The Boise Cascade L.L.C. (BCC) Bonds Trading 0.8% Higher

The Boise Cascade L.L.C. (BCC) Bonds Trading 0.8% Higher

An issue of Boise Cascade L.L.C. (NYSE:BCC) debt rose 0.8% against its face value during trading on Thursday. The high-yield issue of debt has a 5.625% coupon and will mature on September 1, 2024. The debt is now trading at $101.13 and was trading at $100.00 last week. Price moves in a company’s debt in credit markets sometimes anticipate parallel moves in its share price.

A number of research firms have recently commented on BCC. Goldman Sachs Group Inc. cut shares of Boise Cascade L.L.C. from a “buy” rating to a “neutral” rating and set a $25.00 target price for the company. in a research note on Tuesday, October 25th. TheStreet cut shares of Boise Cascade L.L.C. from a “buy” rating to a “hold” rating in a research note on Friday, September 30th. Finally, Zacks Investment Research cut shares of Boise Cascade L.L.C. from a “buy” rating to a “hold” rating in a research note on Wednesday, September 28th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. Boise Cascade L.L.C. has a consensus rating of “Hold” and a consensus target price of $27.50.

Shares of Boise Cascade L.L.C. (NYSE:BCC) traded down 2.14% during mid-day trading on Thursday, reaching $22.90. 188,298 shares of the company traded hands. The stock’s 50-day moving average is $23.48 and its 200-day moving average is $23.99. The company has a market capitalization of $887.38 million, a P/E ratio of 24.36 and a beta of 2.05. Boise Cascade L.L.C. has a 52 week low of $13.80 and a 52 week high of $29.95.

Boise Cascade L.L.C. (NYSE:BCC) last released its earnings results on Monday, October 24th. The company reported $0.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by $0.31. Boise Cascade L.L.C. had a return on equity of 8.10% and a net margin of 0.94%. The firm earned $1.07 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the business posted $0.56 EPS. The firm’s revenue was up 7.6% on a year-over-year basis. On average, equities analysts predict that Boise Cascade L.L.C. will post $1.06 EPS for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the company. Cornerstone Capital Management Holdings LLC. purchased a new stake in Boise Cascade L.L.C. during the third quarter valued at approximately $697,000. Credit Suisse AG boosted its stake in Boise Cascade L.L.C. by 12.2% in the third quarter. Credit Suisse AG now owns 47,357 shares of the company’s stock valued at $1,203,000 after buying an additional 5,140 shares during the period. Panagora Asset Management Inc. boosted its stake in Boise Cascade L.L.C. by 77.0% in the third quarter. Panagora Asset Management Inc. now owns 63,476 shares of the company’s stock valued at $1,612,000 after buying an additional 27,605 shares during the period. The Manufacturers Life Insurance Company purchased a new stake in Boise Cascade L.L.C. during the third quarter valued at approximately $673,000. Finally, Perkins Investment Management LLC boosted its stake in Boise Cascade L.L.C. by 0.3% in the third quarter. Perkins Investment Management LLC now owns 483,226 shares of the company’s stock valued at $12,274,000 after buying an additional 1,356 shares during the period. Institutional investors own 96.18% of the company’s stock.

Boise Cascade L.L.C. Company Profile

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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