Wells Fargo & Company MN Increases Position in Select Interior Concepts, Inc. (NASDAQ:SIC)

Wells Fargo & Company MN increased its stake in shares of Select Interior Concepts, Inc. (NASDAQ:SIC) by 875.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 15,864 shares of the company’s stock after buying an additional 14,238 shares during the quarter. Wells Fargo & Company MN’s holdings in Select Interior Concepts were worth $114,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in SIC. Brinker Capital Investments LLC purchased a new position in shares of Select Interior Concepts in the third quarter valued at $276,000. Monarch Partners Asset Management LLC purchased a new position in Select Interior Concepts during the fourth quarter worth about $1,037,000. Finally, BlackRock Inc. increased its position in shares of Select Interior Concepts by 0.9% in the fourth quarter. BlackRock Inc. now owns 371,015 shares of the company’s stock worth $2,652,000 after purchasing an additional 3,451 shares during the last quarter. 50.49% of the stock is owned by hedge funds and other institutional investors.

SIC has been the subject of a number of recent research reports. Zacks Investment Research downgraded Select Interior Concepts from a “buy” rating to a “hold” rating in a research report on Saturday. B. Riley lifted their target price on shares of Select Interior Concepts from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Tuesday, March 16th.

Shares of NASDAQ:SIC opened at $7.62 on Wednesday. The firm has a market capitalization of $194.39 million, a P/E ratio of -54.43 and a beta of 2.70. The stock has a 50 day moving average price of $7.85 and a 200-day moving average price of $7.82. Select Interior Concepts, Inc. has a 52-week low of $1.92 and a 52-week high of $10.60. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.15 and a current ratio of 2.36.

Select Interior Concepts (NASDAQ:SIC) last announced its quarterly earnings data on Sunday, March 14th. The company reported ($0.13) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.15). The business had revenue of $144.16 million during the quarter, compared to analysts’ expectations of $150.10 million. Select Interior Concepts had a negative return on equity of 2.21% and a negative net margin of 0.61%. On average, equities analysts forecast that Select Interior Concepts, Inc. will post -0.19 EPS for the current fiscal year.

Select Interior Concepts Profile

Select Interior Concepts, Inc, together with its subsidiaries, installs and distributes interior building products for residential interior design services markets in the United States. The company operates through two segments, Residential Design Services and Architectural Surfaces Group. The Residential Design Services segment provides an integrated, outsourced solution for the design, consultation, sourcing, distribution, and installation needs of homebuyer customers.

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Institutional Ownership by Quarter for Select Interior Concepts (NASDAQ:SIC)

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