Man Group plc reduced its stake in Select Interior Concepts (NYSE:SIC) by 48.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 20,800 shares of the company’s stock after selling 19,867 shares during the quarter. Man Group plc owned 0.08% of Select Interior Concepts worth $73,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. State Street Corp lifted its holdings in shares of Select Interior Concepts by 1.4% in the 1st quarter. State Street Corp now owns 349,674 shares of the company’s stock worth $724,000 after acquiring an additional 4,891 shares during the last quarter. Wells Fargo & Company MN increased its stake in 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 buying an additional 14,500 shares during the period. Geode Capital Management LLC increased its stake in Select Interior Concepts by 13.6% during the 1st quarter. Geode Capital Management LLC now owns 288,006 shares of the company’s stock worth $596,000 after buying an additional 34,473 shares during the period. AQR Capital Management LLC increased its stake in Select Interior Concepts by 158.5% during the 1st quarter. AQR Capital Management LLC now owns 140,524 shares of the company’s stock worth $291,000 after buying an additional 86,157 shares during the period. Finally, Two Sigma Investments LP purchased a new stake in Select Interior Concepts during the 1st quarter worth approximately $41,000.
Shares of NYSE:SIC opened at $6.42 on Monday. Select Interior Concepts has a 52 week low of $1.25 and a 52 week high of $13.26. The company’s 50 day moving average is $6.14 and its two-hundred day moving average is $3.97.
Select Interior Concepts (NYSE:SIC) last announced its quarterly earnings data on Thursday, August 6th. The company reported ($0.13) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.10) by ($0.03). The business had revenue of $125.44 million for the quarter, compared to the consensus estimate of $133.70 million.
Several brokerages recently weighed in on SIC. Truist began coverage on shares of Select Interior Concepts in a research note on Friday, September 11th. They set a “buy” rating and a $10.00 target price on the stock. 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.
In related news, Director B. Riley Financial, Inc. bought 6,314 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The shares were purchased at an average cost of $5.85 per share, with a total value of $36,936.90. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Leo William Jr. Varner bought 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The stock was bought at an average cost of $6.19 per share, for a total transaction of $61,900.00. Following the completion of the transaction, the chief executive officer now directly owns 535,000 shares in the company, valued at $3,311,650. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 224,528 shares of company stock worth $1,310,325.
About Select Interior Concepts
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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