Citadel Advisors LLC Sells 341,646 Shares of GMS Inc (GMS)

Share on StockTwits

Citadel Advisors LLC decreased its position in shares of GMS Inc (NYSE:GMS) by 27.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 921,831 shares of the company’s stock after selling 341,646 shares during the quarter. Citadel Advisors LLC’s holdings in GMS were worth $24,973,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. MetLife Investment Advisors LLC lifted its holdings in GMS by 13.7% during the 1st quarter. MetLife Investment Advisors LLC now owns 14,993 shares of the company’s stock worth $458,000 after buying an additional 1,810 shares during the period. American International Group Inc. lifted its holdings in GMS by 12.3% during the 1st quarter. American International Group Inc. now owns 20,796 shares of the company’s stock worth $636,000 after buying an additional 2,285 shares during the period. Strs Ohio lifted its holdings in GMS by 9.7% during the 2nd quarter. Strs Ohio now owns 26,100 shares of the company’s stock worth $707,000 after buying an additional 2,300 shares during the period. SG Americas Securities LLC lifted its holdings in GMS by 67.8% during the 1st quarter. SG Americas Securities LLC now owns 5,745 shares of the company’s stock worth $176,000 after buying an additional 2,322 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in GMS by 54.2% during the 1st quarter. Victory Capital Management Inc. now owns 8,688 shares of the company’s stock worth $266,000 after buying an additional 3,055 shares during the period. 75.86% of the stock is currently owned by hedge funds and other institutional investors.

GMS has been the topic of several recent research reports. TheStreet raised GMS from a “c” rating to a “b-” rating in a report on Friday, May 25th. Royal Bank of Canada set a $36.00 price objective on GMS and gave the stock a “buy” rating in a research report on Friday, June 29th. Zacks Investment Research raised GMS from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research report on Wednesday, May 9th. ValuEngine raised GMS from a “sell” rating to a “hold” rating in a research report on Thursday, June 21st. Finally, Robert W. Baird lowered GMS from an “outperform” rating to a “neutral” rating and set a $36.00 price objective for the company. in a research report on Tuesday, July 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. GMS currently has a consensus rating of “Buy” and an average price target of $36.18.

GMS stock opened at $27.80 on Thursday. GMS Inc has a 1-year low of $23.50 and a 1-year high of $39.98. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.71 and a quick ratio of 1.69. The stock has a market capitalization of $1.08 billion, a PE ratio of 13.83, a price-to-earnings-growth ratio of 1.13 and a beta of 1.35.

GMS (NYSE:GMS) last posted its quarterly earnings data on Thursday, August 30th. The company reported $0.82 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.05. GMS had a return on equity of 13.00% and a net margin of 2.51%. The firm had revenue of $778.10 million during the quarter, compared to analyst estimates of $768.61 million. During the same period last year, the company posted $0.47 EPS. The business’s quarterly revenue was up 21.2% on a year-over-year basis. analysts expect that GMS Inc will post 3.32 earnings per share for the current year.

In other GMS news, insider G Michael Callahan, Jr. sold 12,500 shares of GMS stock in a transaction dated Friday, June 22nd. The stock was sold at an average price of $31.13, for a total transaction of $389,125.00. Following the completion of the transaction, the insider now owns 428,314 shares in the company, valued at approximately $13,333,414.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director J David Smith purchased 2,000 shares of the business’s stock in a transaction on Monday, July 2nd. The shares were bought at an average price of $26.66 per share, with a total value of $53,320.00. Following the purchase, the director now directly owns 4,000 shares in the company, valued at approximately $106,640. The disclosure for this purchase can be found here. Insiders own 5.90% of the company’s stock.

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.

Read More: Trading Strategy Methods and Types

Want to see what other hedge funds are holding GMS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GMS Inc (NYSE:GMS).

Institutional Ownership by Quarter for GMS (NYSE:GMS)

Receive News & Ratings for GMS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GMS and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply