Citadel Advisors LLC Boosts Holdings in GMS Inc (GMS)

Citadel Advisors LLC grew its stake in shares of GMS Inc (NYSE:GMS) by 141.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 974,060 shares of the company’s stock after acquiring an additional 570,485 shares during the period. Citadel Advisors LLC’s holdings in GMS were worth $36,664,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Valmark Advisers Inc. bought a new stake in shares of GMS during the fourth quarter worth $9,278,000. UBS Asset Management Americas Inc. lifted its holdings in shares of GMS by 59.9% during the fourth quarter. UBS Asset Management Americas Inc. now owns 15,189 shares of the company’s stock worth $572,000 after purchasing an additional 5,689 shares during the period. BlackRock Inc. lifted its holdings in shares of GMS by 1.1% during the fourth quarter. BlackRock Inc. now owns 1,688,986 shares of the company’s stock worth $63,572,000 after purchasing an additional 17,668 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of GMS by 63.1% during the fourth quarter. Bank of New York Mellon Corp now owns 171,056 shares of the company’s stock worth $6,439,000 after purchasing an additional 66,181 shares during the period. Finally, Capital Fund Management S.A. lifted 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 purchasing an additional 1,900 shares during the period. 60.16% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have recently commented on GMS shares. Barclays set a $43.00 price target on shares of GMS and gave the stock a “buy” rating in a report on Friday, December 8th. SunTrust Banks lifted their price target on shares of GMS to $45.00 and gave the stock a “buy” rating in a report on Monday, December 11th. Zacks Investment Research upgraded shares of GMS from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a report on Wednesday, November 1st. ValuEngine lowered shares of GMS from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $46.00 price target on shares of GMS in a report on Friday, December 8th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. GMS presently has an average rating of “Buy” and an average price target of $40.00.

GMS Inc (NYSE:GMS) opened at $31.67 on Monday. The stock has a market cap of $1,299.45, a price-to-earnings ratio of 23.81, a P/E/G ratio of 2.28 and a beta of 1.42. The company has a quick ratio of 1.70, a current ratio of 2.62 and a debt-to-equity ratio of 1.06. GMS Inc has a fifty-two week low of $27.20 and a fifty-two week high of $39.98.

GMS (NYSE:GMS) last released its earnings results on Thursday, December 7th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.03). The firm had revenue of $648.00 million during the quarter, compared to analyst estimates of $662.03 million. GMS had a net margin of 2.26% and a return on equity of 14.24%. GMS’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.49 EPS. equities analysts expect that GMS Inc will post 1.99 EPS for the current year.

In related news, CEO G Michael Callahan, Jr. sold 12,500 shares of the business’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $35.30, for a total value of $441,250.00. Following the transaction, the chief executive officer now owns 528,418 shares in the company, valued at $18,653,155.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Richard K. Mueller sold 500,000 shares of the business’s 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 5,267,448 shares of company stock worth $200,063,931. 5.90% of the stock is owned by company insiders.

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About GMS

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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