Bank of New York Mellon Corp Acquires 36,409 Shares of BMC Stock Holdings, Inc. (BMCH)

Bank of New York Mellon Corp grew its holdings in BMC Stock Holdings, Inc. (NASDAQ:BMCH) by 3.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,065,105 shares of the company’s stock after purchasing an additional 36,409 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.59% of BMC Stock Holdings worth $23,273,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Renaissance Technologies LLC boosted its stake in shares of BMC Stock Holdings by 662.1% in the 1st quarter. Renaissance Technologies LLC now owns 731,600 shares of the company’s stock valued at $16,534,000 after purchasing an additional 635,600 shares during the last quarter. Tudor Investment Corp ET AL raised its position in shares of BMC Stock Holdings by 113.4% in the 1st quarter. Tudor Investment Corp ET AL now owns 73,109 shares of the company’s stock valued at $1,652,000 after acquiring an additional 38,843 shares during the period. Clinton Group Inc. raised its position in shares of BMC Stock Holdings by 91.0% in the 1st quarter. Clinton Group Inc. now owns 32,536 shares of the company’s stock valued at $735,000 after acquiring an additional 15,505 shares during the period. Bogle Investment Management L P DE acquired a new stake in shares of BMC Stock Holdings in the 1st quarter valued at approximately $1,212,000. Finally, Airain ltd acquired a new stake in shares of BMC Stock Holdings in the 1st quarter valued at approximately $1,295,000.

Shares of BMC Stock Holdings, Inc. (NASDAQ BMCH) opened at 21.00 on Friday. The firm has a market capitalization of $1.41 billion, a P/E ratio of 34.48 and a beta of 1.49. The company has a 50 day moving average of $20.46 and a 200-day moving average of $21.46. BMC Stock Holdings, Inc. has a 12 month low of $15.45 and a 12 month high of $23.90.

BMC Stock Holdings (NASDAQ:BMCH) last announced its earnings results on Thursday, August 3rd. The company reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.03). BMC Stock Holdings had a net margin of 1.28% and a return on equity of 9.20%. The company had revenue of $886.38 million during the quarter, compared to the consensus estimate of $871.51 million. During the same quarter in the previous year, the company earned $0.32 earnings per share. The business’s revenue was up 11.1% on a year-over-year basis. Analysts predict that BMC Stock Holdings, Inc. will post $1.08 EPS for the current year.

A number of analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of BMC Stock Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Robert W. Baird reiterated a “buy” rating and issued a $23.00 price target on shares of BMC Stock Holdings in a research report on Sunday, September 10th. Barclays PLC cut their price target on shares of BMC Stock Holdings from $24.00 to $22.00 and set an “overweight” rating on the stock in a research report on Friday, August 4th. FBR & Co cut their price target on shares of BMC Stock Holdings from $26.00 to $22.00 and set a “buy” rating on the stock in a research report on Tuesday, August 22nd. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $24.00 price target on shares of BMC Stock Holdings in a research report on Wednesday, June 7th. One analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. BMC Stock Holdings has a consensus rating of “Buy” and an average target price of $23.50.

ILLEGAL ACTIVITY WARNING: This article was first published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this article on another website, it was illegally stolen and reposted in violation of international trademark & copyright laws. The legal version of this article can be accessed at https://www.chaffeybreeze.com/2017/09/15/bank-of-new-york-mellon-corp-acquires-36409-shares-of-bmc-stock-holdings-inc-bmch.html.

In related news, insider James F. Jr. Major sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $20.24, for a total value of $404,800.00. Following the sale, the insider now directly owns 176,482 shares in the company, valued at $3,571,995.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lisa M. Hamblet sold 12,812 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $20.82, for a total value of $266,745.84. Following the completion of the sale, the insider now owns 74,133 shares in the company, valued at $1,543,449.06. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company’s stock.

BMC Stock Holdings 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.

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

Receive News & Ratings for BMC Stock Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BMC Stock Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply