Short Interest Worth Mentioning Today: What Next for Boise Cascade Company (NYSE:BCC) Stock After Increase in Shorted Shares?

November 25, 2016 - By Richard Conner   ·   0 Comments

Short Interest Worth Mentioning Today: What Next for Boise Cascade Company (NYSE:BCC) Stock After Increase in Shorted Shares?

The stock of Boise Cascade Company (NYSE:BCC) registered an increase of 20.84% in short interest. BCC’s total short interest was 888,200 shares in November as published by FINRA. Its up 20.84% from 735,000 shares, reported previously. With 809,800 shares average volume, it will take short sellers 1 days to cover their BCC’s short positions. The short interest to Boise Cascade Company’s float is 2.51%. About 77,120 shares traded hands. Boise Cascade Co (NYSE:BCC) has risen 4.31% since April 22, 2016 and is uptrending. It has underperformed by 1.09% the S&P500.

Boise Cascade Company, formerly Boise Cascade, L.L.C., is a plywood and engineered wood products maker and building materials distributor with activities throughout the United States. The company has a market cap of $850.59 million. The Company’s divisions include Wood Products, Building Materials Distribution, and Corporate and Other. It has a 23.57 P/E ratio. The Company’s Wood Products segment makes plywood, EWP, studs, particleboard and ponderosa pine lumber.

Insitutional Activity: The institutional sentiment increased to 1.21 in 2016 Q2. Its up 0.08, from 1.13 in 2016Q1. The ratio improved, as 24 funds sold all Boise Cascade Co shares owned while 46 reduced positions. 20 funds bought stakes while 59 increased positions. They now own 34.61 million shares or 3.28% less from 35.78 million shares in 2016Q1.
Barrow Hanley Mewhinney Strauss Limited Liability Com last reported 0% of its portfolio in the stock. Gam Ag holds 0.01% of its portfolio in Boise Cascade Co (NYSE:BCC) for 16,000 shares. Dimensional Fund Advsr L P holds 0.02% or 1.64M shares in its portfolio. Glenmede Tru Na holds 1.08M shares or 0.15% of its portfolio. Great West Life Assurance Communications Can holds 0% or 5,269 shares in its portfolio. Amp holds 16,300 shares or 0% of its portfolio. Blackrock Fund holds 0.01% of its portfolio in Boise Cascade Co (NYSE:BCC) for 2.53 million shares. Putnam Investments Ltd Limited Liability Company holds 1.29 million shares or 0.07% of its portfolio. Scotia Capital holds 0% of its portfolio in Boise Cascade Co (NYSE:BCC) for 10,559 shares. Ls Investment Lc holds 0% of its portfolio in Boise Cascade Co (NYSE:BCC) for 1,360 shares. Ameriprise Fincl last reported 260,340 shares in the company. Teachers Retirement System Of The State Of Kentucky last reported 52,892 shares in the company. Prudential last reported 0% of its portfolio in the stock. Walleye Trading Limited Liability Company has 5,781 shares for 0% of their US portfolio. Moreover, State Of Tennessee Treasury Department has 0% invested in Boise Cascade Co (NYSE:BCC) for 31,338 shares.

Boise Cascade Co (NYSE:BCC) Ratings Coverage

Out of 4 analysts covering Boise Cascade (NYSE:BCC), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. Boise Cascade has been the topic of 6 analyst reports since July 24, 2015 according to StockzIntelligence Inc. As per Friday, July 24, the company rating was upgraded by DA Davidson. Goldman Sachs initiated Boise Cascade Co (NYSE:BCC) rating on Thursday, September 22. Goldman Sachs has “Buy” rating and $34 price target. The stock of Boise Cascade Co (NYSE:BCC) earned “Outperform” rating by BMO Capital Markets on Friday, February 19. Goldman Sachs downgraded Boise Cascade Co (NYSE:BCC) on Wednesday, October 26 to “Neutral” rating. The company was downgraded on Friday, July 1 by Bank of America.

BCC Company Profile

Boise Cascade Company, formerly Boise Cascade, L.L.C., incorporated on July 26, 2004, is a plywood and engineered wood products (EWP) maker and building materials distributor with activities throughout the United States. The Company’s divisions include Wood Products, Building Materials Distribution, and Corporate and Other. The Company’s Wood Products segment makes plywood, EWP, studs, particleboard and ponderosa pine lumber. The Company’s Building Materials Distribution segment is a wholesale distributor of building materials. The Firm serves approximately 4,500 customers.

More notable recent Boise Cascade Co (NYSE:BCC) news were published by: Reuters.com which released: “BRIEF-Boise Cascade Company reports 2016 third quarter results” on October 24, 2016, also Fool.com with their article: “Why Boise Cascade Company’s Shares Tumbled 17% Today” published on February 19, 2015, Benzinga.com published: “Goldman Neutral On Paper/Forest Products: Prefers Boise Cascade, Weyerhauser” on September 22, 2016. More interesting news about Boise Cascade Co (NYSE:BCC) were released by: Chicagobusiness.com and their article: “At long last, Madison Dearborn says bye-bye Boise” published on December 03, 2013 as well as Nasdaq.com‘s news article titled: “Boise Cascade Company Prices Upsized Senior Notes Offering” with publication date: August 16, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By Richard Conner


Readers Comments (0)





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>