GMS Inc. (GMS) Stake Held by Spark Investment Management LLC
Spark Investment Management LLC maintained its position in GMS Inc. (NYSE:GMS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,500 shares of the company’s stock at the end of the second quarter. Spark Investment Management LLC’s holdings in GMS were worth $660,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. American International Group Inc. raised its position in GMS by 7.0% in the first quarter. American International Group Inc. now owns 4,377 shares of the company’s stock valued at $153,000 after buying an additional 288 shares during the period. Metropolitan Life Insurance Co. NY raised its position in GMS by 386.4% in the first quarter. Metropolitan Life Insurance Co. NY now owns 5,190 shares of the company’s stock valued at $182,000 after buying an additional 4,123 shares during the period. Alambic Investment Management L.P. bought a new position in GMS during the first quarter valued at approximately $203,000. TFS Capital LLC bought a new position in GMS during the first quarter valued at approximately $221,000. Finally, Wellington Shields Capital Management LLC bought a new position in GMS during the second quarter valued at approximately $478,000. 42.01% of the stock is currently owned by institutional investors.
Shares of GMS Inc. (NYSE GMS) opened at 29.56 on Friday. The stock’s 50 day moving average price is $29.42 and its 200 day moving average price is $31.96. GMS Inc. has a 52 week low of $20.23 and a 52 week high of $36.99. The firm has a market capitalization of $1.21 billion, a P/E ratio of 24.84 and a beta of 3.53.
GMS (NYSE:GMS) last announced its quarterly earnings data on Thursday, June 29th. The company reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.02. The business had revenue of $615 million during the quarter, compared to analyst estimates of $614.93 million. GMS had a net margin of 2.11% and a return on equity of 14.15%. The firm’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.53 earnings per share. On average, analysts predict that GMS Inc. will post $1.99 EPS for the current fiscal year.
Several research firms have commented on GMS. Zacks Investment Research lowered GMS from a “hold” rating to a “sell” rating in a research report on Monday, July 3rd. Stephens cut their price objective on GMS from $40.00 to $36.00 and set an “overweight” rating on the stock in a research report on Monday, July 3rd. Northcoast Research raised GMS from a “neutral” rating to a “buy” rating and set a $34.00 price objective on the stock in a research report on Monday, July 3rd. Royal Bank Of Canada restated a “buy” rating and set a $38.00 target price on shares of GMS in a research note on Monday, June 19th. Finally, ValuEngine upgraded GMS from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. One analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $36.17.
In other news, Chairman Richard K. Mueller sold 1,000,000 shares of the company’s stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $31.68, for a total transaction of $31,680,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Richard Alan Adams sold 83,950 shares of the company’s stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $31.68, for a total transaction of $2,659,536.00. Following the transaction, the senior vice president now directly owns 170,000 shares of the company’s stock, valued at approximately $5,385,600. The disclosure for this sale can be found here. Insiders have sold 3,986,079 shares of company stock valued at $126,278,983 in the last ninety days.
GMS Inc is a distributor of wallboard and suspended ceilings systems, or ceilings. The Company provides a product offering of over 20,000 stock keeping units (SKUs) of wallboard, ceilings and complementary interior construction products for interior contractors. It offers steel framing and ancillary products for its customers.
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