Rhumbline Advisers Grows Stake in BMC Stock Holdings Inc (NASDAQ:BMCH)

Rhumbline Advisers grew its holdings in BMC Stock Holdings Inc (NASDAQ:BMCH) by 9.9% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 108,095 shares of the company’s stock after acquiring an additional 9,733 shares during the quarter. Rhumbline Advisers’ holdings in BMC Stock were worth $2,830,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bank of Montreal Can purchased a new position in shares of BMC Stock in the 2nd quarter valued at about $2,701,000. Parametric Portfolio Associates LLC increased its holdings in shares of BMC Stock by 29.8% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 165,514 shares of the company’s stock valued at $3,509,000 after acquiring an additional 37,965 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of BMC Stock by 103.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 60,215 shares of the company’s stock valued at $1,277,000 after acquiring an additional 30,659 shares during the last quarter. Convergence Investment Partners LLC increased its holdings in shares of BMC Stock by 289.6% in the 3rd quarter. Convergence Investment Partners LLC now owns 41,190 shares of the company’s stock valued at $1,078,000 after acquiring an additional 30,617 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of BMC Stock by 315.7% in the 2nd quarter. Renaissance Technologies LLC now owns 573,700 shares of the company’s stock valued at $12,162,000 after acquiring an additional 435,700 shares during the last quarter. Institutional investors and hedge funds own 98.98% of the company’s stock.

In other BMC Stock news, insider James F. Jr. Major sold 13,300 shares of the stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $28.03, for a total transaction of $372,799.00. Also, insider James F. Jr. Major sold 47,263 shares of the stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $28.57, for a total value of $1,350,303.91. Insiders have sold a total of 97,600 shares of company stock worth $2,674,083 in the last 90 days. 1.20% of the stock is currently owned by company insiders.

NASDAQ:BMCH traded up $0.08 during mid-day trading on Tuesday, reaching $28.06. 6,157 shares of the stock were exchanged, compared to its average volume of 455,241. The company has a 50 day simple moving average of $26.81 and a 200-day simple moving average of $23.55. The stock has a market capitalization of $1.88 billion, a P/E ratio of 15.12 and a beta of 0.91. The company has a quick ratio of 1.52, a current ratio of 2.32 and a debt-to-equity ratio of 0.48. BMC Stock Holdings Inc has a 1 year low of $14.66 and a 1 year high of $28.97.

BMC Stock (NASDAQ:BMCH) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The firm had revenue of $964.25 million for the quarter, compared to the consensus estimate of $947.70 million. BMC Stock had a return on equity of 13.87% and a net margin of 3.28%. The firm’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.58 EPS. As a group, research analysts predict that BMC Stock Holdings Inc will post 1.71 EPS for the current year.

BMCH has been the topic of a number of recent analyst reports. Evercore ISI upgraded BMC Stock from an “in-line” rating to an “outperform” rating in a report on Friday, August 9th. Royal Bank of Canada upgraded BMC Stock from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $25.00 to $29.00 in a research note on Tuesday, October 15th. Wedbush raised their price target on BMC Stock from $25.00 to $30.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. They noted that the move was a valuation call. BidaskClub downgraded BMC Stock from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Finally, B. Riley raised their price target on BMC Stock from $28.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Seven analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $26.50.

About BMC Stock

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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