GMS Inc. (NYSE:GMS) Shares Bought by Seven Eight Capital LP

Seven Eight Capital LP boosted its stake in shares of GMS Inc. (NYSE:GMSFree Report) by 30.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,970 shares of the company’s stock after purchasing an additional 3,063 shares during the period. Seven Eight Capital LP’s holdings in GMS were worth $1,069,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Blue Trust Inc. raised its holdings in shares of GMS by 131.1% in the 4th quarter. Blue Trust Inc. now owns 372 shares of the company’s stock worth $31,000 after purchasing an additional 211 shares during the period. GAMMA Investing LLC acquired a new position in GMS during the fourth quarter valued at approximately $32,000. Hexagon Capital Partners LLC increased its position in shares of GMS by 233.3% in the fourth quarter. Hexagon Capital Partners LLC now owns 430 shares of the company’s stock worth $35,000 after acquiring an additional 301 shares in the last quarter. TFO Wealth Partners LLC increased its position in shares of GMS by 174,000.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,741 shares of the company’s stock worth $144,000 after acquiring an additional 1,740 shares in the last quarter. Finally, CI Investments Inc. purchased a new stake in GMS during the 3rd quarter worth $155,000. 95.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on GMS. StockNews.com downgraded GMS from a “strong-buy” rating to a “buy” rating in a research report on Friday. Barclays raised their target price on GMS from $75.00 to $93.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 5th. Truist Financial boosted their price target on GMS from $72.00 to $88.00 and gave the stock a “hold” rating in a research note on Friday, March 1st. Royal Bank of Canada lifted their price target on shares of GMS from $84.00 to $92.00 and gave the stock a “sector perform” rating in a research note on Friday, March 1st. Finally, Robert W. Baird increased their price objective on shares of GMS from $92.00 to $105.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, GMS has an average rating of “Moderate Buy” and a consensus target price of $89.63.

Check Out Our Latest Research Report on GMS

GMS Stock Performance

Shares of GMS stock opened at $89.36 on Monday. The company has a market cap of $3.56 billion, a P/E ratio of 12.52 and a beta of 1.72. The business has a 50 day moving average of $94.20 and a two-hundred day moving average of $87.51. GMS Inc. has a 52 week low of $56.58 and a 52 week high of $101.04. The company has a quick ratio of 1.47, a current ratio of 2.40 and a debt-to-equity ratio of 0.69.

Insider Buying and Selling

In other GMS news, SVP Craig D. Apolinsky sold 20,000 shares of the stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $96.57, for a total value of $1,931,400.00. Following the sale, the senior vice president now directly owns 10,360 shares of the company’s stock, valued at $1,000,465.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, COO George T. Hendren sold 10,554 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $96.49, for a total value of $1,018,355.46. Following the sale, the chief operating officer now directly owns 23,261 shares in the company, valued at approximately $2,244,453.89. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Craig D. Apolinsky sold 20,000 shares of GMS stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $96.57, for a total value of $1,931,400.00. Following the sale, the senior vice president now directly owns 10,360 shares in the company, valued at approximately $1,000,465.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,820 shares of company stock valued at $3,561,192. Insiders own 1.90% of the company’s stock.

About GMS

(Free Report)

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.

See Also

Institutional Ownership by Quarter for GMS (NYSE:GMS)

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