Bank of New York Mellon Corp Sells 16,255 Shares of Blue Bird Corp (BLBD)
Bank of New York Mellon Corp lowered its stake in Blue Bird Corp (NASDAQ:BLBD) by 6.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 248,187 shares of the company’s stock after selling 16,255 shares during the quarter. Bank of New York Mellon Corp’s holdings in Blue Bird were worth $4,515,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in BLBD. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Blue Bird in the fourth quarter valued at about $26,000. Lincoln Capital Corp acquired a new stake in shares of Blue Bird in the fourth quarter valued at about $217,000. MetLife Investment Advisors LLC increased its position in shares of Blue Bird by 55.2% in the third quarter. MetLife Investment Advisors LLC now owns 8,926 shares of the company’s stock valued at $219,000 after acquiring an additional 3,175 shares during the last quarter. Alliancebernstein L.P. acquired a new stake in shares of Blue Bird in the third quarter valued at about $233,000. Finally, Citadel Advisors LLC acquired a new stake in shares of Blue Bird in the third quarter valued at about $338,000. 96.06% of the stock is currently owned by institutional investors and hedge funds.
BLBD has been the topic of a number of recent research reports. BidaskClub raised Blue Bird from a “hold” rating to a “buy” rating in a research report on Thursday, January 10th. ValuEngine downgraded Blue Bird from a “hold” rating to a “sell” rating in a research report on Friday, March 15th.
Blue Bird (NASDAQ:BLBD) last released its earnings results on Wednesday, February 6th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.07. The business had revenue of $154.93 million for the quarter, compared to the consensus estimate of $157.20 million. Blue Bird had a negative return on equity of 70.66% and a net margin of 3.68%. Research analysts expect that Blue Bird Corp will post 1.58 EPS for the current year.
About Blue Bird
Blue Bird Corporation designs, engineers, manufactures, and sells school buses and related parts in the United States, Canada, and internationally. It operates through two segments, Bus and Parts. The company offers Type C, Type D, and specialty buses; and alternative fuel applications through its propane-powered, gasoline-powered, compressed natural gas-powered, and electric powered school buses.
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