Blue Bird Co. (NASDAQ:BLBD) Shares Sold by Nebula Research & Development LLC

Nebula Research & Development LLC trimmed its stake in Blue Bird Co. (NASDAQ:BLBD - Free Report) by 36.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,006 shares of the company's stock after selling 7,397 shares during the period. Nebula Research & Development LLC's holdings in Blue Bird were worth $502,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. KBC Group NV boosted its stake in Blue Bird by 75.3% during the 4th quarter. KBC Group NV now owns 1,420 shares of the company's stock worth $55,000 after purchasing an additional 610 shares during the period. NewEdge Advisors LLC raised its stake 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 during the last quarter. New Age Alpha Advisors LLC acquired a new position in Blue Bird in the 4th quarter valued at $87,000. Nomura Asset Management Co. Ltd. purchased a new position in Blue Bird during the 4th quarter worth $132,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Blue Bird in the 4th quarter worth $137,000. Institutional investors and hedge funds own 93.59% of the company's stock.

Blue Bird Price Performance

Shares of BLBD traded up $1.96 during trading hours on Friday, reaching $37.97. 584,477 shares of the company traded hands, compared to its average volume of 666,612. The stock has a fifty day simple moving average of $34.08 and a 200 day simple moving average of $37.98. The company has a quick ratio of 0.73, a current ratio of 1.44 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $1.22 billion, a PE ratio of 11.76, a price-to-earnings-growth ratio of 0.84 and a beta of 1.42. Blue Bird Co. has a fifty-two week low of $30.04 and a fifty-two week high of $59.40.

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

Insider Transactions at Blue Bird

In related 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 value of $108,565.76. Following the transaction, the chief financial officer now owns 88,664 shares in the company, valued at approximately $3,379,871.68. This trade represents a 3.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BLBD. Needham & Company LLC cut their target price on Blue Bird from $66.00 to $49.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. StockNews.com cut shares of Blue Bird from a "buy" rating to a "hold" rating in a research note on Friday. Finally, DA Davidson lowered their target price on shares of Blue Bird from $67.00 to $61.00 and set a "buy" rating on the stock in a research report on Monday, April 21st. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $57.36.

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.