Select Interior Concepts (SIC) Downgraded by Zacks Investment Research to “Strong Sell”

Select Interior Concepts (NYSE:SIC) was downgraded by Zacks Investment Research from a “buy” rating to a “strong sell” rating in a note issued to investors on Thursday, Zacks.com reports.

According to Zacks, “Select Interior Concepts, Inc. provides interior surface products for residential and commercial builders. The Company offers natural and engineered stone slabs, cabinetry, bathroom countertops, wall tiles, shower enclosures, towel bars and rings, paper holders, medicine cabinets and mirrors. Its primary operating subsidiaries and segments consists of Residential Design Services and Architectural Surfaces Group. Select Interior Concepts, Inc. is based in CA, United States. “

Shares of SIC opened at $13.58 on Thursday. Select Interior Concepts has a 1-year low of $5.94 and a 1-year high of $14.73.



Select Interior Concepts (NYSE:SIC) last announced its earnings results on Friday, March 15th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.36). The firm had revenue of $132.96 million for the quarter, compared to analysts’ expectations of $135.60 million.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Redmond Asset Management LLC boosted its stake in shares of Select Interior Concepts by 2.6% during the 1st quarter. Redmond Asset Management LLC now owns 71,828 shares of the company’s stock valued at $894,000 after purchasing an additional 1,828 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Select Interior Concepts by 12.0% during the 1st quarter. Wells Fargo & Company MN now owns 19,717 shares of the company’s stock valued at $245,000 after purchasing an additional 2,115 shares in the last quarter. ExodusPoint Capital Management LP boosted its stake in shares of Select Interior Concepts by 24.7% during the 1st quarter. ExodusPoint Capital Management LP now owns 16,836 shares of the company’s stock valued at $210,000 after purchasing an additional 3,336 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in Select Interior Concepts during the first quarter worth about $67,000. Finally, Morgan Stanley boosted its stake in Select Interior Concepts by 162.6% during the first quarter. Morgan Stanley now owns 12,001 shares of the company’s stock worth $150,000 after acquiring an additional 7,431 shares in the last quarter.

About Select Interior Concepts

There is no company description available for Select Interior Concepts Inc

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