GMS Inc. (NYSE:GMS) Short Interest Up 27.9% in March

GMS Inc. (NYSE:GMSGet Rating) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 1,010,000 shares, a growth of 27.9% from the March 15th total of 789,800 shares. Based on an average daily trading volume, of 260,700 shares, the short-interest ratio is currently 3.9 days.

Shares of NYSE:GMS traded down $0.51 during mid-day trading on Monday, hitting $48.62. The company had a trading volume of 155,983 shares, compared to its average volume of 256,424. The firm has a fifty day moving average price of $51.47 and a 200 day moving average price of $53.01. The company has a market capitalization of $2.09 billion, a PE ratio of 9.31 and a beta of 1.98. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.37 and a quick ratio of 1.37. GMS has a one year low of $40.03 and a one year high of $61.79.

GMS (NYSE:GMSGet Rating) last posted its quarterly earnings results on Thursday, March 3rd. The company reported $1.74 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.74. GMS had a net margin of 5.39% and a return on equity of 31.14%. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter last year, the firm posted $0.60 EPS. GMS’s revenue was up 53.5% compared to the same quarter last year. Research analysts expect that GMS will post 7.27 earnings per share for the current fiscal year.

In related news, major shareholder Coliseum Capital Management, L purchased 36,713 shares of GMS stock in a transaction on Monday, March 21st. The shares were purchased at an average price of $54.39 per share, for a total transaction of $1,996,820.07. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders acquired a total of 217,049 shares of company stock worth $10,608,665 in the last quarter. Corporate insiders own 1.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. grew its position in GMS by 0.7% in the 4th quarter. BlackRock Inc. now owns 7,015,817 shares of the company’s stock valued at $421,720,000 after purchasing an additional 49,049 shares during the period. Coliseum Capital Management LLC boosted its holdings in GMS by 6.6% during the 3rd quarter. Coliseum Capital Management LLC now owns 5,292,003 shares of the company’s stock worth $231,790,000 after acquiring an additional 328,060 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in GMS by 0.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,316,798 shares of the company’s stock worth $101,481,000 after acquiring an additional 10,276 shares during the last quarter. FMR LLC boosted its holdings in GMS by 27.6% during the 1st quarter. FMR LLC now owns 1,568,460 shares of the company’s stock worth $23,715,000 after acquiring an additional 338,959 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in GMS by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 812,541 shares of the company’s stock worth $48,841,000 after acquiring an additional 8,548 shares during the last quarter. 97.31% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have commented on the company. StockNews.com assumed coverage on GMS in a research report on Thursday, March 31st. They issued a “buy” rating on the stock. Zacks Investment Research cut GMS from a “buy” rating to a “hold” rating in a research note on Tuesday, April 5th. Finally, Loop Capital initiated coverage on GMS in a report on Thursday, March 17th. They issued a “buy” rating and a $62.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $64.88.

About GMS (Get Rating)

GMS Inc distributes wallboards, suspended ceilings systems, and complementary building 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.

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