Blue Bird Co. (NASDAQ:BLBD) Director Sells $25,987,500.00 in Stock

Blue Bird Co. (NASDAQ:BLBD) Director Coliseum Capital Management, L sold 1,237,500 shares of the stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $21.00, for a total value of $25,987,500.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Blue Bird Stock Down 1.8 %

Shares of Blue Bird stock traded down $0.36 during trading on Monday, hitting $19.30. 293,980 shares of the stock were exchanged, compared to its average volume of 292,543. Blue Bird Co. has a 12-month low of $7.14 and a 12-month high of $28.80. The company has a debt-to-equity ratio of 11.13, a current ratio of 0.92 and a quick ratio of 0.33. The stock has a market cap of $620.88 million, a price-to-earnings ratio of -34.46 and a beta of 1.29. The firm’s 50-day moving average price is $21.39 and its 200 day moving average price is $21.31.

Blue Bird (NASDAQ:BLBD) last issued its quarterly earnings results on Wednesday, August 9th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.18. Blue Bird had a negative return on equity of 2,698.15% and a negative net margin of 1.65%. The firm had revenue of $294.28 million during the quarter, compared to the consensus estimate of $300.00 million. As a group, analysts forecast that Blue Bird Co. will post 0.82 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Blue Bird

Several hedge funds have recently modified their holdings of BLBD. Blair William & Co. IL increased its position in shares of Blue Bird by 0.3% during the fourth quarter. Blair William & Co. IL now owns 446,674 shares of the company’s stock worth $4,784,000 after acquiring an additional 1,250 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Blue Bird during the 1st quarter worth approximately $161,000. Counterpoint Mutual Funds LLC acquired a new position in shares of Blue Bird in the 1st quarter valued at approximately $109,000. Virtu Financial LLC purchased a new position in shares of Blue Bird during the 2nd quarter valued at approximately $278,000. Finally, Teacher Retirement System of Texas acquired a new stake in Blue Bird during the second quarter worth about $271,000.

Analyst Upgrades and Downgrades

BLBD has been the subject of several research analyst reports. TheStreet upgraded Blue Bird from a “d” rating to a “c-” rating in a research note on Tuesday, May 30th. R. F. Lafferty initiated coverage on Blue Bird in a report on Wednesday, September 6th. They issued a “buy” rating for the company. StockNews.com began coverage on Blue Bird in a research note on Thursday, August 17th. They issued a “buy” rating for the company. Barclays began coverage on shares of Blue Bird in a research note on Monday, September 11th. They issued an “overweight” rating and a $25.00 price target on the stock. Finally, Bank of America started coverage on Blue Bird in a report on Friday, August 18th. They set a “buy” rating and a $26.50 price target for the company. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $25.88.

Blue Bird Company Profile

Blue Bird Corporation designs, engineers, manufactures, and sells school buses and related parts in the United States, Canada, and internationally. It operates through two segments, Bus and Parts. The company offers Type C, Type D, and specialty buses; and alternative fuel applications through its propane powered, gasoline powered, compressed natural gas powered, and electric powered school buses, as well as diesel engines.