BMC Stock Holdings Inc (BMCH) Shares Bought by Highlander Capital Management LLC

Highlander Capital Management LLC lifted its holdings in shares of BMC Stock Holdings Inc (NASDAQ:BMCH) by 20.2% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 38,225 shares of the company’s stock after buying an additional 6,425 shares during the period. Highlander Capital Management LLC’s holdings in BMC Stock were worth $719,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Swiss National Bank raised its stake in shares of BMC Stock by 4.4% during the 4th quarter. Swiss National Bank now owns 102,619 shares of the company’s stock worth $2,596,000 after buying an additional 4,300 shares during the period. First Trust Advisors LP raised its stake in shares of BMC Stock by 14.8% during the 4th quarter. First Trust Advisors LP now owns 58,783 shares of the company’s stock worth $1,487,000 after buying an additional 7,557 shares during the period. Lakewood Capital Management LP acquired a new position in shares of BMC Stock during the 4th quarter worth approximately $24,678,000. Forest Hill Capital LLC raised its stake in shares of BMC Stock by 9.8% during the 4th quarter. Forest Hill Capital LLC now owns 202,258 shares of the company’s stock worth $5,117,000 after buying an additional 18,000 shares during the period. Finally, Teacher Retirement System of Texas purchased a new stake in shares of BMC Stock during the fourth quarter worth approximately $525,000.

Shares of BMCH traded up $0.10 during trading hours on Thursday, hitting $21.70. 3,755 shares of the stock were exchanged, compared to its average volume of 508,823. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.27 and a current ratio of 2.21. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 21.27 and a beta of 1.40. BMC Stock Holdings Inc has a 12-month low of $17.10 and a 12-month high of $25.70.

BMC Stock (NASDAQ:BMCH) last issued its earnings results on Tuesday, May 8th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.17. The company had revenue of $834.20 million during the quarter, compared to analysts’ expectations of $842.86 million. BMC Stock had a return on equity of 10.99% and a net margin of 2.01%. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.11 EPS. analysts predict that BMC Stock Holdings Inc will post 1.48 earnings per share for the current year.

BMCH has been the subject of several research reports. Royal Bank of Canada set a $23.00 price target on BMC Stock and gave the stock a “buy” rating in a research report on Wednesday, February 14th. Zacks Investment Research upgraded BMC Stock from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research report on Tuesday, May 1st. B. Riley reiterated a “neutral” rating and set a $23.00 price target (down from $26.00) on shares of BMC Stock in a research report on Tuesday, February 27th. BidaskClub upgraded BMC Stock from a “sell” rating to a “hold” rating in a research report on Wednesday, March 28th. Finally, ValuEngine upgraded BMC Stock from a “sell” rating to a “hold” rating in a research report on Saturday, May 12th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $22.88.

In other BMC Stock news, Director Carl R. Vertuca, Jr. sold 2,000 shares of the company’s stock in a transaction on Monday, May 14th. The stock was sold at an average price of $19.88, for a total value of $39,760.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Carl R. Vertuca, Jr. sold 10,000 shares of the company’s stock in a transaction on Tuesday, June 5th. The shares were sold at an average price of $21.00, for a total value of $210,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,676 shares of company stock valued at $264,159. 1.20% of the stock is owned by company insiders.

About BMC Stock

BMC Stock Holdings, Inc operates as lumber and building materials distributor and solutions provider in the United States. Its primary products include structural components, such as floor trusses, roof trusses, wall panels, and engineered wood products; lumber and lumber sheet goods, including dimensional lumber, plywood, and oriented strand board products used in on-site house framing under the Ready-Frame brand; and millwork, doors, and windows comprising interior and exterior doors, windows, interior trim, custom millwork, moldings, stairs and stair parts, and cabinetry and other products.

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

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