California Public Employees Retirement System Decreases Position in Select Interior Concepts (NYSE:SIC)

California Public Employees Retirement System decreased its stake in Select Interior Concepts (NYSE:SIC) by 21.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,800 shares of the company’s stock after selling 3,943 shares during the period. California Public Employees Retirement System owned approximately 0.06% of Select Interior Concepts worth $52,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of SIC. State Street Corp raised its stake in shares of Select Interior Concepts by 1.4% in the first quarter. State Street Corp now owns 349,674 shares of the company’s stock valued at $724,000 after acquiring an additional 4,891 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Select Interior Concepts by 42.7% during the 1st quarter. Wells Fargo & Company MN now owns 48,466 shares of the company’s stock worth $100,000 after acquiring an additional 14,500 shares during the period. Geode Capital Management LLC lifted its stake in Select Interior Concepts by 13.6% in the 1st quarter. Geode Capital Management LLC now owns 288,006 shares of the company’s stock valued at $596,000 after purchasing an additional 34,473 shares during the last quarter. AQR Capital Management LLC lifted its stake in Select Interior Concepts by 158.5% in the 1st quarter. AQR Capital Management LLC now owns 140,524 shares of the company’s stock valued at $291,000 after purchasing an additional 86,157 shares during the last quarter. Finally, Two Sigma Investments LP bought a new position in Select Interior Concepts in the 1st quarter valued at approximately $41,000.

SIC has been the subject of several research reports. Zacks Investment Research raised shares of Select Interior Concepts from a “sell” rating to a “hold” rating in a research note on Friday, August 7th. Truist initiated coverage on shares of Select Interior Concepts in a research note on Friday, September 11th. They issued a “buy” rating and a $10.00 price objective for the company.

NYSE:SIC opened at $6.70 on Tuesday. The firm has a fifty day simple moving average of $6.22 and a two-hundred day simple moving average of $3.96. Select Interior Concepts has a 12 month low of $1.25 and a 12 month high of $13.10.

Select Interior Concepts (NYSE:SIC) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.03). The firm had revenue of $125.44 million for the quarter, compared to analysts’ expectations of $133.70 million.

In other Select Interior Concepts news, CEO Leo William Jr. Varner acquired 10,000 shares of the stock in a transaction dated Tuesday, September 1st. The stock was purchased at an average cost of $6.19 per share, for a total transaction of $61,900.00. Following the acquisition, the chief executive officer now owns 535,000 shares in the company, valued at approximately $3,311,650. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director B. Riley Financial, Inc. acquired 6,314 shares of the stock in a transaction dated Monday, August 24th. The stock was acquired at an average price of $5.85 per share, with a total value of $36,936.90. The disclosure for this purchase can be found here. In the last three months, insiders acquired 224,528 shares of company stock valued at $1,310,325.

Select Interior Concepts Profile

Select Interior Concepts, Inc, together with its subsidiaries, installs and distributes interior building products for residential interior design services markets in the United States. The company operates through two segments, Residential Design Services and Architectural Surfaces Group. The Residential Design Services segment provides an integrated, outsourced solution for the design, consultation, sourcing, distribution, and installation needs of homebuyer customers.

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