GMS Inc. (NYSE:GMS) major shareholder Coliseum Capital Management, L purchased 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 13th. The stock was acquired at an average price of $42.80 per share, for a total transaction of $2,140,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Coliseum Capital Management, L also recently made the following trade(s):
- On Thursday, April 15th, Coliseum Capital Management, L purchased 46,210 shares of GMS stock. The shares were bought at an average cost of $44.03 per share, for a total transaction of $2,034,626.30.
- On Monday, March 29th, Coliseum Capital Management, L acquired 80,000 shares of GMS stock. The stock was bought at an average price of $39.81 per share, with a total value of $3,184,800.00.
- On Wednesday, March 3rd, Coliseum Capital Management, L bought 144,800 shares of GMS stock. The shares were bought at an average price of $36.82 per share, for a total transaction of $5,331,536.00.
Shares of GMS stock opened at $44.15 on Friday. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.32 and a quick ratio of 1.52. GMS Inc. has a 1-year low of $13.23 and a 1-year high of $44.77. The business has a 50-day moving average of $40.83 and a 200-day moving average of $32.24. The company has a market capitalization of $1.89 billion, a PE ratio of 78.84 and a beta of 2.09.
Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. lifted its position in GMS by 4.6% in the 4th quarter. BlackRock Inc. now owns 6,519,810 shares of the company’s stock valued at $198,724,000 after purchasing an additional 283,837 shares during the last quarter. FMR LLC raised its holdings in shares of GMS by 27.6% in the 1st quarter. FMR LLC now owns 1,568,460 shares of the company’s stock worth $23,715,000 after purchasing an additional 338,959 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of GMS by 14.8% during the fourth quarter. JPMorgan Chase & Co. now owns 685,436 shares of the company’s stock valued at $20,893,000 after purchasing an additional 88,320 shares during the last quarter. Peregrine Capital Management LLC raised its holdings in shares of GMS by 71.7% during the fourth quarter. Peregrine Capital Management LLC now owns 632,190 shares of the company’s stock valued at $19,269,000 after acquiring an additional 263,894 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of GMS by 11.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 537,780 shares of the company’s stock worth $12,961,000 after buying an additional 55,403 shares during the period. Institutional investors and hedge funds own 93.86% of the company’s stock.
Several equities analysts recently issued reports on GMS shares. Truist boosted their target price on GMS from $34.00 to $42.00 in a research report on Friday, March 5th. Barclays upped their target price on GMS from $35.00 to $37.00 and gave the company an “equal weight” rating in a research note on Friday, March 5th. Finally, Zacks Investment Research upgraded GMS from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a research report on Tuesday, March 9th. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $31.00.
GMS Company Profile
GMS, Inc is a holding company, which engages in the distribution of wallboard and suspended ceilings systems and complementary interior construction products. It operates through the following segments: Geographic Divisions, Other, and Corporate. The Geographic Divisions segment comprises the Central, Midwest, Northeast, Southern, Southeast, Western, and Canada.
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