GMS Inc. $GMS Shares Acquired by Advantage Alpha Capital Partners LP

Key Points

• Advantage Alpha Capital Partners LP increased its stake in GMS Inc. by 150.1%, holding 55,222 shares valued at approximately $4 million.
• GMS recently reported earnings per share of $1.29, surpassing analysts' expectations of $1.11, despite a 5.6% decline in revenue compared to the previous year.
• Following recent analyses, the stock currently has a consensus rating of "Hold" with an average price target set at $101.11.

Advantage Alpha Capital Partners LP grew its holdings in shares of GMS Inc. (NYSE:GMS - Free Report) by 150.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 55,222 shares of the company's stock after buying an additional 33,142 shares during the quarter. Advantage Alpha Capital Partners LP owned 0.14% of GMS worth $4,041,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in GMS. Yousif Capital Management LLC raised its holdings in GMS by 1.0% in the first quarter. Yousif Capital Management LLC now owns 15,143 shares of the company's stock valued at $1,108,000 after acquiring an additional 147 shares in the last quarter. Vise Technologies Inc. increased its position in shares of 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 during the last quarter. SummerHaven Investment Management LLC increased its position in shares of 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 during the last quarter. Sherbrooke Park Advisers LLC raised its stake in shares of GMS by 4.0% in the 4th quarter. Sherbrooke Park Advisers LLC now owns 5,536 shares of the company's stock valued at $470,000 after purchasing an additional 211 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of GMS by 38.3% during the first quarter. GAMMA Investing LLC now owns 801 shares of the company's stock worth $59,000 after purchasing an additional 222 shares during the last quarter. Institutional investors and hedge funds own 95.28% of the company's stock.

GMS Stock Performance

NYSE:GMS traded down $0.07 during midday trading on Monday, reaching $109.83. 754,927 shares of the company traded hands, compared to its average volume of 788,166. The firm has a market capitalization of $4.18 billion, a price-to-earnings ratio of 38.00 and a beta of 1.76. The company has a fifty day moving average price of $105.80 and a 200 day moving average price of $85.99. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.91 and a quick ratio of 1.17. GMS Inc. has a twelve month low of $65.77 and a twelve month high of $110.28.

GMS (NYSE:GMS - Get Free Report) last posted its earnings results on Wednesday, June 18th. The company reported $1.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.11 by $0.18. GMS had a return on equity of 16.97% and a net margin of 2.09%.The company had revenue of $1.33 billion for the quarter, compared to analysts' expectations of $1.30 billion. During the same period last year, the business posted $1.93 earnings per share. The firm's quarterly revenue was down 5.6% compared to the same quarter last year. On average, analysts expect that GMS Inc. will post 7.26 EPS for the current fiscal year.

Insider Activity

In related news, COO George T. Hendren sold 5,000 shares of the 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 transaction, the chief operating officer directly owned 23,950 shares of the company's stock, valued at $2,592,108.50. This represents a 17.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Coliseum Capital Management, L sold 54,944 shares of the 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 transaction, the insider directly owned 3,486,524 shares of the company's stock, valued at $383,691,966.20. This trade represents a 1.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 343,627 shares of company stock worth $37,808,097. 1.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Stephens lowered GMS from a "strong-buy" rating to a "hold" rating and set a $95.00 price objective for the company. in a report on Friday, June 27th. Raymond James Financial lowered GMS from an "outperform" rating to a "market perform" rating in a research report on Wednesday, June 25th. Truist Financial upped their price target on GMS from $105.00 to $110.00 and gave the company a "hold" rating in a research report on Tuesday, July 1st. Royal Bank Of Canada lifted their price objective on shares of GMS from $95.20 to $110.00 and gave the stock a "sector perform" rating in a report on Tuesday, July 1st. Finally, Baird R W cut shares of GMS from a "strong-buy" rating to a "hold" rating in a report on Monday, June 23rd. Nine investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $101.11.

GMS Company 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.