Penbrook Management Lowers stake in BMC Stock Holdings Inc (STCK)

BMC Stock Holdings Inc (STCK) : Penbrook Management reduced its stake in BMC Stock Holdings Inc by 10.74% during the most recent quarter end. The investment management company now holds a total of 24,100 shares of BMC Stock Holdings Inc which is valued at $432,354 after selling 2,900 shares in BMC Stock Holdings Inc , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.BMC Stock Holdings Inc makes up approximately 0.47% of Penbrook Management’s portfolio.

BMC Stock Holdings Inc opened for trading at $17.79 and hit $18 on the upside on Wednesday, eventually ending the session at $17.92, with a gain of 0.56% or 0.1 points. The heightened volatility saw the trading volume jump to 2,00,188 shares. Company has a market cap of $1,171 M.

Other Hedge Funds, Including , Strs Ohio sold out all of its stake in STCK during the most recent quarter. The investment firm sold 12,200 shares of STCK which is valued $218,868.Buckingham Capital Management Inc boosted its stake in STCK in the latest quarter, The investment management firm added 20,861 additional shares and now holds a total of 686,394 shares of BMC Stock Holdings Inc which is valued at $12,313,908. BMC Stock Holdings Inc makes up approx 0.71% of Buckingham Capital Management Inc’s portfolio. Simplex Trading added STCK to its portfolio by purchasing 1,645 company shares during the most recent quarter which is valued at $28,623. Independent Portfolio Consultants added STCK to its portfolio by purchasing 455 company shares during the most recent quarter which is valued at $7,917.

On the company’s financial health, BMC Stock Holdings Inc reported $0.17 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Mar 15, 2016. Analyst had a consensus of $0.14. The company had revenue of $510.16 million for the quarter, compared to analysts expectations of $535.63 million. The company’s revenue was down -4.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.12 EPS.

Many Wall Street Analysts have commented on BMC Stock Holdings Inc. Sun Trust Rbsn Humphrey Initiated BMC Stock Holdings Inc on Apr 20, 2016 to “Buy”, Price Target of the shares are set at $21.

BMC Stock Holdings Inc. formerly Stock Building Supply Holdings Inc. is a diversified lumber and building materials (LBM) distributor and solutions provider that sells to construction and repair and remodeling contractors. The Company operates through two segments: Geographic divisions and Coleman Floor. The Geographic divisions segment includes East and West divisions. The Coleman Floor segment offers professional flooring installation services. Its products are lumber and lumber sheet goods millwork doors flooring windows structural components such as engineered wood products (EWP) trusses and wall panels and other exterior products. It provides solution-based services to its customers including design product specification and installation management services. It serves a range of customer base including homebuilders and custom homebuilders. Its operating regions include the South and West regions of the United States.

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