Bank of America Corp DE Grows Stake in BMC Stock Holdings Inc (NASDAQ:BMCH)

Bank of America Corp DE raised its stake in BMC Stock Holdings Inc (NASDAQ:BMCH) by 2.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 312,904 shares of the company’s stock after purchasing an additional 7,618 shares during the quarter. Bank of America Corp DE owned about 0.47% of BMC Stock worth $6,634,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in BMCH. Quantamental Technologies LLC increased its position in shares of BMC Stock by 9.2% during the second quarter. Quantamental Technologies LLC now owns 6,532 shares of the company’s stock worth $138,000 after acquiring an additional 549 shares during the last quarter. Convergence Investment Partners LLC purchased a new stake in shares of BMC Stock during the second quarter worth about $224,000. Fox Run Management L.L.C. purchased a new stake in shares of BMC Stock during the second quarter worth about $244,000. Marshall Wace North America L.P. purchased a new stake in shares of BMC Stock during the first quarter worth about $246,000. Finally, First Quadrant L P CA increased its position in shares of BMC Stock by 1,125.3% during the second quarter. First Quadrant L P CA now owns 12,559 shares of the company’s stock worth $266,000 after acquiring an additional 11,534 shares during the last quarter. 98.95% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:BMCH opened at $25.16 on Friday. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of 13.53 and a beta of 0.90. BMC Stock Holdings Inc has a one year low of $14.66 and a one year high of $26.63. The stock has a 50-day simple moving average of $25.46 and a 200 day simple moving average of $22.27. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.53 and a current ratio of 2.35.



BMC Stock (NASDAQ:BMCH) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.54 EPS for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.03. The business had revenue of $946.38 million during the quarter, compared to the consensus estimate of $934.39 million. BMC Stock had a return on equity of 14.38% and a net margin of 3.31%. The company’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period last year, the firm earned $0.64 earnings per share. On average, equities research analysts forecast that BMC Stock Holdings Inc will post 1.68 EPS for the current fiscal year.

In other BMC Stock news, insider Lisa M. Hamblet sold 1,000 shares of BMC Stock stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $25.55, for a total value of $25,550.00. Also, insider James F. Jr. Major sold 25,037 shares of BMC Stock stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $25.94, for a total value of $649,459.78. Insiders sold 105,133 shares of company stock valued at $2,607,781 over the last quarter. Insiders own 1.20% of the company’s stock.

BMCH has been the topic of a number of analyst reports. Buckingham Research lifted their target price on BMC Stock from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Wedbush lowered BMC Stock from an “outperform” rating to a “neutral” rating and set a $25.00 target price on the stock. in a research report on Thursday, August 8th. Evercore ISI raised BMC Stock from an “in-line” rating to an “outperform” rating in a research report on Friday, August 9th. BidaskClub lowered BMC Stock from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 14th. Finally, SunTrust Banks set a $25.00 target price on BMC Stock and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Eight analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. BMC Stock has an average rating of “Hold” and an average target price of $23.27.

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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Institutional Ownership by Quarter for BMC Stock (NASDAQ:BMCH)

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