Boise Cascade, L.L.C. (NYSE:BCC) Shares Sold by Stoneridge Investment Partners LLC

Stoneridge Investment Partners LLC decreased its stake in Boise Cascade, L.L.C. (NYSE:BCC) by 74.4% during the second quarter, Holdings Channel reports. The firm owned 10,064 shares of the construction company’s stock after selling 29,278 shares during the period. Stoneridge Investment Partners LLC’s holdings in Boise Cascade, L.L.C. were worth $306,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in BCC. Norges Bank purchased a new position in shares of Boise Cascade, L.L.C. during the fourth quarter valued at about $4,621,000. Macquarie Group Ltd. boosted its position in shares of Boise Cascade, L.L.C. by 10.8% in the fourth quarter. Macquarie Group Ltd. now owns 727,820 shares of the construction company’s stock valued at $16,376,000 after buying an additional 71,071 shares during the period. Fox Run Management L.L.C. purchased a new position in shares of Boise Cascade, L.L.C. during the first quarter valued at about $342,000. Legato Capital Management LLC boosted its position in shares of Boise Cascade, L.L.C. by 2,570.0% in the first quarter. Legato Capital Management LLC now owns 80,607 shares of the construction company’s stock valued at $3,019,000 after buying an additional 77,588 shares during the period. Finally, State of Alaska Department of Revenue boosted its position in shares of Boise Cascade, L.L.C. by 1.4% in the first quarter. State of Alaska Department of Revenue now owns 4,250 shares of the construction company’s stock valued at $113,000 after buying an additional 60 shares during the period. Hedge funds and other institutional investors own 97.38% of the company’s stock.

Shares of Boise Cascade, L.L.C. (BCC) opened at 29.60 on Friday. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 24.87 and a beta of 2.05. The firm has a 50-day moving average price of $29.62 and a 200 day moving average price of $28.42. Boise Cascade, L.L.C. has a 12 month low of $17.80 and a 12 month high of $33.40.

Boise Cascade, L.L.C. (NYSE:BCC) last announced its quarterly earnings data on Thursday, July 27th. The construction company reported $0.57 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same period in the previous year, the business posted $0.49 EPS. Boise Cascade, L.L.C.’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, analysts anticipate that Boise Cascade, L.L.C. will post $1.65 EPS for the current fiscal year.

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Several equities analysts recently issued reports on BCC shares. Zacks Investment Research cut Boise Cascade, L.L.C. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 26th. TheStreet upgraded Boise Cascade, L.L.C. from a “c” rating to a “b” rating in a research note on Friday, May 5th. BMO Capital Markets restated a “market perform” rating and set a $33.00 price objective (up from $30.00) on shares of Boise Cascade, L.L.C. in a research note on Monday, June 12th. Finally, BidaskClub upgraded Boise Cascade, L.L.C. from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Boise Cascade, L.L.C. has an average rating of “Hold” and a consensus target price of $31.50.

In other news, EVP Nick Stokes sold 4,227 shares of Boise Cascade, L.L.C. stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $32.35, for a total transaction of $136,743.45. Following the sale, the executive vice president now owns 63,753 shares of the company’s stock, valued at approximately $2,062,409.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Kelly E. Hibbs sold 1,511 shares of Boise Cascade, L.L.C. stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $31.50, for a total value of $47,596.50. Following the sale, the vice president now directly owns 25,868 shares in the company, valued at approximately $814,842. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company 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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Institutional Ownership by Quarter for Boise Cascade, L.L.C. (NYSE:BCC)

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