BMC Stock Holdings Inc (BMCH) Shares Sold by Kennedy Capital Management Inc.
Kennedy Capital Management Inc. lowered its position in BMC Stock Holdings Inc (NASDAQ:BMCH) by 1.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 424,264 shares of the company’s stock after selling 5,803 shares during the period. Kennedy Capital Management Inc.’s holdings in BMC Stock were worth $10,734,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Zions Bancorporation purchased a new position in shares of BMC Stock in the third quarter valued at $110,000. Ameritas Investment Partners Inc. increased its position in shares of BMC Stock by 20.8% in the second quarter. Ameritas Investment Partners Inc. now owns 5,748 shares of the company’s stock valued at $126,000 after buying an additional 989 shares in the last quarter. Pinnacle Associates Ltd. purchased a new position in shares of BMC Stock in the fourth quarter valued at $202,000. Amalgamated Bank purchased a new position in shares of BMC Stock in the fourth quarter valued at $222,000. Finally, Aperio Group LLC purchased a new position in shares of BMC Stock in the third quarter valued at $209,000.
Shares of BMC Stock Holdings Inc (BMCH) opened at $18.55 on Monday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.38 and a current ratio of 2.29. The company has a market capitalization of $1,245.45, a price-to-earnings ratio of 18.37 and a beta of 1.41. BMC Stock Holdings Inc has a 52 week low of $18.20 and a 52 week high of $25.70.
In other BMC Stock news, Director Jeffrey Gene Rea sold 75,000 shares of the firm’s stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $25.00, for a total value of $1,875,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David W. Bullock purchased 5,000 shares of the firm’s stock in a transaction on Thursday, March 1st. The stock was acquired at an average cost of $19.13 per share, for a total transaction of $95,650.00. The disclosure for this purchase can be found here. 3.70% of the stock is owned by company insiders.
A number of brokerages have recently weighed in on BMCH. BidaskClub cut BMC Stock from a “hold” rating to a “sell” rating in a research report on Wednesday, February 14th. Zacks Investment Research lowered BMC Stock from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Royal Bank of Canada set a $23.00 price objective on BMC Stock and gave the company a “buy” rating in a research note on Wednesday, February 14th. TheStreet lowered BMC Stock from a “b-” rating to a “c” rating in a research note on Thursday, February 22nd. Finally, Barclays decreased their price objective on BMC Stock from $28.00 to $24.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $23.67.
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BMC Stock Company Profile
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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