Paloma Partners Management Co Raises Position in GMS Inc (GMS)

Paloma Partners Management Co grew its position in shares of GMS Inc (NYSE:GMS) by 42.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,719 shares of the company’s stock after purchasing an additional 2,583 shares during the quarter. Paloma Partners Management Co’s holdings in GMS were worth $328,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Capital Fund Management S.A. raised its holdings in GMS by 17.0% during the 4th quarter. Capital Fund Management S.A. now owns 13,100 shares of the company’s stock worth $493,000 after purchasing an additional 1,900 shares during the last quarter. Great West Life Assurance Co. Can raised its holdings in GMS by 213.7% during the 3rd quarter. Great West Life Assurance Co. Can now owns 2,823 shares of the company’s stock worth $100,000 after purchasing an additional 1,923 shares during the last quarter. California State Teachers Retirement System raised its holdings in GMS by 5.5% during the 3rd quarter. California State Teachers Retirement System now owns 44,004 shares of the company’s stock worth $1,558,000 after purchasing an additional 2,287 shares during the last quarter. SG Americas Securities LLC bought a new position in GMS during the 4th quarter worth approximately $129,000. Finally, American International Group Inc. raised its holdings in GMS by 25.0% during the 3rd quarter. American International Group Inc. now owns 18,270 shares of the company’s stock worth $647,000 after purchasing an additional 3,656 shares during the last quarter. Hedge funds and other institutional investors own 72.83% of the company’s stock.

How to Become a New Pot Stock Millionaire

In related news, insider G Michael Callahan, Jr. sold 12,500 shares of GMS stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $31.77, for a total value of $397,125.00. Following the completion of the sale, the insider now owns 461,752 shares of the company’s stock, valued at approximately $14,669,861.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider G Michael Callahan, Jr. sold 33,333 shares of GMS stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $37.79, for a total transaction of $1,259,654.07. Following the completion of the sale, the insider now directly owns 495,085 shares of the company’s stock, valued at approximately $18,709,262.15. The disclosure for this sale can be found here. Insiders sold a total of 124,999 shares of company stock valued at $4,311,007 in the last quarter. 5.90% of the stock is currently owned by company insiders.

Shares of GMS Inc (NYSE GMS) opened at $30.44 on Monday. The firm has a market cap of $1,248.98, a price-to-earnings ratio of 19.03, a PEG ratio of 2.17 and a beta of 1.70. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.91 and a quick ratio of 1.80. GMS Inc has a one year low of $27.20 and a one year high of $39.98.

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

Several research analysts have issued reports on the stock. Instinet assumed coverage on shares of GMS in a report on Tuesday, March 13th. They set a “buy” rating and a $40.00 price target for the company. Nomura assumed coverage on shares of GMS in a report on Tuesday, March 13th. They set a “buy” rating and a $40.00 price target for the company. Northcoast Research set a $41.00 price target on shares of GMS and gave the stock a “buy” rating in a report on Wednesday, March 7th. Royal Bank of Canada set a $38.00 price target on shares of GMS and gave the stock a “buy” rating in a report on Wednesday, March 7th. Finally, Barclays restated a “buy” rating and set a $42.00 price target on shares of GMS in a report on Wednesday, March 7th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $39.09.

TRADEMARK VIOLATION WARNING: This story was first reported by Ticker Report and is owned by of Ticker Report. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of US & international trademark & copyright laws. The legal version of this story can be viewed at https://www.tickerreport.com/banking-finance/3302345/paloma-partners-management-co-raises-position-in-gms-inc-gms.html.

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.

Want to see what other hedge funds are holding GMS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GMS Inc (NYSE:GMS).

Institutional Ownership by Quarter for GMS (NYSE:GMS)

Receive News & Ratings for GMS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GMS and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

United States Lime & Minerals  Issues  Earnings Results
United States Lime & Minerals Issues Earnings Results
Zimmer Biomet  Announces  Earnings Results
Zimmer Biomet Announces Earnings Results
TriMas  Releases FY18 Earnings Guidance
TriMas Releases FY18 Earnings Guidance
Analyzing Liberty Tax Service  & Its Peers
Analyzing Liberty Tax Service & Its Peers
Contrasting Ituran  & Arrow Electronics
Contrasting Ituran & Arrow Electronics
Constellium  vs. Aqua Metals  Head-To-Head Survey
Constellium vs. Aqua Metals Head-To-Head Survey


© 2006-2018 Ticker Report. Google+.