15,912 Shares in GMS Inc. $GMS Acquired by Concentric Capital Strategies LP

Key Points

• Concentric Capital Strategies LP acquired 15,912 shares of GMS Inc., valued at approximately $1,164,000, indicating growing institutional interest in the company.
• GMS reported a quarterly earnings miss with earnings per share of $1.76, slightly below the expected $1.77, and a revenue of $1.41 billion, up from analyst expectations.
• Major shareholders, including COO George T. Hendren and Coliseum Capital Management, significantly reduced their stakes, selling over 184,000 shares combined in recent transactions.

Concentric Capital Strategies LP purchased a new position in GMS Inc. (NYSE:GMS - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 15,912 shares of the company's stock, valued at approximately $1,164,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Yousif Capital Management LLC increased its stake in GMS by 1.0% in the 1st quarter. Yousif Capital Management LLC now owns 15,143 shares of the company's stock worth $1,108,000 after purchasing an additional 147 shares in the last quarter. Vise Technologies Inc. increased its stake in GMS by 2.3% in the 4th quarter. Vise Technologies Inc. now owns 7,090 shares of the company's stock worth $601,000 after purchasing an additional 162 shares in the last quarter. SummerHaven Investment Management LLC increased its stake in GMS by 1.8% in the 1st quarter. SummerHaven Investment Management LLC now owns 9,776 shares of the company's stock worth $715,000 after purchasing an additional 171 shares in the last quarter. Sherbrooke Park Advisers LLC increased its stake in GMS by 4.0% in the 4th quarter. Sherbrooke Park Advisers LLC now owns 5,536 shares of the company's stock worth $470,000 after purchasing an additional 211 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in GMS by 38.3% in the 1st quarter. GAMMA Investing LLC now owns 801 shares of the company's stock worth $59,000 after purchasing an additional 222 shares in the last quarter. Hedge funds and other institutional investors own 95.28% of the company's stock.

Insider Activity

In related news, major shareholder Coliseum Capital Management, L sold 54,944 shares of the business's stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $110.05, for a total value of $6,046,587.20. Following the completion of the sale, the insider directly owned 3,486,524 shares in the company, valued at approximately $383,691,966.20. The trade was a 1.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO George T. Hendren sold 5,000 shares of the business's stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $108.23, for a total value of $541,150.00. Following the completion of the sale, the chief operating officer owned 23,950 shares of the company's stock, valued at approximately $2,592,108.50. This trade represents a 17.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 343,627 shares of company stock valued at $37,808,097. 1.90% of the stock is owned by corporate insiders.

GMS Stock Down 0.0%

Shares of GMS stock traded down $0.02 during trading on Friday, hitting $109.96. 710,652 shares of the stock traded hands, compared to its average volume of 780,710. The stock has a market cap of $4.20 billion, a P/E ratio of 42.29 and a beta of 1.76. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.31 and a current ratio of 2.11. GMS Inc. has a twelve month low of $65.77 and a twelve month high of $110.28. The company has a fifty day moving average price of $109.64 and a two-hundred day moving average price of $87.81.

GMS (NYSE:GMS - Get Free Report) last announced its quarterly earnings results on Thursday, September 4th. The company reported $1.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.77 by ($0.01). The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.40 billion. GMS had a net margin of 1.86% and a return on equity of 16.36%. The firm's quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.93 earnings per share. Equities research analysts predict that GMS Inc. will post 7.26 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on GMS. Royal Bank Of Canada lifted their target price on GMS from $95.20 to $110.00 and gave the company a "sector perform" rating in a research note on Tuesday, July 1st. Robert W. Baird reaffirmed a "neutral" rating and set a $95.00 target price (up previously from $93.00) on shares of GMS in a research note on Monday, June 23rd. Stephens cut GMS from a "strong-buy" rating to a "hold" rating and set a $95.00 target price on the stock. in a research note on Friday, June 27th. DA Davidson lifted their target price on GMS from $95.20 to $110.00 and gave the company a "neutral" rating in a research note on Tuesday, July 1st. Finally, Barclays lifted their target price on GMS from $95.00 to $110.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 1st. Nine investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $101.11.

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.