Select Interior Concepts (NYSE:SIC) Lifted to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Select Interior Concepts (NYSE:SIC) from a sell rating to a hold rating in a report released on Thursday morning, Zacks.com reports.

According to Zacks, “Select Interior Concepts, Inc. provides interior surface products for residential and commercial builders. The Company offers natural and engineered stone slabs, cabinetry, bathroom countertops, wall tiles, shower enclosures, towel bars and rings, paper holders, medicine cabinets and mirrors. Its primary operating subsidiaries and segments consists of Residential Design Services and Architectural Surfaces Group. Select Interior Concepts, Inc. is based in CA, United States. “

Separately, B. Riley reaffirmed a buy rating and set a $7.00 price objective on shares of Select Interior Concepts in a research note on Thursday, May 21st.

SIC stock opened at $4.68 on Thursday. Select Interior Concepts has a one year low of $1.25 and a one year high of $13.76. The firm has a 50-day moving average of $3.80 and a two-hundred day moving average of $4.62.

Select Interior Concepts (NYSE:SIC) last posted its quarterly earnings data on Thursday, May 21st. The company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.02. The firm had revenue of $134.38 million for the quarter, compared to analysts’ expectations of $134.60 million.

In related news, CEO Leo William Jr. Varner purchased 25,000 shares of Select Interior Concepts stock in a transaction dated Wednesday, June 10th. The stock was acquired at an average cost of $4.47 per share, with a total value of $111,750.00. Following the completion of the transaction, the chief executive officer now directly owns 500,000 shares of the company’s stock, valued at $2,235,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert Scott Vansant purchased 10,000 shares of Select Interior Concepts stock in a transaction dated Wednesday, June 10th. The stock was bought at an average cost of $4.47 per share, with a total value of $44,700.00. Following the completion of the transaction, the director now directly owns 16,775 shares of the company’s stock, valued at $74,984.25. The disclosure for this purchase can be found here. Insiders bought 205,686 shares of company stock valued at $840,107 over the last three months.

A number of large investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its holdings in Select Interior Concepts by 13.9% in the fourth quarter. Bank of America Corp DE now owns 23,339 shares of the company’s stock worth $210,000 after buying an additional 2,857 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Select Interior Concepts by 4.7% in the fourth quarter. Bank of New York Mellon Corp now owns 64,563 shares of the company’s stock worth $581,000 after buying an additional 2,912 shares during the last quarter. Citigroup Inc. increased its holdings in Select Interior Concepts by 547.8% in the fourth quarter. Citigroup Inc. now owns 4,327 shares of the company’s stock worth $39,000 after buying an additional 3,659 shares during the last quarter. Cubist Systematic Strategies LLC increased its holdings in Select Interior Concepts by 35.4% in the fourth quarter. Cubist Systematic Strategies LLC now owns 16,625 shares of the company’s stock worth $149,000 after buying an additional 4,350 shares during the last quarter. Finally, State Street Corp increased its holdings in Select Interior Concepts by 1.4% in the first quarter. State Street Corp now owns 349,674 shares of the company’s stock worth $724,000 after buying an additional 4,891 shares during the last quarter.

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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