Select Interior Concepts (SIC) Downgraded by Zacks Investment Research

Zacks Investment Research cut shares of Select Interior Concepts (NYSE:SIC) from a buy rating to a strong sell rating in a research note released on Thursday, 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. “

Shares of NYSE:SIC opened at $12.92 on Thursday. Select Interior Concepts has a 52 week low of $5.94 and a 52 week high of $14.73.

Select Interior Concepts (NYSE:SIC) last issued its quarterly earnings data on Friday, March 15th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.36). The company had revenue of $132.96 million for the quarter, compared to the consensus estimate of $135.60 million.

A number of large investors have recently modified their holdings of the stock. BlueCrest Capital Management Ltd bought a new position in Select Interior Concepts in the first quarter worth approximately $321,000. Morgan Stanley increased its position in shares of Select Interior Concepts by 162.6% during the first quarter. Morgan Stanley now owns 12,001 shares of the company’s stock worth $150,000 after purchasing an additional 7,431 shares in the last quarter. Goldman Sachs Group Inc. acquired a new position in shares of Select Interior Concepts during the first quarter worth $1,957,000. Jefferies Group LLC acquired a new position in shares of Select Interior Concepts during the first quarter worth $137,000. Finally, ExodusPoint Capital Management LP increased its position in shares of Select Interior Concepts by 24.7% during the first quarter. ExodusPoint Capital Management LP now owns 16,836 shares of the company’s stock worth $210,000 after purchasing an additional 3,336 shares in the last quarter.

Select Interior Concepts Company Profile

There is no company description available for Select Interior Concepts Inc

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