Skandinaviska Enskilda Banken AB publ Acquires 22,724 Shares of Blue Bird Corp (BLBD)

Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Blue Bird Corp (NASDAQ:BLBD) by 1.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,602,090 shares of the company’s stock after acquiring an additional 22,724 shares during the period. Skandinaviska Enskilda Banken AB publ owned about 5.92% of Blue Bird worth $39,251,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Osterweis Capital Management Inc. purchased a new position in shares of Blue Bird during the 2nd quarter valued at $58,345,000. BlackRock Inc. lifted its stake in shares of Blue Bird by 42.4% during the 2nd quarter. BlackRock Inc. now owns 775,397 shares of the company’s stock valued at $17,330,000 after buying an additional 230,846 shares in the last quarter. North Star Investment Management Corp. lifted its stake in shares of Blue Bird by 2.2% during the 2nd quarter. North Star Investment Management Corp. now owns 235,045 shares of the company’s stock valued at $5,253,000 after buying an additional 5,000 shares in the last quarter. LSV Asset Management lifted its stake in shares of Blue Bird by 4.3% during the 2nd quarter. LSV Asset Management now owns 202,933 shares of the company’s stock valued at $4,535,000 after buying an additional 8,400 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Blue Bird by 16.3% during the 2nd quarter. Northern Trust Corp now owns 151,217 shares of the company’s stock valued at $3,380,000 after buying an additional 21,173 shares in the last quarter. 97.36% of the stock is owned by hedge funds and other institutional investors.

A number of research firms recently weighed in on BLBD. ValuEngine upgraded shares of Blue Bird from a “sell” rating to a “hold” rating in a research note on Friday, November 2nd. BidaskClub cut shares of Blue Bird from a “hold” rating to a “sell” rating in a research note on Wednesday, October 24th. Finally, Roth Capital set a $24.00 target price on shares of Blue Bird and gave the company a “buy” rating in a research note on Thursday, August 9th.

In other Blue Bird news, major shareholder Asp Bb Holdings Llc sold 969,850 shares of the business’s stock in a transaction on Thursday, October 18th. The shares were sold at an average price of $28.00, for a total value of $27,155,800.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Daniel J. Hennessy sold 27,887 shares of the business’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $22.84, for a total transaction of $636,939.08. Following the completion of the sale, the director now owns 5,053 shares in the company, valued at approximately $115,410.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,005,750 shares of company stock worth $27,976,317. Corporate insiders own 16.70% of the company’s stock.

Shares of BLBD stock opened at $19.75 on Thursday. The firm has a market capitalization of $515.57 million, a price-to-earnings ratio of 15.93 and a beta of 1.47. Blue Bird Corp has a 52 week low of $15.66 and a 52 week high of $26.95.

Blue Bird (NASDAQ:BLBD) last announced its quarterly earnings results on Wednesday, August 8th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.65 by $0.26. The business had revenue of $314.19 million for the quarter, compared to analysts’ expectations of $320.90 million. Blue Bird had a net margin of 3.02% and a negative return on equity of 45.73%. As a group, equities analysts forecast that Blue Bird Corp will post 1.55 earnings per share for the current year.

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About Blue Bird

Blue Bird Corporation designs, engineers, manufactures, and sells school buses and aftermarket parts in the United States, Canada, and internationally. The company operates through two segments, Buses and Aftermarket Parts. It offers Type C, Type D, and specialty buses, as well as Sigma, a bus for public transportation.

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

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