Engineers Gate Manager LP purchased a new stake in BMC Stock Holdings Inc (NASDAQ:BMCH) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 40,768 shares of the company’s stock, valued at approximately $850,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new stake in shares of BMC Stock during the 1st quarter valued at $145,000. Silvant Capital Management LLC purchased a new stake in shares of BMC Stock during the 1st quarter valued at $157,000. First Interstate Bank increased its position in shares of BMC Stock by 47.9% during the 2nd quarter. First Interstate Bank now owns 8,625 shares of the company’s stock valued at $180,000 after purchasing an additional 2,795 shares during the last quarter. Trexquant Investment LP purchased a new stake in shares of BMC Stock during the 1st quarter valued at $216,000. Finally, Xact Kapitalforvaltning AB purchased a new stake in shares of BMC Stock during the 1st quarter valued at $230,000. 99.69% of the stock is owned by institutional investors and hedge funds.

BMCH stock opened at $22.45 on Friday. The company has a quick ratio of 1.26, a current ratio of 2.17 and a debt-to-equity ratio of 0.44. The firm has a market cap of $1.50 billion, a PE ratio of 22.01 and a beta of 1.40. BMC Stock Holdings Inc has a fifty-two week low of $17.10 and a fifty-two week high of $25.70.

BMC Stock (NASDAQ:BMCH) last posted its quarterly earnings results on Monday, July 30th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.19. The company had revenue of $998.50 million during the quarter, compared to the consensus estimate of $986.73 million. BMC Stock had a return on equity of 13.32% and a net margin of 2.58%. The firm’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.34 EPS. equities analysts forecast that BMC Stock Holdings Inc will post 1.64 EPS for the current year.

Several equities research analysts have recently issued reports on BMCH shares. ValuEngine lowered BMC Stock from a “hold” rating to a “sell” rating in a research report on Thursday, April 26th. BidaskClub lowered BMC Stock from a “sell” rating to a “strong sell” rating in a research report on Thursday, May 17th. Zacks Investment Research raised BMC Stock from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research report on Tuesday, May 1st. TheStreet raised BMC Stock from a “c+” rating to a “b-” rating in a research report on Thursday, June 14th. Finally, Robert W. Baird lowered BMC Stock from an “outperform” rating to a “neutral” rating in a research report on Tuesday, July 3rd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. BMC Stock presently has a consensus rating of “Hold” and a consensus price target of $24.25.

In other news, Director Carl R. Vertuca, Jr. sold 10,000 shares of the stock in a transaction on Thursday, July 19th. The stock was sold at an average price of $22.00, for a total transaction of $220,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 20,676 shares of company stock valued at $444,399 in the last quarter. 1.20% of the stock is owned by corporate insiders.

BMC Stock Company Profile

BMC Stock Holdings, Inc operates as lumber and building materials distributor and solutions provider in the United States. Its primary products include structural components, such as floor trusses, 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 trim, custom millwork, 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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