Spruce House Investment Management Lowers stake in BMC Stock Holdings Inc (STCK)

BMC Stock Holdings Inc (STCK) : Spruce House Investment Management reduced its stake in BMC Stock Holdings Inc by 67.84% during the most recent quarter end. The investment management company now holds a total of 401,722 shares of BMC Stock Holdings Inc which is valued at $7.5 Million after selling 847,279 shares in BMC Stock Holdings Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.BMC Stock Holdings Inc makes up approximately 1.02% of Spruce House Investment Management’s portfolio.

Other Hedge Funds, Including , Pacific Global Investment Management Co boosted its stake in STCK in the latest quarter, The investment management firm added 5,200 additional shares and now holds a total of 141,545 shares of BMC Stock Holdings Inc which is valued at $2.6 Million. BMC Stock Holdings Inc makes up approx 0.61% of Pacific Global Investment Management Co’s portfolio. United Services Automobile Association added STCK to its portfolio by purchasing 137,176 company shares during the most recent quarter which is valued at $2.6 Million. BMC Stock Holdings Inc makes up approx 0.01% of United Services Automobile Association’s portfolio. Oxford Asset Management sold out all of its stake in STCK during the most recent quarter. The investment firm sold 50,766 shares of STCK which is valued $945,771.Teachers Advisors Inc boosted its stake in STCK in the latest quarter, The investment management firm added 16,649 additional shares and now holds a total of 51,739 shares of BMC Stock Holdings Inc which is valued at $932,337.Rhumbline Advisers boosted its stake in STCK in the latest quarter, The investment management firm added 5,180 additional shares and now holds a total of 28,632 shares of BMC Stock Holdings Inc which is valued at $515,949.

BMC Stock Holdings Inc closed down -0.04 points or -0.21% at $19.13 with 3,84,411 shares getting traded on Wednesday. Post opening the session at $19.24, the shares hit an intraday low of $18.97 and an intraday high of $19.47 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, BMC Stock Holdings Inc reported $0.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.03. The company had revenue of $727.40 million for the quarter, compared to analysts expectations of $664.00 million. The company’s revenue was up 23.2% compared to the same quarter last year.

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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