00 and set an “overweight” rating on the stock in a research note on Friday. Royal Bank Of Canada reissued a “buy” rating and issued a $24.00 price objective on shares of BMC Stock Holdings in a research note on Tuesday, July 18th. Finally, Zacks Investment Research cut shares of BMC Stock Holdings from a “hold” rating to a “sell” rating in a research note on Monday, July 10th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $24.40.
BMC Stock Holdings 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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