Quadrature Capital Ltd Takes Position in GMS Inc. (NYSE:GMS)

Quadrature Capital Ltd bought a new stake in shares of GMS Inc. (NYSE:GMS – Get Rating) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 6,220 shares of the company’s stock, valued at approximately $249,000.

Other institutional investors have also recently modified their holdings of the company. Credit Suisse AG grew its position in shares of GMS by 0.6% during the 3rd quarter. Credit Suisse AG now owns 53,183 shares of the company’s stock valued at $2,129,000 after acquiring an additional 330 shares during the period. WINTON GROUP Ltd purchased a new stake in GMS during the 3rd quarter worth approximately $497,000. Captrust Financial Advisors boosted its stake in shares of GMS by 10.0% in the second quarter. Captrust Financial Advisors now owns 2,554 shares of the company’s stock worth $114,000 after acquiring an additional 232 shares during the last quarter. River Road Asset Management LLC boosted its stake in shares of GMS by 5.3% in the third quarter. River Road Asset Management LLC now owns 404,053 shares of the company’s stock worth $16,166,000 after acquiring an additional 20,391 shares during the last quarter. Finally, Coliseum Capital Management LLC increased its position in shares of GMS by 3.3% during the third quarter. Coliseum Capital Management LLC now owns 6,336,573 shares of the company’s stock worth $253,526,000 after purchasing an additional 205,000 shares in the last quarter. 96.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director John J. Gavin sold 6,250 shares of the company’s stock in a transaction on Friday, December 16th. The stock was sold at an average price of $52.15, for a total value of $325,937.50. Following the transaction, the director now owns 26,229 shares of the company’s stock, valued at approximately $1,367,842.35. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director John J. Gavin sold 6,250 shares of the company’s stock in a transaction on Friday, December 16th. The stock was sold at an average price of $52.15, for a total value of $325,937.50. Following the transaction, the director now owns 26,229 shares of the company’s stock, valued at approximately $1,367,842.35. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO John C. Turner, Jr. sold 876 shares of the company’s stock in a transaction on Monday, March 6th. The shares were sold at an average price of $59.50, for a total value of $52,122.00. Following the completion of the transaction, the chief executive officer now directly owns 68,240 shares in the company, valued at approximately $4,060,280. The disclosure for this sale can be found here. Insiders have sold a total of 18,468 shares of company stock valued at $1,062,921 in the last quarter. Insiders own 1.60% of the company’s stock.

GMS Stock Down 4.9 %

Shares of NYSE:GMS opened at $53.44 on Tuesday. The company has a quick ratio of 1.58, a current ratio of 2.53 and a debt-to-equity ratio of 0.95. The business has a fifty day moving average of $57.24 and a two-hundred day moving average of $50.55. The stock has a market cap of $2.21 billion, a P/E ratio of 6.89 and a beta of 1.85. GMS Inc. has a 52-week low of $36.10 and a 52-week high of $62.19.

GMS (NYSE:GMS – Get Rating) last issued its earnings results on Thursday, March 2nd. The company reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.86 by ($0.01). GMS had a net margin of 6.28% and a return on equity of 34.16%. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the previous year, the company earned $1.74 earnings per share. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. On average, research analysts expect that GMS Inc. will post 8.92 earnings per share for the current year.

Analyst Upgrades and Downgrades

GMS has been the subject of several research reports. Stephens boosted their price target on GMS from $60.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, December 12th. StockNews.com upgraded GMS from a “buy” rating to a “strong-buy” rating in a research report on Monday, November 28th. Royal Bank of Canada boosted their price target on GMS from $51.00 to $58.00 and gave the stock a “sector perform” rating in a research report on Friday, December 9th. Barclays boosted their price target on GMS from $60.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Monday, March 6th. Finally, Loop Capital cut GMS from a “buy” rating to a “hold” rating and boosted their price target for the stock from $52.00 to $60.00 in a research report on Friday, December 9th. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $62.00.

GMS Profile

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GMS, Inc is a holding company, which engages in the distribution of wallboard and suspended ceilings systems and complementary interior construction products. It operates through the following segments: Geographic Divisions, Other, and Corporate. The firm offers ceiling 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.