Balter Liquid Alternatives LLC lessened its holdings in BMC Stock Holdings Inc (NASDAQ:BMCH) by 4.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 52,500 shares of the company’s stock after selling 2,580 shares during the period. BMC Stock makes up 1.3% of Balter Liquid Alternatives LLC’s portfolio, making the stock its 17th biggest position. Balter Liquid Alternatives LLC’s holdings in BMC Stock were worth $1,328,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in the business. Frontier Capital Management Co. LLC increased its holdings in BMC Stock by 4.0% in the 4th quarter. Frontier Capital Management Co. LLC now owns 3,793,555 shares of the company’s stock valued at $95,977,000 after buying an additional 145,067 shares during the period. Ruane Cunniff & Goldfarb Inc. bought a new stake in BMC Stock in the 3rd quarter valued at $55,510,000. Vanguard Group Inc. increased its holdings in BMC Stock by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 2,558,236 shares of the company’s stock valued at $55,897,000 after buying an additional 51,273 shares during the period. Boston Partners increased its holdings in BMC Stock by 3.4% in the 4th quarter. Boston Partners now owns 2,016,514 shares of the company’s stock valued at $51,018,000 after buying an additional 66,361 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in BMC Stock by 26.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,854,388 shares of the company’s stock valued at $39,592,000 after buying an additional 392,741 shares during the period.
In other news, Director Jeffrey Gene Rea sold 1,221 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $23.00, for a total value of $28,083.00. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Keith Costello bought 15,000 shares of BMC Stock stock in a transaction dated Wednesday, December 13th. The stock was purchased at an average price of $23.13 per share, for a total transaction of $346,950.00. The disclosure for this purchase can be found here. Insiders sold a total of 150,000 shares of company stock worth $3,600,000 in the last 90 days. 3.70% of the stock is owned by corporate insiders.
BMCH has been the topic of several analyst reports. Royal Bank of Canada reissued an “outperform” rating and issued a $25.00 price target (up previously from $23.00) on shares of BMC Stock in a report on Tuesday, November 7th. B. Riley reissued a “buy” rating and issued a $25.00 price target (up previously from $22.00) on shares of BMC Stock in a report on Tuesday, November 7th. TheStreet raised shares of BMC Stock from a “c” rating to a “b-” rating in a report on Friday, December 1st. BidaskClub lowered shares of BMC Stock from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Finally, Zacks Investment Research raised shares of BMC Stock from a “sell” rating to a “hold” rating and set a $27.00 price target on the stock in a report on Friday, January 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $24.75.
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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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