Cider Mill Investments LP decreased its position in shares of GMS Inc (NYSE:GMS) by 5.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 238,376 shares of the company’s stock after selling 12,840 shares during the period. GMS comprises 3.6% of Cider Mill Investments LP’s portfolio, making the stock its 13th biggest position. Cider Mill Investments LP owned about 0.58% of GMS worth $8,972,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital Fund Management S.A. increased its holdings in shares of GMS by 17.0% during the fourth quarter. Capital Fund Management S.A. now owns 13,100 shares of the company’s stock worth $493,000 after buying an additional 1,900 shares in the last quarter. Great West Life Assurance Co. Can increased its holdings in shares of GMS by 213.7% in the third quarter. Great West Life Assurance Co. Can now owns 2,823 shares of the company’s stock valued at $100,000 after purchasing an additional 1,923 shares in the last quarter. California State Teachers Retirement System increased its holdings in shares of GMS by 5.5% in the third quarter. California State Teachers Retirement System now owns 44,004 shares of the company’s stock valued at $1,558,000 after purchasing an additional 2,287 shares in the last quarter. Paloma Partners Management Co increased its holdings in shares of GMS by 42.1% in the fourth quarter. Paloma Partners Management Co now owns 8,719 shares of the company’s stock valued at $328,000 after purchasing an additional 2,583 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of GMS in the fourth quarter valued at approximately $129,000. 72.83% of the stock is owned by institutional investors.
Shares of GMS Inc (NYSE GMS) opened at $33.46 on Tuesday. The company has a current ratio of 2.91, a quick ratio of 1.80 and a debt-to-equity ratio of 1.02. GMS Inc has a fifty-two week low of $27.20 and a fifty-two week high of $39.98. The company has a market cap of $1,381.92, a price-to-earnings ratio of 20.54, a price-to-earnings-growth ratio of 2.40 and a beta of 1.70.
In other GMS news, Chairman Richard K. Mueller sold 500,000 shares of GMS stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $38.05, for a total transaction of $19,025,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider G Michael Callahan, Jr. sold 12,500 shares of GMS stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $31.77, for a total transaction of $397,125.00. Following the sale, the insider now directly owns 461,752 shares of the company’s stock, valued at approximately $14,669,861.04. The disclosure for this sale can be found here. Insiders have sold a total of 5,104,166 shares of company stock valued at $193,903,602 in the last ninety days. Company insiders own 5.90% of the company’s stock.
GMS has been the subject of a number of research reports. Zacks Investment Research lowered shares of GMS from a “hold” rating to a “sell” rating in a report on Tuesday, November 28th. ValuEngine lowered shares of GMS from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Royal Bank of Canada reissued a “buy” rating and issued a $46.00 price target on shares of GMS in a report on Friday, December 8th. Barclays set a $43.00 price target on shares of GMS and gave the company a “buy” rating in a report on Friday, December 8th. Finally, SunTrust Banks raised their price target on shares of GMS to $45.00 and gave the company a “buy” rating in a report on Monday, December 11th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $38.89.
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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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