Pier Capital LLC reduced its position in shares of BMC Stock Holdings Inc (NASDAQ:BMCH) by 7.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 302,660 shares of the company’s stock after selling 25,410 shares during the period. BMC Stock makes up approximately 1.1% of Pier Capital LLC’s investment portfolio, making the stock its 26th biggest position. Pier Capital LLC owned 0.45% of BMC Stock worth $6,462,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in BMCH. Dimensional Fund Advisors LP increased its holdings in shares of BMC Stock by 26.9% during the third quarter. Dimensional Fund Advisors LP now owns 1,854,388 shares of the company’s stock worth $39,592,000 after buying an additional 392,741 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of BMC Stock by 11.3% in the third quarter. Schwab Charles Investment Management Inc. now owns 345,571 shares of the company’s stock worth $7,378,000 after purchasing an additional 35,066 shares during the last quarter. Neumeier Poma Investment Counsel LLC grew its stake in shares of BMC Stock by 130.3% in the third quarter. Neumeier Poma Investment Counsel LLC now owns 985,550 shares of the company’s stock worth $21,041,000 after purchasing an additional 557,675 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of BMC Stock by 2.7% in the third quarter. Wells Fargo & Company MN now owns 630,133 shares of the company’s stock worth $13,453,000 after purchasing an additional 16,570 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of BMC Stock in the third quarter worth $316,000.
Shares of BMC Stock Holdings Inc (NASDAQ BMCH) opened at $23.05 on Wednesday. The company has a current ratio of 2.29, a quick ratio of 1.38 and a debt-to-equity ratio of 0.57. The company has a market cap of $1,565.32, a price-to-earnings ratio of 23.83 and a beta of 1.50. BMC Stock Holdings Inc has a 1 year low of $17.45 and a 1 year high of $23.90.
In related news, insider Peter Alexander sold 28,000 shares of the company’s stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $21.08, for a total value of $590,240.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Michael Alan Farmer sold 2,000 shares of the company’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $22.20, for a total transaction of $44,400.00. The disclosure for this sale can be found here. Insiders have sold a total of 180,000 shares of company stock worth $4,009,640 in the last three months. Insiders own 3.70% of the company’s stock.
Several analysts recently weighed in on the stock. TheStreet raised shares of BMC Stock from a “c” rating to a “b-” rating in a research note on Friday, December 1st. BidaskClub cut shares of BMC Stock from a “buy” rating to a “hold” rating in a research note on Tuesday. Royal Bank of Canada reissued a “buy” rating and issued a $26.00 price objective on shares of BMC Stock in a research note on Wednesday, November 15th. B. Riley reaffirmed a “buy” rating and set a $25.00 price target (up previously from $22.00) on shares of BMC Stock in a research report on Tuesday, November 7th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $23.00 price target on shares of BMC Stock in a research report on Monday, October 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $24.00.
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About BMC Stock
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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