Coliseum Capital Management, L Sells 54,944 Shares of GMS Inc. (NYSE:GMS) Stock

GMS Inc. (NYSE:GMS) major shareholder Coliseum Capital Management, L sold 54,944 shares of the stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $110.05, for a total transaction of $6,046,587.20. Following the transaction, the insider directly owned 3,486,524 shares of the company’s stock, valued at $383,691,966.20. This trade represents a 1.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Coliseum Capital Management, L also recently made the following trade(s):

• On Tuesday, July 15th, Coliseum Capital Management, L sold 104,550 shares of GMS stock. The stock was sold at an average price of $110.06, for a total transaction of $11,506,773.00.
• On Monday, July 14th, Coliseum Capital Management, L sold 179,133 shares of GMS stock. The shares were sold at an average price of $110.05, for a total transaction of $19,713,586.65.

GMS Trading Down 0.0%

NYSE GMS opened at $110.00 on Friday. The stock has a market capitalization of $4.19 billion, a P/E ratio of 38.06 and a beta of 1.71. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.91 and a quick ratio of 1.17. GMS Inc. has a one year low of $65.77 and a one year high of $110.28. The business has a 50 day simple moving average of $88.43 and a 200 day simple moving average of $81.29.

GMS (NYSE:GMS) last posted its quarterly earnings data on Wednesday, June 18th. The company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.18. GMS had a return on equity of 16.97% and a net margin of 2.09%. The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same period in the prior year, the business earned $1.93 EPS. The company’s revenue for the quarter was down 5.6% compared to the same quarter last year. Research analysts expect that GMS Inc. will post 7.26 earnings per share for the current year.

Hedge Funds Weigh In On GMS

A number of institutional investors and hedge funds have recently modified their holdings of GMS. AlphaQuest LLC lifted its position in GMS by 1,710.5% during the fourth quarter. AlphaQuest LLC now owns 344 shares of the company’s stock valued at $29,000 after purchasing an additional 325 shares in the last quarter. Eukles Asset Management purchased a new stake in shares of GMS during the first quarter worth about $33,000. Canada Pension Plan Investment Board bought a new stake in shares of GMS in the fourth quarter worth about $34,000. Brooklyn Investment Group bought a new stake in shares of GMS in the first quarter worth about $47,000. Finally, Versant Capital Management Inc increased its holdings in shares of GMS by 170.5% in the first quarter. Versant Capital Management Inc now owns 706 shares of the company’s stock worth $52,000 after purchasing an additional 445 shares during the last quarter. 95.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GMS has been the subject of a number of research reports. Royal Bank Of Canada boosted their target price on shares of GMS from $95.20 to $110.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 1st. DA Davidson raised their price objective on shares of GMS from $95.20 to $110.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 1st. Baird R W downgraded shares of GMS from a “strong-buy” rating to a “hold” rating in a report on Monday, June 23rd. Raymond James Financial cut shares of GMS from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 25th. Finally, Stephens lowered shares of GMS from a “strong-buy” rating to a “hold” rating and set a $95.00 price target for the company. in a research report on Friday, June 27th. Ten equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $101.11.

GMS Company Profile

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.