13,027 Shares in GMS Inc. (NYSE:GMS) Acquired by Quantbot Technologies LP

Quantbot Technologies LP acquired a new stake in shares of GMS Inc. (NYSE:GMS) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 13,027 shares of the company’s stock, valued at approximately $1,105,000.

Several other large investors have also made changes to their positions in the business. Inspire Investing LLC boosted its stake in shares of GMS by 2.9% during the 4th quarter. Inspire Investing LLC now owns 4,716 shares of the company’s stock worth $400,000 after acquiring an additional 134 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of GMS by 7.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,936 shares of the company’s stock valued at $249,000 after buying an additional 211 shares in the last quarter. Blue Trust Inc. raised its stake in shares of GMS by 71.3% during the 4th quarter. Blue Trust Inc. now owns 685 shares of the company’s stock worth $62,000 after buying an additional 285 shares during the period. Choreo LLC lifted its position in shares of GMS by 12.1% during the 4th quarter. Choreo LLC now owns 2,668 shares of the company’s stock valued at $227,000 after buying an additional 288 shares in the last quarter. Finally, AlphaQuest LLC grew its stake in GMS by 1,710.5% in the 4th quarter. AlphaQuest LLC now owns 344 shares of the company’s stock valued at $29,000 after acquiring an additional 325 shares during the period. 95.28% of the stock is owned by hedge funds and other institutional investors.

GMS Trading Up 0.0 %

GMS opened at $75.39 on Wednesday. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.23 and a quick ratio of 1.44. The company’s 50 day simple moving average is $79.88 and its two-hundred day simple moving average is $87.53. The firm has a market capitalization of $2.89 billion, a price-to-earnings ratio of 13.86 and a beta of 1.73. GMS Inc. has a 1-year low of $65.88 and a 1-year high of $105.54.

GMS (NYSE:GMS) last announced its quarterly earnings data on Thursday, March 6th. The company reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.47). The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.29 billion. GMS had a return on equity of 20.67% and a net margin of 3.92%. Analysts expect that GMS Inc. will post 7.26 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on GMS shares. UBS Group set a $80.00 price objective on shares of GMS in a report on Friday, March 7th. Robert W. Baird decreased their price target on shares of GMS from $110.00 to $93.00 and set an “outperform” rating on the stock in a research note on Friday, March 7th. Loop Capital cut their price objective on GMS from $93.00 to $80.00 and set a “hold” rating for the company in a research note on Monday, March 10th. Royal Bank of Canada decreased their target price on GMS from $82.00 to $65.00 and set a “sector perform” rating on the stock in a research report on Friday, March 7th. Finally, Barclays dropped their price target on GMS from $80.00 to $71.00 and set an “equal weight” rating for the company in a research report on Monday, March 10th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $80.50.

About GMS

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.