Emerald Advisers LLC cut its holdings in GMS Inc (NYSE:GMS) by 52.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,234 shares of the company’s stock after selling 11,317 shares during the period. Emerald Advisers LLC’s holdings in GMS were worth $225,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of GMS. Dimensional Fund Advisors LP raised its stake in GMS by 48.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,314,769 shares of the company’s stock valued at $19,538,000 after buying an additional 428,497 shares in the last quarter. Federated Investors Inc. PA raised its stake in GMS by 607,075.8% in the first quarter. Federated Investors Inc. PA now owns 376,449 shares of the company’s stock valued at $5,692,000 after buying an additional 376,387 shares in the last quarter. FMR LLC raised its stake in GMS by 27.6% in the first quarter. FMR LLC now owns 1,568,460 shares of the company’s stock valued at $23,715,000 after buying an additional 338,959 shares in the last quarter. Frontier Capital Management Co. LLC raised its stake in GMS by 52.7% in the first quarter. Frontier Capital Management Co. LLC now owns 693,259 shares of the company’s stock valued at $10,482,000 after buying an additional 239,118 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in GMS by 1,174.8% in the fourth quarter. Bank of America Corp DE now owns 220,323 shares of the company’s stock valued at $3,273,000 after buying an additional 203,040 shares in the last quarter. Institutional investors own 72.05% of the company’s stock.
Shares of GMS stock opened at $21.37 on Thursday. The business’s 50-day moving average price is $22.27. The stock has a market capitalization of $880.98 million, a price-to-earnings ratio of 7.63, a price-to-earnings-growth ratio of 1.03 and a beta of 2.40. GMS Inc has a 1 year low of $13.61 and a 1 year high of $28.47. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.43 and a current ratio of 2.24.
In other GMS news, CEO G Michael Callahan, Jr. sold 28,950 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $22.61, for a total transaction of $654,559.50. Following the transaction, the chief executive officer now owns 428,314 shares of the company’s stock, valued at $9,684,179.54. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 4.90% of the company’s stock.
A number of analysts have weighed in on the company. Nomura restated a “neutral” rating and issued a $20.00 price target (down from $27.00) on shares of GMS in a research note on Thursday, May 16th. TheStreet upgraded GMS from a “d+” rating to a “c-” rating in a research note on Thursday, May 2nd. Royal Bank of Canada set a $23.00 price target on GMS and gave the company a “buy” rating in a research note on Friday, June 28th. Finally, Zacks Investment Research cut GMS from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $24.22.
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.
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