Fox Run Management L.L.C. Takes $582,000 Position in Blue Bird Corporation $BLBD

Fox Run Management L.L.C. acquired a new stake in Blue Bird Corporation (NASDAQ:BLBD) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 13,479 shares of the company’s stock, valued at approximately $582,000.

Other hedge funds also recently added to or reduced their stakes in the company. University of Texas Texas AM Investment Management Co. purchased a new position in Blue Bird during the 2nd quarter valued at about $29,000. Nisa Investment Advisors LLC boosted its stake in shares of Blue Bird by 159.9% during the second quarter. Nisa Investment Advisors LLC now owns 993 shares of the company’s stock valued at $43,000 after purchasing an additional 611 shares in the last quarter. US Bancorp DE increased its holdings in Blue Bird by 440.1% during the first quarter. US Bancorp DE now owns 1,442 shares of the company’s stock valued at $47,000 after buying an additional 1,175 shares during the period. NewEdge Advisors LLC increased its holdings in Blue Bird by 30.9% during the first quarter. NewEdge Advisors LLC now owns 2,885 shares of the company’s stock valued at $93,000 after buying an additional 681 shares during the period. Finally, Summit Securities Group LLC bought a new position in Blue Bird in the first quarter worth approximately $102,000. 93.59% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Blue Bird

In other Blue Bird news, CFO Razvan Radulescu sold 6,709 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $57.41, for a total transaction of $385,163.69. Following the transaction, the chief financial officer owned 40,794 shares in the company, valued at approximately $2,341,983.54. This represents a 14.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Phil Horlock sold 13,000 shares of the firm’s stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $59.02, for a total transaction of $767,260.00. Following the completion of the transaction, the director directly owned 240,766 shares of the company’s stock, valued at approximately $14,210,009.32. This represents a 5.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 77,815 shares of company stock worth $4,477,881. 1.10% of the stock is owned by insiders.

Blue Bird Trading Up 2.2%

Blue Bird stock opened at $51.46 on Tuesday. Blue Bird Corporation has a one year low of $30.04 and a one year high of $61.95. The stock has a market cap of $1.63 billion, a PE ratio of 14.70, a price-to-earnings-growth ratio of 1.38 and a beta of 1.62. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.92 and a current ratio of 1.58. The stock has a 50-day moving average of $55.63 and a two-hundred day moving average of $48.39.

Analyst Upgrades and Downgrades

BLBD has been the topic of several recent research reports. UBS Group reaffirmed a “buy” rating on shares of Blue Bird in a research report on Monday, November 3rd. Needham & Company LLC lifted their target price on Blue Bird from $53.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Wall Street Zen upgraded shares of Blue Bird from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 9th. Zacks Research cut shares of Blue Bird from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 7th. Finally, BTIG Research lifted their price objective on shares of Blue Bird from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, September 16th. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Blue Bird currently has a consensus rating of “Moderate Buy” and an average target price of $63.42.

Blue Bird Company Profile

Blue Bird Corporation, together with its subsidiaries, designs, engineers, manufactures, and sells school buses in the United States, Canada, and internationally. The company operates through two segments, Bus and Parts. It offers Type C, Type D, and specialty buses; and alternative power options through its propane powered, gasoline powered, compressed natural gas powered, and electric powered school buses, as well as diesel engines.