GMS Inc (GMS) Stake Decreased by Two Sigma Investments LP

Two Sigma Investments LP cut its holdings in shares of GMS Inc (NYSE:GMS) by 62.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 146,005 shares of the company’s stock after selling 247,905 shares during the period. Two Sigma Investments LP owned about 0.36% of GMS worth $5,496,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Great West Life Assurance Co. Can grew its stake in shares of GMS by 213.7% during the third quarter. Great West Life Assurance Co. Can now owns 2,823 shares of the company’s stock valued at $100,000 after acquiring an additional 1,923 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of GMS during the fourth quarter valued at about $129,000. Macquarie Group Ltd. acquired a new stake in shares of GMS during the third quarter valued at about $170,000. Victory Capital Management Inc. acquired a new stake in shares of GMS during the third quarter valued at about $182,000. Finally, California Public Employees Retirement System acquired a new stake in shares of GMS during the third quarter valued at about $234,000. Institutional investors own 72.83% of the company’s stock.

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GMS stock opened at $30.44 on Friday. The company has a market capitalization of $1,279.34, a PE ratio of 19.01, a P/E/G ratio of 2.23 and a beta of 1.70. GMS Inc has a 52 week low of $27.20 and a 52 week high of $39.98. The company has a quick ratio of 1.80, a current ratio of 2.91 and a debt-to-equity ratio of 1.02.

GMS (NYSE:GMS) last posted its quarterly earnings results on Tuesday, March 6th. The company reported $0.18 EPS for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.22). The firm had revenue of $585.60 million during the quarter, compared to analyst estimates of $602.08 million. GMS had a return on equity of 12.75% and a net margin of 2.70%. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter last year, the business posted $0.32 earnings per share. analysts anticipate that GMS Inc will post 2 EPS for the current fiscal year.

In related news, insider G Michael Callahan, Jr. sold 33,333 shares of GMS stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $33.65, for a total value of $1,121,655.45. Following the completion of the transaction, the insider now directly owns 428,419 shares in the company, valued at $14,416,299.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider G Michael Callahan, Jr. sold 12,500 shares of GMS stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $36.82, for a total value of $460,250.00. Following the completion of the transaction, the insider now owns 495,085 shares of the company’s stock, valued at $18,229,029.70. The disclosure for this sale can be found here. Insiders sold 124,999 shares of company stock valued at $4,311,007 over the last quarter. Insiders own 5.90% of the company’s stock.

Several brokerages have recently weighed in on GMS. Royal Bank of Canada restated a “buy” rating and set a $46.00 target price on shares of GMS in a research note on Friday, December 8th. SunTrust Banks raised their target price on GMS to $45.00 and gave the company a “buy” rating in a research note on Monday, December 11th. Barclays set a $43.00 target price on GMS and gave the company a “buy” rating in a research note on Friday, December 8th. Zacks Investment Research upgraded GMS from a “sell” rating to a “hold” rating in a research note on Monday, December 4th. Finally, ValuEngine downgraded GMS from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $39.09.

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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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Institutional Ownership by Quarter for GMS (NYSE:GMS)

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