Acadian Asset Management LLC purchased a new position in shares of Boise Cascade, L.L.C. (NYSE:BCC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 80,778 shares of the construction company’s stock, valued at approximately $2,456,000. Acadian Asset Management LLC owned approximately 0.21% of Boise Cascade, L.L.C. at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC purchased a new position in Boise Cascade, L.L.C. during the first quarter worth $110,000. State of Alaska Department of Revenue raised its position in Boise Cascade, L.L.C. by 1.4% in the first quarter. State of Alaska Department of Revenue now owns 4,250 shares of the construction company’s stock worth $113,000 after buying an additional 60 shares during the last quarter. FNY Partners Fund LP purchased a new position in Boise Cascade, L.L.C. during the first quarter worth $125,000. SG Americas Securities LLC purchased a new position in Boise Cascade, L.L.C. during the first quarter worth $136,000. Finally, First Interstate Bank raised its position in Boise Cascade, L.L.C. by 26.6% in the first quarter. First Interstate Bank now owns 6,280 shares of the construction company’s stock worth $168,000 after buying an additional 1,320 shares during the last quarter. 97.38% of the stock is currently owned by institutional investors.

Shares of Boise Cascade, L.L.C. (NYSE:BCC) traded up 1.744% during mid-day trading on Monday, reaching $30.625. 78,171 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $29.66 and its 200-day moving average price is $28.15. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 25.735 and a beta of 2.05. Boise Cascade, L.L.C. has a 12-month low of $17.80 and a 12-month high of $33.40.

Boise Cascade, L.L.C. (NYSE:BCC) last posted its earnings results on Thursday, July 27th. The construction company reported $0.57 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by $0.04. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.13 billion. Boise Cascade, L.L.C. had a net margin of 1.13% and a return on equity of 8.32%. Boise Cascade, L.L.C.’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.49 EPS. Equities research analysts forecast that Boise Cascade, L.L.C. will post $1.63 earnings per share for the current year.

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A number of research analysts recently weighed in on BCC shares. TheStreet raised shares of Boise Cascade, L.L.C. from a “c” rating to a “b” rating in a research report on Friday, May 5th. BidaskClub raised shares of Boise Cascade, L.L.C. from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. Zacks Investment Research raised shares of Boise Cascade, L.L.C. from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Finally, BMO Capital Markets reissued a “hold” rating and set a $33.00 price target on shares of Boise Cascade, L.L.C. in a research report on Thursday, July 20th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $31.50.

In other Boise Cascade, L.L.C. news, EVP Nick Stokes sold 4,227 shares of the company’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $32.35, for a total transaction of $136,743.45. Following the transaction, the executive vice president now owns 63,753 shares in the company, valued at approximately $2,062,409.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Kelly E. Hibbs sold 1,511 shares of the company’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $31.50, for a total transaction of $47,596.50. Following the transaction, the vice president now owns 25,868 shares in the company, valued at approximately $814,842. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

About Boise Cascade, L.L.C.

Boise Cascade Company is an integrated wood products manufacturer and building materials distributor with operations throughout the United States and one manufacturing facility in Canada. The Company is also a producer of engineered wood products (EWP) and plywood in North America. The Company operates through three segments: Wood Products, Building Materials Distribution, and Corporate and Other.

Institutional Ownership by Quarter for Boise Cascade, L.L.C. (NYSE:BCC)

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