Essex Investment Management Co. LLC decreased its holdings in shares of GMS Inc (NYSE:GMS) by 79.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,303 shares of the company’s stock after selling 52,495 shares during the period. Essex Investment Management Co. LLC’s holdings in GMS were worth $198,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. IFP Advisors Inc raised its stake in shares of GMS by 49.0% in the fourth quarter. IFP Advisors Inc now owns 2,000 shares of the company’s stock valued at $30,000 after acquiring an additional 658 shares during the last quarter. Tower Research Capital LLC TRC raised its position in GMS by 1,452.7% in the 3rd quarter. Tower Research Capital LLC TRC now owns 5,652 shares of the company’s stock worth $132,000 after purchasing an additional 5,288 shares during the last quarter. Raymond James & Associates bought a new position in GMS in the 2nd quarter worth approximately $216,000. PEAK6 Investments LLC bought a new position in GMS in the 3rd quarter worth approximately $217,000. Finally, Verition Fund Management LLC bought a new position in GMS in the 3rd quarter worth approximately $250,000. Hedge funds and other institutional investors own 79.19% of the company’s stock.
Several research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of GMS from a “sell” rating to a “hold” rating in a research report on Monday. ValuEngine cut shares of GMS from a “sell” rating to a “strong sell” rating in a research report on Monday, February 4th. SunTrust Banks dropped their price objective on shares of GMS to $26.00 and set a “buy” rating for the company in a research report on Thursday, December 6th. They noted that the move was a valuation call. Royal Bank of Canada set a $25.00 price objective on shares of GMS and gave the stock a “buy” rating in a research report on Thursday, December 6th. Finally, Barclays set a $25.00 price objective on shares of GMS and gave the stock a “buy” rating in a research report on Tuesday, December 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company. GMS currently has a consensus rating of “Buy” and a consensus price target of $28.09.
In other news, Director Ronald R. Ross purchased 100,000 shares of the firm’s stock in a transaction dated Wednesday, December 12th. The stock was bought at an average price of $15.63 per share, with a total value of $1,563,000.00. Following the acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at $156,300. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.90% of the stock is owned by insiders.
GMS opened at $20.63 on Wednesday. The company has a debt-to-equity ratio of 1.88, a current ratio of 2.75 and a quick ratio of 1.78. GMS Inc has a 52 week low of $13.61 and a 52 week high of $34.25. The firm has a market cap of $831.87 million, a price-to-earnings ratio of 8.24, a price-to-earnings-growth ratio of 0.94 and a beta of 2.40.
GMS (NYSE:GMS) last released its earnings results on Tuesday, December 4th. The company reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.06). GMS had a return on equity of 17.36% and a net margin of 2.23%. The business had revenue of $833.80 million for the quarter, compared to analyst estimates of $830.54 million. During the same period in the prior year, the firm posted $0.51 EPS. GMS’s revenue was up 28.7% on a year-over-year basis. Equities analysts expect that GMS Inc will post 3.08 EPS for the current year.
GMS Inc distributes wallboards, suspended ceilings systems, and related construction products in the United States and Canada. The company offers wallboard products; and ceilings products, including suspended mineral fibers, soft fibers, and metal ceiling systems primarily used in offices, hotels, hospitals, retail facilities, schools, and various other commercial and institutional buildings.
See Also: Leveraged Buyout (LBO)
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