Seven Six Capital Management LLC Purchases Shares of 31,252 Blue Bird Co. (NASDAQ:BLBD)

Seven Six Capital Management LLC acquired a new stake in Blue Bird Co. (NASDAQ:BLBD - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 31,252 shares of the company's stock, valued at approximately $1,207,000. Blue Bird comprises approximately 1.0% of Seven Six Capital Management LLC's investment portfolio, making the stock its 25th largest position. Seven Six Capital Management LLC owned approximately 0.10% of Blue Bird at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sherbrooke Park Advisers LLC bought a new stake in Blue Bird in the fourth quarter worth about $385,000. ProShare Advisors LLC raised its holdings in shares of Blue Bird by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 9,054 shares of the company's stock worth $350,000 after buying an additional 2,979 shares during the period. Millennium Management LLC lifted its stake in shares of Blue Bird by 236.7% during the 4th quarter. Millennium Management LLC now owns 774,175 shares of the company's stock worth $29,906,000 after acquiring an additional 544,248 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Blue Bird by 3.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,274 shares of the company's stock worth $706,000 after acquiring an additional 654 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its holdings in Blue Bird by 23.7% during the 4th quarter. Lazard Asset Management LLC now owns 21,920 shares of the company's stock valued at $845,000 after acquiring an additional 4,200 shares during the period. Hedge funds and other institutional investors own 93.59% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Wall Street Zen lowered Blue Bird from a "buy" rating to a "hold" rating in a research note on Tuesday, May 13th. DA Davidson lowered their price objective on shares of Blue Bird from $67.00 to $61.00 and set a "buy" rating for the company in a research report on Monday, April 21st. Needham & Company LLC reduced their price objective on Blue Bird from $66.00 to $49.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Finally, Barclays dropped their price objective on shares of Blue Bird from $54.00 to $50.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $56.79.

Blue Bird Stock Performance

Blue Bird stock traded down $0.12 during mid-day trading on Thursday, reaching $39.08. 220,453 shares of the company traded hands, compared to its average volume of 594,758. The firm's fifty day moving average is $35.49 and its two-hundred day moving average is $37.63. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 12.10, a price-to-earnings-growth ratio of 0.84 and a beta of 1.43. Blue Bird Co. has a fifty-two week low of $30.04 and a fifty-two week high of $59.40. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.44 and a quick ratio of 0.73.

Blue Bird (NASDAQ:BLBD - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.96 earnings per share for the quarter, beating analysts' consensus estimates of $0.95 by $0.01. Blue Bird had a return on equity of 75.22% and a net margin of 8.05%. The business had revenue of $358.85 million for the quarter, compared to analyst estimates of $348.23 million. During the same period in the prior year, the company earned $0.89 earnings per share. The company's revenue was up 3.7% on a year-over-year basis. On average, equities research analysts expect that Blue Bird Co. will post 3.86 earnings per share for the current fiscal year.

About Blue Bird

Blue Bird Corporation, together with its subsidiaries, designs, engineers, manufactures, and sells school buses in the United States, Canada, and internationally. The company operates through two segments, Bus and Parts. It offers Type C, Type D, and specialty buses; and alternative power options through its propane powered, gasoline powered, compressed natural gas powered, and electric powered school buses, as well as diesel engines.