California Public Employees Retirement System Sells 2,200 Shares of Boise Cascade, L.L.C. (BCC)

California Public Employees Retirement System lessened its position in Boise Cascade, L.L.C. (NYSE:BCC) by 2.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,300 shares of the construction company’s stock after selling 2,200 shares during the period. California Public Employees Retirement System owned 0.19% of Boise Cascade, L.L.C. worth $2,259,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Great West Life Assurance Co. Can increased its holdings in Boise Cascade, L.L.C. by 3.5% in the 2nd quarter. Great West Life Assurance Co. Can now owns 57,086 shares of the construction company’s stock worth $1,733,000 after purchasing an additional 1,912 shares in the last quarter. Chicago Equity Partners LLC acquired a new position in Boise Cascade, L.L.C. in the 2nd quarter worth about $579,000. SG Americas Securities LLC acquired a new position in Boise Cascade, L.L.C. in the 1st quarter worth about $136,000. BlackRock Inc. increased its holdings in Boise Cascade, L.L.C. by 38,826.0% in the 1st quarter. BlackRock Inc. now owns 4,889,878 shares of the construction company’s stock worth $130,560,000 after purchasing an additional 4,877,316 shares in the last quarter. Finally, Aperio Group LLC increased its holdings in Boise Cascade, L.L.C. by 3.9% in the 2nd quarter. Aperio Group LLC now owns 12,258 shares of the construction company’s stock worth $373,000 after purchasing an additional 464 shares in the last quarter. 98.82% of the stock is owned by institutional investors and hedge funds.

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Shares of Boise Cascade, L.L.C. (NYSE BCC) opened at 35.45 on Wednesday. Boise Cascade, L.L.C. has a 52 week low of $17.80 and a 52 week high of $38.85. The firm has a market cap of $1.37 billion, a PE ratio of 29.79 and a beta of 2.08. The stock has a 50 day moving average price of $34.25 and a 200 day moving average price of $30.65.

In other news, Director Thomas E. Carlile sold 17,552 shares of Boise Cascade, L.L.C. stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $31.75, for a total value of $557,276.00. Following the transaction, the director now owns 63,496 shares in the company, valued at $2,015,998. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.00% of the stock is currently owned by insiders.

A number of brokerages have issued reports on BCC. Zacks Investment Research cut Boise Cascade, L.L.C. from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Vertical Research cut Boise Cascade, L.L.C. from a “buy” rating to a “hold” rating and set a $36.00 target price for the company. in a report on Wednesday, October 4th. DA Davidson cut Boise Cascade, L.L.C. from a “buy” rating to a “neutral” rating and set a $36.00 target price for the company. in a report on Tuesday, October 3rd. Bank of America Corporation cut Boise Cascade, L.L.C. from a “buy” rating to a “neutral” rating and upped their target price for the stock from $35.00 to $36.00 in a report on Monday, October 2nd. Finally, Sidoti began coverage on Boise Cascade, L.L.C. in a report on Friday, September 15th. They issued a “buy” rating for the company. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $35.25.

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.

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

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