Alliancebernstein L.P. reduced its position in Boise Cascade, L.L.C. (NYSE:BCC) by 7.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,000 shares of the construction company’s stock after selling 4,370 shares during the period. Alliancebernstein L.P. owned approximately 0.15% of Boise Cascade, L.L.C. worth $1,495,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of BCC. Dynamic Technology Lab Private Ltd purchased a new position in shares of Boise Cascade, L.L.C. during the first quarter worth about $360,000. Cornerstone Capital Management Holdings LLC. raised its position in shares of Boise Cascade, L.L.C. by 69.9% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 19,200 shares of the construction company’s stock worth $511,000 after buying an additional 7,900 shares during the last quarter. Arizona State Retirement System raised its position in shares of Boise Cascade, L.L.C. by 0.5% in the first quarter. Arizona State Retirement System now owns 20,021 shares of the construction company’s stock worth $535,000 after buying an additional 100 shares during the last quarter. Frontier Capital Management Co. LLC raised its position in shares of Boise Cascade, L.L.C. by 2.1% in the first quarter. Frontier Capital Management Co. LLC now owns 2,376,038 shares of the construction company’s stock worth $63,440,000 after buying an additional 47,746 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Boise Cascade, L.L.C. during the first quarter worth about $136,000. 97.71% of the stock is owned by institutional investors and hedge funds.
Shares of Boise Cascade, L.L.C. (BCC) traded down 1.54% during midday trading on Friday, hitting $28.80. The stock had a trading volume of 344,186 shares. The stock has a 50-day moving average of $29.60 and a 200 day moving average of $28.58. The stock has a market cap of $1.11 billion, a PE ratio of 24.20 and a beta of 2.05. Boise Cascade, L.L.C. has a 52 week low of $17.80 and a 52 week high of $33.40.
Boise Cascade, L.L.C. (NYSE:BCC) last released its earnings results on Thursday, July 27th. The construction company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by $0.04. Boise Cascade, L.L.C. had a return on equity of 8.32% and a net margin of 1.13%. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same period in the prior year, the firm posted $0.49 EPS. Boise Cascade, L.L.C.’s revenue was up 9.1% on a year-over-year basis. Analysts anticipate that Boise Cascade, L.L.C. will post $1.65 EPS for the current fiscal year.
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A number of equities analysts have issued reports on the company. BidaskClub raised Boise Cascade, L.L.C. from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Zacks Investment Research lowered Boise Cascade, L.L.C. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 4th. BMO Capital Markets reaffirmed a “market perform” rating and set a $33.00 price target (up from $30.00) on shares of Boise Cascade, L.L.C. in a research note on Monday, June 12th. Finally, TheStreet raised Boise Cascade, L.L.C. from a “c” rating to a “b” rating in a research note on Friday, May 5th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $31.50.
In other Boise Cascade, L.L.C. news, VP Kelly E. Hibbs sold 1,511 shares of Boise Cascade, L.L.C. stock in a transaction on Friday, July 28th. The shares were sold at an average price of $31.50, for a total transaction of $47,596.50. Following the completion of the sale, the vice president now owns 25,868 shares of the company’s stock, valued at approximately $814,842. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Nick Stokes sold 4,227 shares of the business’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $32.35, for a total transaction of $136,743.45. Following the completion of the transaction, the executive vice president now directly owns 63,753 shares of the company’s stock, valued at approximately $2,062,409.55. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.
Boise Cascade, L.L.C. Company Profile
Boise Cascade Company is an integrated wood products manufacturer and building materials distributor with operations throughout the United States and one manufacturing facility in Canada. The Company is also a producer of engineered wood products (EWP) and plywood in North America. The Company operates through three segments: Wood Products, Building Materials Distribution, and Corporate and Other.
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