Man Group plc Has $2.90 Million Stock Holdings in GMS Inc. (NYSE:GMS)

Man Group plc grew its holdings in GMS Inc. (NYSE:GMS - Free Report) by 1,329.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 34,138 shares of the company's stock after purchasing an additional 31,749 shares during the quarter. Man Group plc owned about 0.09% of GMS worth $2,896,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Summit Investment Advisors Inc. grew its position in shares of GMS by 3.3% in 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 during the last quarter. Inspire Investing LLC grew its position in shares of GMS by 2.9% in the fourth quarter. Inspire Investing LLC now owns 4,716 shares of the company's stock valued at $400,000 after purchasing an additional 134 shares during the last quarter. Rockefeller Capital Management L.P. grew its position in shares of 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 purchasing an additional 148 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of GMS by 7.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,936 shares of the company's stock valued at $249,000 after purchasing an additional 211 shares during the last quarter. Finally, Blue Trust Inc. grew its position in shares of GMS by 71.3% in the fourth quarter. Blue Trust Inc. now owns 685 shares of the company's stock valued at $62,000 after purchasing an additional 285 shares during the last quarter. 95.28% of the stock is owned by institutional investors and hedge funds.

GMS Price Performance

GMS traded up $2.46 during midday trading on Tuesday, reaching $76.08. 134,634 shares of the company's stock were exchanged, compared to its average volume of 415,866. The firm has a market capitalization of $2.92 billion, a price-to-earnings ratio of 13.98 and a beta of 1.66. The company has a quick ratio of 1.44, a current ratio of 2.23 and a debt-to-equity ratio of 0.97. GMS Inc. has a one year low of $65.77 and a one year high of $105.54. The business has a 50-day simple moving average of $73.26 and a two-hundred day simple moving average of $81.83.

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

Insider Activity

In other news, Director Theron I. Gilliam sold 12,474 shares of GMS stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $73.46, for a total value of $916,340.04. Following the completion of the transaction, the director now owns 31,507 shares in the company, valued at approximately $2,314,504.22. The trade was 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. bought 3,650 shares of the business's stock in a transaction dated Monday, April 7th. The stock was purchased at an average price of $70.00 per share, with a total value of $255,500.00. Following the purchase, the chief executive officer now directly owns 66,928 shares of the company's stock, valued at $4,684,960. The trade was a 5.77% increase in their position. The disclosure for this purchase can be found here. 1.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on GMS shares. UBS Group set a $80.00 target price on GMS in a research report on Friday, March 7th. DA Davidson decreased their target price on GMS from $94.00 to $80.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. Barclays decreased their target price on GMS from $80.00 to $71.00 and set an "equal weight" rating on the stock in a research report on Monday, March 10th. Royal Bank of Canada decreased their target price on GMS from $82.00 to $65.00 and set a "sector perform" rating on the stock in a research report on Friday, March 7th. Finally, Loop Capital decreased their target price on GMS from $93.00 to $80.00 and set a "hold" rating on the stock in a research report on Monday, March 10th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, GMS has a consensus rating of "Hold" and an average target price of $80.50.

About GMS

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.