Gilder Gagnon Howe & Co. LLC decreased its stake in shares of BMC Stock Holdings, Inc. (NASDAQ:BMCH) by 19.4% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 998,943 shares of the company’s stock after selling 239,730 shares during the period. Gilder Gagnon Howe & Co. LLC owned 1.49% of BMC Stock Holdings worth $21,827,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the stock. Clinton Group Inc. boosted its position in shares of BMC Stock Holdings by 91.0% in the first quarter. Clinton Group Inc. now owns 32,536 shares of the company’s stock valued at $735,000 after buying an additional 15,505 shares during the period. Tudor Investment Corp ET AL boosted its position in shares of BMC Stock Holdings by 113.4% in the first quarter. Tudor Investment Corp ET AL now owns 73,109 shares of the company’s stock valued at $1,652,000 after buying an additional 38,843 shares during the period. State Board of Administration of Florida Retirement System purchased a new position in shares of BMC Stock Holdings during the fourth quarter valued at about $244,000. Renaissance Technologies LLC boosted its position in shares of BMC Stock Holdings by 662.1% in the first quarter. Renaissance Technologies LLC now owns 731,600 shares of the company’s stock valued at $16,534,000 after buying an additional 635,600 shares during the period. Finally, Airain ltd purchased a new position in shares of BMC Stock Holdings during the first quarter valued at about $1,295,000. Institutional investors own 98.47% of the company’s stock.

Shares of BMC Stock Holdings, Inc. (NASDAQ BMCH) opened at 20.40 on Tuesday. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 33.22 and a beta of 1.47. BMC Stock Holdings, Inc. has a 1-year low of $15.45 and a 1-year high of $23.90. The stock’s 50 day moving average price is $21.83 and its 200 day moving average price is $21.27.

BMC Stock Holdings (NASDAQ:BMCH) last issued its earnings results on Thursday, August 3rd. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.37 by $0.03. The business had revenue of $886.38 million for the quarter, compared to the consensus estimate of $871.51 million. BMC Stock Holdings had a net margin of 1.28% and a return on equity of 9.29%. The business’s revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.32 EPS. Analysts expect that BMC Stock Holdings, Inc. will post $1.10 EPS for the current year.

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Several equities analysts have recently issued reports on BMCH shares. Zacks Investment Research cut BMC Stock Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, May 9th. Barclays PLC reduced their price objective on BMC Stock Holdings from $24.00 to $22.00 and set an “overweight” rating for the company in a research note on Friday. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $24.00 price objective on shares of BMC Stock Holdings in a research note on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $24.40.

About BMC Stock Holdings

BMC Stock Holdings, Inc is a provider of building products and services in the United States residential construction market. The Company’s segments include Mid-Atlantic, Southeast, Texas, Intermountain, Western and Mountain West divisions. Its product offerings include lumber and lumber sheet goods and an array of products, including millwork, doors, windows, structural components, floor and roof trusses and wall panels.

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

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