Blue Bird Co. (NASDAQ:BLBD) is Intrinsic Edge Capital Management LLC's 4th Largest Position

Intrinsic Edge Capital Management LLC lifted its stake in Blue Bird Co. (NASDAQ:BLBD - Free Report) by 540.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 540,435 shares of the company's stock after buying an additional 456,015 shares during the quarter. Blue Bird makes up about 2.5% of Intrinsic Edge Capital Management LLC's investment portfolio, making the stock its 4th largest position. Intrinsic Edge Capital Management LLC owned about 1.68% of Blue Bird worth $20,877,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of BLBD. KBC Group NV boosted its stake in shares of Blue Bird by 75.3% during the fourth quarter. KBC Group NV now owns 1,420 shares of the company's stock valued at $55,000 after purchasing an additional 610 shares in the last quarter. NewEdge Advisors LLC boosted its position in Blue Bird by 44.1% during the 4th quarter. NewEdge Advisors LLC now owns 2,204 shares of the company's stock valued at $85,000 after acquiring an additional 674 shares in the last quarter. New Age Alpha Advisors LLC purchased a new position in shares of Blue Bird in the 4th quarter valued at $87,000. New Vernon Capital Holdings II LLC bought a new position in shares of Blue Bird in the 4th quarter worth $123,000. Finally, Nomura Asset Management Co. Ltd. bought a new stake in Blue Bird during the fourth quarter valued at about $132,000. 93.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on BLBD shares. DA Davidson reduced their target price on Blue Bird from $67.00 to $61.00 and set a "buy" rating on the stock in a research report on Monday, April 21st. StockNews.com upgraded shares of Blue Bird from a "hold" rating to a "buy" rating in a research note on Saturday, April 12th. Finally, Needham & Company LLC cut their price target on shares of Blue Bird from $66.00 to $49.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Blue Bird presently has a consensus rating of "Moderate Buy" and an average price target of $57.36.

Insider Activity at Blue Bird

In other news, CFO Razvan Radulescu sold 2,848 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $38.12, for a total transaction of $108,565.76. Following the completion of the transaction, the chief financial officer now directly owns 88,664 shares of the company's stock, valued at $3,379,871.68. This trade represents a 3.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.10% of the company's stock.

Blue Bird Stock Up 1.8 %

NASDAQ:BLBD traded up $0.62 during midday trading on Thursday, hitting $35.49. 174,616 shares of the company were exchanged, compared to its average volume of 664,044. The company has a fifty day simple moving average of $34.03 and a 200 day simple moving average of $38.09. The company has a market capitalization of $1.14 billion, a PE ratio of 11.01, a price-to-earnings-growth ratio of 0.84 and a beta of 1.38. 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 current ratio of 1.44, a quick ratio of 0.73 and a debt-to-equity ratio of 0.49.

Blue Bird (NASDAQ:BLBD - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.83 by $0.03. Blue Bird had a net margin of 8.05% and a return on equity of 75.22%. As a group, equities analysts anticipate that Blue Bird Co. will post 3.86 earnings per share for the current fiscal year.

Blue Bird Company Profile

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.