Balter Liquid Alternatives LLC Has $1.39 Million Position in BMC Stock Holdings, Inc. (BMCH)

Balter Liquid Alternatives LLC increased its position in shares of BMC Stock Holdings, Inc. (NASDAQ:BMCH) by 11.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 63,525 shares of the company’s stock after buying an additional 6,427 shares during the period. BMC Stock Holdings makes up approximately 1.6% of Balter Liquid Alternatives LLC’s portfolio, making the stock its 15th largest position. Balter Liquid Alternatives LLC owned about 0.09% of BMC Stock Holdings worth $1,388,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of BMCH. Ameritas Investment Partners Inc. bought a new position in shares of BMC Stock Holdings during the first quarter worth approximately $108,000. Acadian Asset Management LLC bought a new position in shares of BMC Stock Holdings during the first quarter worth approximately $140,000. BNP Paribas Arbitrage SA raised its position in shares of BMC Stock Holdings by 2,853.3% in the second quarter. BNP Paribas Arbitrage SA now owns 7,147 shares of the company’s stock worth $156,000 after buying an additional 6,905 shares in the last quarter. UBS Asset Management Americas Inc. bought a new position in shares of BMC Stock Holdings during the first quarter worth approximately $209,000. Finally, TFS Capital LLC bought a new position in shares of BMC Stock Holdings during the first quarter worth approximately $210,000. 98.99% of the stock is currently owned by institutional investors and hedge funds.

BMC Stock Holdings, Inc. (NASDAQ:BMCH) opened at 18.65 on Friday. BMC Stock Holdings, Inc. has a one year low of $15.45 and a one year high of $23.90. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 30.62 and a beta of 1.47. The stock’s 50 day moving average price is $20.96 and its 200-day moving average price is $21.41.

BMC Stock Holdings (NASDAQ:BMCH) last posted its earnings results on Thursday, August 3rd. The company reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by $0.03. BMC Stock Holdings had a return on equity of 9.20% and a net margin of 1.28%. The firm had revenue of $886.38 million for the quarter, compared to the consensus estimate of $871.51 million. During the same period in the prior year, the business earned $0.32 EPS. BMC Stock Holdings’s quarterly revenue was up 11.1% compared to the same quarter last year. Analysts forecast that BMC Stock Holdings, Inc. will post $1.08 earnings per share for the current year.

BMCH has been the topic of a number of analyst reports. Royal Bank Of Canada reissued a “buy” rating and set a $24.00 price objective on shares of BMC Stock Holdings in a report on Tuesday, July 18th. FBR & Co lowered their price objective on BMC Stock Holdings from $26.00 to $22.00 and set a “buy” rating on the stock in a report on Tuesday. Barclays PLC set a $24.00 price objective on BMC Stock Holdings and gave the company a “buy” rating in a report on Monday, May 8th. Finally, Zacks Investment Research raised BMC Stock Holdings from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Thursday, May 11th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $23.60.

In other BMC Stock Holdings news, insider Lisa M. Hamblet sold 12,812 shares of BMC Stock Holdings stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $20.82, for a total transaction of $266,745.84. Following the transaction, the insider now owns 74,133 shares of the company’s stock, valued at approximately $1,543,449.06. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 3.70% of the stock is owned by company insiders.

BMC Stock Holdings Company Profile

BMC Stock Holdings, Inc is a provider of building products and services in the United States residential construction market. The Company’s segments include Mid-Atlantic, Southeast, Texas, Intermountain, Western and Mountain West divisions. Its product offerings include lumber and lumber sheet goods and an array of products, including millwork, doors, windows, structural components, floor and roof trusses and wall panels.