GMS Inc (NYSE:GMS) Stock Position Lowered by Quantamental Technologies LLC

Quantamental Technologies LLC lessened its position in GMS Inc (NYSE:GMS) by 43.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,113 shares of the company’s stock after selling 3,194 shares during the period. Quantamental Technologies LLC’s holdings in GMS were worth $90,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in GMS. Royce & Associates LP acquired a new stake in shares of GMS during the 1st quarter valued at $36,000. Bank of Montreal Can lifted its stake in GMS by 419.9% in the second quarter. Bank of Montreal Can now owns 3,296 shares of the company’s stock valued at $73,000 after acquiring an additional 2,662 shares during the last quarter. NumerixS Investment Technologies Inc grew its position in GMS by 233.3% in the first quarter. NumerixS Investment Technologies Inc now owns 7,000 shares of the company’s stock worth $106,000 after acquiring an additional 4,900 shares in the last quarter. Municipal Employees Retirement System of Michigan bought a new stake in GMS in the second quarter worth approximately $217,000. Finally, Farmers National Bank acquired a new position in shares of GMS during the 1st quarter worth $234,000. Institutional investors and hedge funds own 72.08% of the company’s stock.

NYSE:GMS traded down $0.28 during trading hours on Wednesday, hitting $27.25. 36,140 shares of the company traded hands, compared to its average volume of 933,736. The firm has a 50-day moving average of $23.92 and a 200 day moving average of $19.83. GMS Inc has a twelve month low of $13.61 and a twelve month high of $30.54. The company has a current ratio of 2.29, a quick ratio of 1.46 and a debt-to-equity ratio of 1.80. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 9.67, a P/E/G ratio of 1.25 and a beta of 2.18.

GMS (NYSE:GMS) last announced its quarterly earnings data on Thursday, August 29th. The company reported $0.89 EPS for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.05. The business had revenue of $847.20 million during the quarter, compared to analyst estimates of $837.65 million. GMS had a net margin of 2.27% and a return on equity of 18.99%. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.82 earnings per share. Equities research analysts predict that GMS Inc will post 3.1 earnings per share for the current fiscal year.

In other news, major shareholder Investors Fund V. Lp Aea sold 6,825,058 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $26.93, for a total value of $183,798,811.94. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO G Michael Callahan, Jr. sold 28,950 shares of the 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 sale, the chief executive officer now owns 428,314 shares of the company’s stock, valued at approximately $9,684,179.54. The disclosure for this sale can be found here. 5.10% of the stock is currently owned by company insiders.

Several analysts have recently issued reports on GMS shares. Royal Bank of Canada set a $30.00 price target on GMS and gave the stock a “buy” rating in a research note on Friday, August 30th. Seaport Global Securities restated a “buy” rating and issued a $33.00 price objective (up from $28.00) on shares of GMS in a research note on Friday, August 30th. They noted that the move was a valuation call. Nomura reaffirmed a “neutral” rating and set a $20.00 price objective (down from $27.00) on shares of GMS in a report on Thursday, May 16th. Barclays upped their price objective on shares of GMS from $26.00 to $33.00 and gave the stock an “overweight” rating in a report on Wednesday, September 4th. Finally, Zacks Investment Research lowered shares of GMS from a “buy” rating to a “hold” rating in a research note on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. GMS has a consensus rating of “Buy” and an average target price of $29.40.

GMS Company Profile

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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Institutional Ownership by Quarter for GMS (NYSE:GMS)

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