AlphaQuest LLC Boosts Stake in Boise Cascade, L.L.C. $BCC

AlphaQuest LLC lifted its holdings in shares of Boise Cascade, L.L.C. (NYSE:BCC) by 131.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 35,873 shares of the construction company’s stock after acquiring an additional 20,378 shares during the quarter. AlphaQuest LLC owned 0.10% of Boise Cascade worth $2,774,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cerity Partners LLC boosted its stake in shares of Boise Cascade by 3.8% during the 2nd quarter. Cerity Partners LLC now owns 3,274 shares of the construction company’s stock valued at $284,000 after buying an additional 121 shares during the last quarter. Raymond James Financial Inc. boosted its stake in Boise Cascade by 1.0% during the 2nd quarter. Raymond James Financial Inc. now owns 13,219 shares of the construction company’s stock valued at $1,148,000 after acquiring an additional 126 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in Boise Cascade by 5.7% during the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,800 shares of the construction company’s stock valued at $243,000 after acquiring an additional 152 shares during the last quarter. CWM LLC grew its holdings in Boise Cascade by 30.6% during the 3rd quarter. CWM LLC now owns 747 shares of the construction company’s stock worth $58,000 after acquiring an additional 175 shares in the last quarter. Finally, Evergreen Capital Management LLC increased its position in shares of Boise Cascade by 3.4% in the 3rd quarter. Evergreen Capital Management LLC now owns 6,776 shares of the construction company’s stock worth $524,000 after purchasing an additional 224 shares during the last quarter. Hedge funds and other institutional investors own 96.18% of the company’s stock.

Boise Cascade Price Performance

Shares of NYSE:BCC opened at $80.82 on Friday. The firm’s 50 day moving average is $77.69 and its two-hundred day moving average is $78.80. The firm has a market capitalization of $2.99 billion, a P/E ratio of 15.97 and a beta of 1.27. The company has a current ratio of 3.10, a quick ratio of 1.69 and a debt-to-equity ratio of 0.22. Boise Cascade, L.L.C. has a 52 week low of $65.14 and a 52 week high of $127.86.

Boise Cascade (NYSE:BCC) last posted its earnings results on Monday, November 3rd. The construction company reported $0.58 EPS for the quarter, meeting the consensus estimate of $0.58. Boise Cascade had a return on equity of 9.00% and a net margin of 2.96%.The firm had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same period last year, the firm earned $2.33 EPS. The firm’s revenue was down 2.7% compared to the same quarter last year. Analysts anticipate that Boise Cascade, L.L.C. will post 10.15 earnings per share for the current year.

Analyst Ratings Changes

BCC has been the subject of several research analyst reports. DA Davidson reissued a “buy” rating and issued a $95.00 price objective on shares of Boise Cascade in a report on Thursday, November 20th. The Goldman Sachs Group dropped their price target on Boise Cascade from $96.00 to $82.00 and set a “neutral” rating on the stock in a research report on Monday, October 13th. Wall Street Zen lowered shares of Boise Cascade from a “hold” rating to a “sell” rating in a research note on Saturday, October 25th. Weiss Ratings raised shares of Boise Cascade from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Boise Cascade in a report on Thursday, January 8th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $101.83.

About Boise Cascade

Boise Cascade Company operates as a leading manufacturer and distributor of wood products and building materials in North America. The company’s operations are organized into two primary segments: wood products manufacturing and building materials distribution. In its manufacturing segment, Boise Cascade produces a wide array of engineered wood products, including plywood, oriented strand board (OSB), lumber, particleboard and laminated veneer lumber (LVL), serving residential, commercial and industrial customers.

In its distribution segment, Boise Cascade sources and delivers building materials through an extensive network of distribution centers, servicing professional builders, remodelers, contractors and industrial customers.