Shares of Blue Bird Corp (NASDAQ:BLBD) hit a new 52-week low during trading on Friday . The stock traded as low as $16.67 and last traded at $16.82, with a volume of 2119 shares. The stock had previously closed at $17.28.
BLBD has been the topic of several research analyst reports. ValuEngine downgraded shares of Blue Bird from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. BidaskClub upgraded shares of Blue Bird from a “sell” rating to a “hold” rating in a report on Saturday, October 6th. Finally, Roth Capital restated a “buy” rating and set a $22.00 target price on shares of Blue Bird in a report on Tuesday, December 4th.
The firm has a market capitalization of $427.62 million, a P/E ratio of 10.28 and a beta of 1.47.
In other news, major shareholder Asp Bb Holdings Llc sold 969,850 shares of the firm’s stock in a transaction that occurred on Thursday, October 18th. The shares were sold at an average price of $28.00, for a total transaction of $27,155,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.40% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of the company. Osterweis Capital Management Inc. bought a new position in shares of Blue Bird during the 2nd quarter worth approximately $58,345,000. Skandinaviska Enskilda Banken AB publ grew its stake in shares of Blue Bird by 1.4% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 1,602,090 shares of the company’s stock worth $39,251,000 after acquiring an additional 22,724 shares in the last quarter. William Blair Investment Management LLC grew its stake in shares of Blue Bird by 12.4% during the 3rd quarter. William Blair Investment Management LLC now owns 1,178,230 shares of the company’s stock worth $28,867,000 after acquiring an additional 130,363 shares in the last quarter. BlackRock Inc. grew its stake in shares of Blue Bird by 18.8% during the 3rd quarter. BlackRock Inc. now owns 921,375 shares of the company’s stock worth $22,573,000 after acquiring an additional 145,978 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Blue Bird by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 672,474 shares of the company’s stock worth $16,476,000 after acquiring an additional 11,537 shares in the last quarter. 96.13% of the stock is owned by institutional investors.
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About Blue Bird (NASDAQ:BLBD)
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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