Tudor Investment Corp ET AL lessened its stake in shares of Blue Bird Corporation (NASDAQ:BLBD) by 15.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,271 shares of the company’s stock after selling 2,157 shares during the quarter. Tudor Investment Corp ET AL owned 0.05% of Blue Bird Corporation worth $209,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Federated Investors Inc. PA boosted its stake in Blue Bird Corporation by 82.1% during the second quarter. Federated Investors Inc. PA now owns 6,143 shares of the company’s stock worth $104,000 after buying an additional 2,770 shares during the period. Kennedy Capital Management Inc. boosted its stake in Blue Bird Corporation by 2.2% during the second quarter. Kennedy Capital Management Inc. now owns 141,575 shares of the company’s stock worth $2,407,000 after buying an additional 3,055 shares during the period. TIAA CREF Investment Management LLC boosted its stake in Blue Bird Corporation by 24.2% during the second quarter. TIAA CREF Investment Management LLC now owns 18,208 shares of the company’s stock worth $310,000 after buying an additional 3,549 shares during the period. Cadence Capital Management LLC boosted its stake in Blue Bird Corporation by 5.8% during the second quarter. Cadence Capital Management LLC now owns 67,892 shares of the company’s stock worth $1,154,000 after buying an additional 3,749 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Blue Bird Corporation by 12.2% during the second quarter. Bank of New York Mellon Corp now owns 47,565 shares of the company’s stock worth $809,000 after buying an additional 5,187 shares during the period. 96.15% of the stock is owned by institutional investors.

Blue Bird Corporation (NASDAQ BLBD) opened at 21.05 on Wednesday. Blue Bird Corporation has a 52 week low of $13.85 and a 52 week high of $21.45. The firm’s 50-day moving average is $19.24 and its 200 day moving average is $18.21. The stock has a market cap of $510.10 million, a price-to-earnings ratio of 24.06 and a beta of 1.80.

Blue Bird Corporation (NASDAQ:BLBD) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.68 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.10. Blue Bird Corporation had a net margin of 2.60% and a negative return on equity of 19.49%. The company had revenue of $332.60 million during the quarter, compared to the consensus estimate of $324.13 million. On average, equities research analysts expect that Blue Bird Corporation will post $1.17 EPS for the current year.

Blue Bird Corporation announced that its board has initiated a share buyback program on Thursday, August 3rd that allows the company to buyback $50.00 million in shares. This buyback authorization allows the company to buy up to 11.9% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

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Separately, Roth Capital set a $22.00 target price on shares of Blue Bird Corporation and gave the stock a “buy” rating in a research note on Monday, August 7th.

In other news, Director Coliseum Capital Management, L sold 742,566 shares of the company’s stock in a transaction dated Saturday, September 23rd. The shares were sold at an average price of $18.65, for a total transaction of $13,848,855.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 16.70% of the company’s stock.

About Blue Bird Corporation

Blue Bird Corporation designs, engineers, manufactures, and sells school buses and aftermarket parts in the United States, Canada, and internationally. It offers Type C, Type D, and specialty buses, as well as Sigma, a bus for public transportation. The company sells its products through a network of dealers, as well as directly to fleet operators, the United States government, and state governments.

Institutional Ownership by Quarter for Blue Bird Corporation (NASDAQ:BLBD)

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