GSA Capital Partners LLP Sells 1,310 Shares of Blue Bird Co. (NASDAQ:BLBD)

GSA Capital Partners LLP trimmed its holdings in shares of Blue Bird Co. (NASDAQ:BLBD) by 7.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,699 shares of the company’s stock after selling 1,310 shares during the period. GSA Capital Partners LLP’s holdings in Blue Bird were worth $753,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC raised its holdings in shares of Blue Bird by 52.2% in the first quarter. SG Americas Securities LLC now owns 12,559 shares of the company’s stock valued at $482,000 after buying an additional 4,310 shares during the last quarter. Swiss National Bank raised its stake in shares of Blue Bird by 33.4% in the first quarter. Swiss National Bank now owns 63,500 shares of the company’s stock worth $2,435,000 after acquiring an additional 15,900 shares during the last quarter. Sei Investments Co. acquired a new position in shares of Blue Bird during the first quarter worth approximately $2,134,000. Russell Investments Group Ltd. grew its stake in shares of Blue Bird by 149.1% during the first quarter. Russell Investments Group Ltd. now owns 148,520 shares of the company’s stock valued at $5,694,000 after purchasing an additional 88,889 shares during the last quarter. Finally, Kingsview Wealth Management LLC acquired a new stake in shares of Blue Bird in the first quarter valued at approximately $359,000. Institutional investors own 93.59% of the company’s stock.

Analyst Ratings Changes

BLBD has been the topic of several research reports. Roth Capital downgraded Blue Bird from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 3rd. Barclays raised their price target on Blue Bird from $43.00 to $54.00 and gave the company an “overweight” rating in a report on Friday, August 9th. BTIG Research assumed coverage on Blue Bird in a report on Wednesday, October 9th. They set a “buy” rating and a $55.00 price objective for the company. DA Davidson upped their target price on shares of Blue Bird from $66.00 to $67.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Finally, StockNews.com upgraded shares of Blue Bird from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $60.14.

Blue Bird Stock Performance

Shares of BLBD stock opened at $36.37 on Monday. The stock has a market cap of $1.18 billion, a PE ratio of 12.00, a price-to-earnings-growth ratio of 0.18 and a beta of 1.62. The stock has a 50-day moving average of $45.16 and a 200-day moving average of $48.56. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.40 and a quick ratio of 0.66. Blue Bird Co. has a one year low of $17.79 and a one year high of $59.40.

Insider Activity at Blue Bird

In related news, President Britton Smith sold 2,508 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $49.81, for a total transaction of $124,923.48. Following the sale, the president now owns 80,617 shares of the company’s stock, valued at approximately $4,015,532.77. This trade represents a 3.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Phil Horlock sold 32,159 shares of Blue Bird stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $48.93, for a total value of $1,573,539.87. Following the transaction, the chief executive officer now owns 299,812 shares in the company, valued at approximately $14,669,801.16. This represents a 9.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,747 shares of company stock worth $2,459,691. 2.10% of the stock is currently owned by company insiders.

Blue Bird Company Profile

Blue Bird Corporation, together with its subsidiaries, designs, engineers, manufactures, and sells school buses in the United States, Canada, and internationally. The company operates through two segments, Bus and Parts. It offers Type C, Type D, and specialty buses; and alternative power options through its propane powered, gasoline powered, compressed natural gas powered, and electric powered school buses, as well as diesel engines.