Coliseum Capital Management LLC Purchases 1,085,551 Shares of GMS Inc. (NYSE:GMS)

Coliseum Capital Management LLC boosted its holdings in GMS Inc. (NYSE:GMS - Free Report) by 135.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,889,489 shares of the company's stock after acquiring an additional 1,085,551 shares during the quarter. GMS accounts for about 13.2% of Coliseum Capital Management LLC's investment portfolio, making the stock its 4th biggest position. Coliseum Capital Management LLC owned about 4.87% of GMS worth $160,285,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Summit Investment Advisors Inc. boosted its holdings in GMS by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,130 shares of the company's stock valued at $350,000 after purchasing an additional 131 shares in the last quarter. Inspire Investing LLC boosted its stake in GMS by 2.9% in the 4th quarter. Inspire Investing LLC now owns 4,716 shares of the company's stock valued at $400,000 after buying an additional 134 shares in the last quarter. Rockefeller Capital Management L.P. grew its position in GMS by 0.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 37,507 shares of the company's stock valued at $3,182,000 after acquiring an additional 148 shares during the period. PNC Financial Services Group Inc. raised its stake in GMS by 7.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,936 shares of the company's stock worth $249,000 after acquiring an additional 211 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of GMS by 71.3% during the fourth quarter. Blue Trust Inc. now owns 685 shares of the company's stock valued at $62,000 after acquiring an additional 285 shares during the period. Institutional investors and hedge funds own 95.28% of the company's stock.

Insider Buying and Selling

In related news, Director Theron I. Gilliam sold 12,474 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $73.46, for a total value of $916,340.04. Following the transaction, the director now directly owns 31,507 shares in the company, valued at approximately $2,314,504.22. This represents a 28.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO John C. Turner, Jr. purchased 3,650 shares of the stock in a transaction that occurred on Monday, April 7th. The shares were acquired at an average cost of $70.00 per share, for a total transaction of $255,500.00. Following the completion of the transaction, the chief executive officer now owns 66,928 shares of the company's stock, valued at $4,684,960. This trade represents a 5.77 % increase in their position. The disclosure for this purchase can be found here. 1.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

GMS has been the subject of a number of recent analyst reports. Barclays dropped their target price on shares of GMS from $80.00 to $71.00 and set an "equal weight" rating for the company in a research report on Monday, March 10th. Royal Bank of Canada dropped their price objective on shares of GMS from $82.00 to $65.00 and set a "sector perform" rating for the company in a report on Friday, March 7th. Robert W. Baird reduced their target price on GMS from $110.00 to $93.00 and set an "outperform" rating on the stock in a report on Friday, March 7th. UBS Group set a $80.00 price target on GMS in a research report on Friday, March 7th. Finally, DA Davidson cut their price target on GMS from $94.00 to $80.00 and set a "neutral" rating for the company in a report on Friday, March 7th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $80.50.

GMS Trading Down 0.5 %

Shares of GMS stock traded down $0.39 on Friday, hitting $75.14. The stock had a trading volume of 170,139 shares, compared to its average volume of 415,124. The company has a fifty day moving average price of $72.72 and a two-hundred day moving average price of $83.22. The company has a current ratio of 2.23, a quick ratio of 1.44 and a debt-to-equity ratio of 0.97. The firm has a market cap of $2.88 billion, a P/E ratio of 13.81 and a beta of 1.66. GMS Inc. has a twelve month low of $65.77 and a twelve month high of $105.54.

GMS (NYSE:GMS - Get Free Report) last announced its earnings results on Thursday, March 6th. The company reported $0.92 earnings per share for the quarter, missing analysts' consensus estimates of $1.39 by ($0.47). The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.29 billion. GMS had a return on equity of 20.67% and a net margin of 3.92%. As a group, analysts forecast that GMS Inc. will post 7.26 earnings per share for the current fiscal year.

GMS Profile

GMS Inc distributes wallboard, ceilings, steel framing and complementary construction products in the United States and Canada. The company offers ceilings products, including suspended mineral fibers, soft fibers, and metal ceiling systems primarily used in offices, hotels, hospitals, retail facilities, schools, and various other commercial and institutional buildings.