Penbrook Management Exits Position in Boise Cascade Co (BCC)

Boise Cascade Co (BCC) : Penbrook Management has sold out all of its stake in Boise Cascade Co during the most recent quarter, according to the disclosure filed by the company on Apr 21, 2016 with the SEC. The investment management company has sold out 22,980 shares of Boise Cascade Co which is valued at $484,648.

Boise Cascade Co opened for trading at $20.84 and hit $21.4399 on the upside on Wednesday, eventually ending the session at $21.28, with a gain of 1.96% or 0.41 points. The heightened volatility saw the trading volume jump to 2,49,972 shares. Company has a market cap of $825 M.

Other Hedge Funds, Including , Strs Ohio boosted its stake in BCC in the latest quarter, The investment management firm added 4,700 additional shares and now holds a total of 39,200 shares of Boise Cascade Co which is valued at $826,728. Boise Cascade Co makes up approx 0.05% of Strs Ohio’s portfolio.New York State Teachers Retirement System reduced its stake in BCC by selling 11,100 shares or 37.06% in the most recent quarter. The Hedge Fund company now holds 18,855 shares of BCC which is valued at $397,652. Gemmer Asset Management added BCC to its portfolio by purchasing 202 company shares during the most recent quarter which is valued at $4,359.Simplex Trading boosted its stake in BCC in the latest quarter, The investment management firm added 21,083 additional shares and now holds a total of 21,883 shares of Boise Cascade Co which is valued at $472,235. Boise Cascade Co makes up approx 0.07% of Simplex Trading’s portfolio.Creative Planning boosted its stake in BCC in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 300 shares of Boise Cascade Co which is valued at $6,279.

On the company’s financial health, Boise Cascade Co reported $0.06 EPS for the quarter, missing the analyst consensus estimate by $ -0.17 based on the information available during the earnings call on Feb 18, 2016. Analyst had a consensus of $0.23. The company had revenue of $876.84 million for the quarter, compared to analysts expectations of $842.99 million. The company’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS.

Boise Cascade Company is a plywood and engineered wood products (EWP) manufacturer and building materials distributor. The Company’s segments include Wood Products and Building Materials Distribution. Its Wood Products segment manufactures plywood EWP studs particleboard and ponderosa pine lumber. Its Building Materials Distribution segment is a wholesale distributor of various building materials including EWP OSB plywood lumber and general line items such as siding metal products insulation roofing and composite decking. The Company operates in the United States. The Company’s products are used in residential construction residential repair-and-remodeling projects light commercial construction and industrial applications. The Company caters to a range of retail lumberyards home improvement centers wholesalers and industrial converters among others. It also manufactures engineered wood products consisting of laminated veneer lumber (LVL) I-joists and laminated beams.

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