Advantage Alpha Capital Partners LP Sells 13,765 Shares of GMS Inc. (NYSE:GMS)

Advantage Alpha Capital Partners LP decreased its holdings in shares of GMS Inc. (NYSE:GMS) by 38.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,080 shares of the company’s stock after selling 13,765 shares during the period. Advantage Alpha Capital Partners LP owned about 0.06% of GMS worth $1,873,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in GMS. FMR LLC lifted its position in shares of GMS by 25.3% during the 3rd quarter. FMR LLC now owns 4,232,170 shares of the company’s stock worth $383,308,000 after buying an additional 854,987 shares during the period. Pacer Advisors Inc. bought a new position in shares of GMS during the fourth quarter valued at $109,277,000. Charles Schwab Investment Management Inc. grew its holdings in shares of GMS by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 609,715 shares of the company’s stock worth $51,722,000 after purchasing an additional 15,664 shares during the last quarter. Reinhart Partners LLC. grew its holdings in shares of GMS by 2.3% in the 4th quarter. Reinhart Partners LLC. now owns 541,519 shares of the company’s stock worth $45,937,000 after purchasing an additional 12,099 shares during the last quarter. Finally, Verition Fund Management LLC lifted its holdings in GMS by 48.3% during the 3rd quarter. Verition Fund Management LLC now owns 340,388 shares of the company’s stock valued at $30,829,000 after purchasing an additional 110,876 shares during the last quarter. 95.28% of the stock is owned by institutional investors and hedge funds.

GMS Price Performance

Shares of GMS stock opened at $72.43 on Monday. The firm’s 50 day moving average price is $80.11 and its two-hundred day moving average price is $87.64. The stock has a market cap of $2.78 billion, a PE ratio of 13.31 and a beta of 1.73. GMS Inc. has a 52-week low of $65.88 and a 52-week high of $105.54. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.44 and a current ratio of 2.23.

GMS (NYSE:GMS) last posted its quarterly earnings results on Thursday, March 6th. The company reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.47). The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.29 billion. GMS had a return on equity of 20.67% and a net margin of 3.92%. As a group, analysts forecast that GMS Inc. will post 7.26 EPS for the current year.

Analyst Upgrades and Downgrades

GMS has been the topic of several research analyst reports. UBS Group set a $80.00 price objective on shares of GMS in a research note on Friday, March 7th. Truist Financial decreased their target price on GMS from $97.00 to $80.00 and set a “hold” rating on the stock in a report on Friday, March 7th. Barclays cut their price target on GMS from $80.00 to $71.00 and set an “equal weight” rating for the company in a report on Monday, March 10th. Royal Bank of Canada decreased their price objective on shares of GMS from $82.00 to $65.00 and set a “sector perform” rating on the stock in a report on Friday, March 7th. Finally, DA Davidson dropped their target price on shares of GMS from $94.00 to $80.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, GMS currently has an average rating of “Hold” and a consensus target price of $80.50.

GMS Profile

GMS Inc distributes wallboard, ceilings, steel framing and complementary construction products in the United States and Canada. The company offers 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.