The Mason Street Advisors LLC Acquires New Position in Boise Cascade L.L.C. (BCC)

The Mason Street Advisors LLC Acquires New Position in Boise Cascade L.L.C. (BCC)

Mason Street Advisors LLC acquired a new stake in shares of Boise Cascade L.L.C. (NYSE:BCC) during the second quarter, according to its most recent filing with the SEC. The fund acquired 7,575 shares of the company’s stock, valued at approximately $174,000.

Several other institutional investors also recently made changes to their positions in BCC. Vanguard Group Inc. raised its position in shares of Boise Cascade L.L.C. by 13.3% in the second quarter. Vanguard Group Inc. now owns 3,094,171 shares of the company’s stock valued at $71,012,000 after buying an additional 363,695 shares during the last quarter. BlackRock Fund Advisors raised its position in Boise Cascade L.L.C. by 1.6% in the second quarter. BlackRock Fund Advisors now owns 2,528,471 shares of the company’s stock worth $58,028,000 after buying an additional 39,139 shares in the last quarter. Frontier Capital Management Co. LLC raised its position in Boise Cascade L.L.C. by 60.8% in the second quarter. Frontier Capital Management Co. LLC now owns 2,060,764 shares of the company’s stock worth $47,295,000 after buying an additional 778,948 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Boise Cascade L.L.C. by 2.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,643,740 shares of the company’s stock worth $37,722,000 after buying an additional 34,226 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. raised its position in Boise Cascade L.L.C. by 24.9% in the first quarter. Adage Capital Partners GP L.L.C. now owns 1,500,000 shares of the company’s stock worth $31,080,000 after buying an additional 299,000 shares in the last quarter. 93.86% of the stock is owned by hedge funds and other institutional investors.

Boise Cascade L.L.C. (NYSE:BCC) opened at 24.03 on Friday. The firm’s 50-day moving average is $25.31 and its 200-day moving average is $23.73. The stock has a market capitalization of $931.16 million, a price-to-earnings ratio of 19.27 and a beta of 1.84. Boise Cascade L.L.C. has a 52-week low of $13.80 and a 52-week high of $33.15.

Boise Cascade L.L.C. (NYSE:BCC) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.12. The firm earned $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. Boise Cascade L.L.C. had a return on equity of 9.37% and a net margin of 1.28%. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.51 earnings per share. Analysts predict that Boise Cascade L.L.C. will post $1.47 earnings per share for the current year.

A number of research firms have issued reports on BCC. Zacks Investment Research raised shares of Boise Cascade L.L.C. from a “sell” rating to a “strong-buy” rating and set a $32.00 price target for the company in a research report on Tuesday, August 2nd. TheStreet raised shares of Boise Cascade L.L.C. from a “hold” rating to a “buy” rating in a research report on Thursday, July 28th. BMO Capital Markets reissued a “buy” rating and set a $30.00 price target on shares of Boise Cascade L.L.C. in a research report on Tuesday, July 12th. Goldman Sachs Group Inc. began coverage on shares of Boise Cascade L.L.C. in a research report on Thursday, September 22nd. They set a “buy” rating and a $34.00 price target for the company. Finally, Bank of America Corp. lowered shares of Boise Cascade L.L.C. from a “buy” rating to a “neutral” rating and set a $23.00 price target for the company. in a research report on Friday, July 1st. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $29.75.

About Boise Cascade L.L.C.

Boise Cascade Company, formerly Boise Cascade, LLC., is a plywood and engineered wood products (EWP) manufacturer and building materials distributor with operations throughout the United States. The Company’s segments include Wood Products, Building Materials Distribution, and Corporate and Other. Its Wood Products segment manufactures plywood, EWP, studs, particleboard and ponderosa pine lumber.

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