13,700 Shares in GMS Inc. (GMS) Purchased by Menta Capital LLC
Menta Capital LLC acquired a new stake in shares of GMS Inc. (NYSE:GMS) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 13,700 shares of the company’s stock, valued at approximately $385,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of GMS. Vanguard Group Inc. lifted its holdings in shares of GMS by 71.6% during the 1st quarter. Vanguard Group Inc. now owns 1,973,231 shares of the company’s stock worth $69,142,000 after acquiring an additional 822,997 shares during the period. Citadel Advisors LLC boosted its position in shares of GMS by 294.7% in the first quarter. Citadel Advisors LLC now owns 1,162,177 shares of the company’s stock worth $40,722,000 after acquiring an additional 867,736 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of GMS by 6.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,143,477 shares of the company’s stock worth $40,067,000 after acquiring an additional 66,383 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of GMS by 43.4% in the second quarter. Wells Fargo & Company MN now owns 960,661 shares of the company’s stock worth $26,994,000 after acquiring an additional 290,711 shares during the last quarter. Finally, Emerald Advisers Inc. PA boosted its position in shares of GMS by 15.9% in the second quarter. Emerald Advisers Inc. PA now owns 816,257 shares of the company’s stock worth $22,937,000 after acquiring an additional 111,792 shares during the last quarter. 55.51% of the stock is owned by institutional investors.
GMS Inc. (NYSE GMS) opened at 35.56 on Tuesday. GMS Inc. has a 12-month low of $20.51 and a 12-month high of $36.08. The stock has a market capitalization of $1.46 billion, a P/E ratio of 27.23 and a beta of 3.39. The stock has a 50 day moving average price of $34.44 and a 200-day moving average price of $34.44.
GMS (NYSE:GMS) last issued its earnings results on Wednesday, September 6th. The company reported $0.47 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.47. GMS had a net margin of 2.28% and a return on equity of 14.13%. The company had revenue of $642.20 million during the quarter, compared to analyst estimates of $645.19 million. During the same quarter last year, the business posted $0.46 EPS. The company’s revenue for the quarter was up 16.8% on a year-over-year basis. Equities research analysts expect that GMS Inc. will post $2.02 EPS for the current year.
In related news, CEO G Michael Callahan, Jr. sold 12,500 shares of the business’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $34.73, for a total value of $434,125.00. Following the completion of the sale, the chief executive officer now owns 528,418 shares of the company’s stock, valued at approximately $18,351,957.14. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Lynn Ross sold 1,894 shares of the business’s stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $34.77, for a total value of $65,854.38. The disclosure for this sale can be found here. Corporate insiders own 5.90% of the company’s stock.
A number of equities research analysts recently issued reports on GMS shares. Royal Bank Of Canada restated a “buy” rating and issued a $38.00 target price on shares of GMS in a report on Monday, June 19th. Northcoast Research raised shares of GMS from a “neutral” rating to a “buy” rating and set a $34.00 price target on the stock in a research note on Monday, July 3rd. Zacks Investment Research raised shares of GMS from a “sell” rating to a “hold” rating in a research note on Monday, September 4th. Finally, Stephens decreased their price target on shares of GMS from $40.00 to $36.00 and set an “overweight” rating on the stock in a report on Monday, July 3rd. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. GMS currently has an average rating of “Buy” and an average target price of $36.33.
GMS Company Profile
GMS Inc is a distributor of wallboard and suspended ceilings systems, or ceilings. The Company provides a product offering of over 20,000 stock keeping units (SKUs) of wallboard, ceilings and complementary interior construction products for interior contractors. It offers steel framing and ancillary products for its customers.
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