Zacks Investment Research Downgrades Select Interior Concepts (SIC) to Sell
Zacks Investment Research cut shares of Select Interior Concepts (NYSE:SIC) from a hold rating to a sell rating in a research report released on Saturday morning.
According to Zacks, “Select Interior Concepts, Inc. provides interior surface products for residential and commercial builders. The Company offers natural and engineered stone slabs, cabinetry, bathroom countertops, wall tiles, shower enclosures, towel bars and rings, paper holders, medicine cabinets and mirrors. Its primary operating subsidiaries and segments consists of Residential Design Services and Architectural Surfaces Group. Select Interior Concepts, Inc. is based in CA, United States. “
Separately, B. Riley reiterated a buy rating and issued a $19.00 price objective on shares of Select Interior Concepts in a research note on Thursday, August 16th.
Select Interior Concepts (NYSE:SIC) last released its quarterly earnings data on Tuesday, November 13th. The company reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.28). The firm had revenue of $127.55 million for the quarter, compared to analysts’ expectations of $131.60 million.
In other news, insider Solace Capital Partners, L.P. purchased 500,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 25th. The shares were bought at an average price of $10.20 per share, for a total transaction of $5,100,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Brc Partners Opportunity Fund, purchased 66,279 shares of the company’s stock in a transaction that occurred on Monday, October 8th. The shares were purchased at an average price of $10.55 per share, for a total transaction of $699,243.45. The disclosure for this purchase can be found here. Insiders bought 650,197 shares of company stock worth $6,622,811 in the last quarter.
A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in Select Interior Concepts during the third quarter valued at $238,000. Redmond Asset Management LLC acquired a new stake in Select Interior Concepts during the third quarter valued at $846,000. PointState Capital LP acquired a new stake in Select Interior Concepts during the third quarter valued at $6,410,000. Wasatch Advisors Inc. acquired a new stake in Select Interior Concepts during the third quarter valued at $8,100,000. Finally, B. Riley Financial Inc. acquired a new stake in Select Interior Concepts during the third quarter valued at $27,511,000.
About Select Interior Concepts
There is no company description available for Select Interior Concepts Inc
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