Verition Fund Management Reduces $3M in Boise Cascade Company ($BCC)
Key Points
- Verition Fund Management changed its Boise Cascade Company ($BCC) stake by 10.4% last quarter, cutting to 410,368 shares worth $29.19 million.
- Wall Street's consensus rating on $BCC is Buy and an average price target of $92.00.
- $BCC last traded around $71.14.
Verition Fund Management reduced its position in Boise Cascade Company ($BCC) by 10.4% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 410,368 shares of Boise Cascade Company after selling 47,824 shares during the quarter. Verition Fund Management's holdings in Boise Cascade Company were worth $29.19 million as of its most recent filing.
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About Boise Cascade Company
Boise Cascade Company engages in the manufacture and sale of engineered wood products and plywood and wholesale distribution of building materials in the United States and Canada. It operates through two segments, Wood Products and Building Materials Distribution. The Wood Products segment manufactures laminated veneer lumber and beams for use in headers and beams; I-joists for residential and commercial flooring and roofing systems and other structural applications; structural, appearance, and industrial grade plywood panels; and ponderosa pine lumber and appearance grade boards. The Building Materials Distribution segment distributes a line of building materials, including oriented strand boards, plywood, and lumber; general line items, such as siding, composite decking, doors and millwork, metal products, insulation, and roofing; and engineered wood products. It markets and sells its products to dealers, home improvement centers, wholesalers, specialty distributors, and industrial converters for use in the construction of new residential housing, repair and remodeling of existing housing, construction of light industrial and commercial buildings, and other industrial applications through warehouse and direct sales. The company was incorporated in 2004 and is headquartered in Boise, Idaho.
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