Strs Ohio buys $826,728 stake in Boise Cascade Co (BCC)

Boise Cascade Co (BCC) : Strs Ohio scooped up 4,700 additional shares in Boise Cascade Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 39,200 shares of Boise Cascade Co which is valued at $826,728.Boise Cascade Co makes up approximately 0.05% of Strs Ohio’s portfolio.

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 , Penbrook Management sold out all of its stake in BCC during the most recent quarter. The investment firm sold 22,980 shares of BCC which is valued $484,648.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. Daiwa Sb Investments Ltd. sold out all of its stake in BCC during the most recent quarter. The investment firm sold 9,020 shares of BCC which is valued $194,652.Capstone Asset Management Co reduced its stake in BCC by selling 650 shares or 3.72% in the most recent quarter. The Hedge Fund company now holds 16,810 shares of BCC which is valued at $362,760. Boise Cascade Co makes up approx 0.01% of Capstone Asset Management Co’s portfolio.

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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