ProShare Advisors LLC Has $1.01 Million Holdings in GMS Inc. (NYSE:GMS)

ProShare Advisors LLC grew its position in shares of GMS Inc. (NYSE:GMS - Free Report) by 42.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,894 shares of the company's stock after acquiring an additional 3,550 shares during the quarter. ProShare Advisors LLC's holdings in GMS were worth $1,009,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of GMS. AlphaQuest LLC lifted its position in GMS by 1,710.5% in the fourth quarter. AlphaQuest LLC now owns 344 shares of the company's stock worth $29,000 after purchasing an additional 325 shares during the period. Canada Pension Plan Investment Board acquired a new stake in shares of GMS in the fourth quarter valued at $34,000. Blue Trust Inc. boosted its stake in 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 buying an additional 285 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in GMS by 246.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 991 shares of the company's stock worth $84,000 after acquiring an additional 705 shares during the period. Finally, New Age Alpha Advisors LLC bought a new stake in shares of GMS in the 4th quarter worth approximately $193,000. Institutional investors own 95.28% of the company's stock.

Insiders Place Their Bets

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

Analyst Ratings Changes

A number of research firms have commented on GMS. Truist Financial reduced their price objective on shares of GMS from $97.00 to $80.00 and set a "hold" rating for the company in a research note on Friday, March 7th. DA Davidson reduced their price target on shares of GMS from $94.00 to $80.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Barclays lowered their price objective on shares of GMS from $80.00 to $71.00 and set an "equal weight" rating on the stock in a research report on Monday, March 10th. Loop Capital reduced their target price on GMS from $93.00 to $80.00 and set a "hold" rating for the company in a report on Monday, March 10th. Finally, Robert W. Baird lowered their price target on GMS from $110.00 to $93.00 and set an "outperform" rating on the stock in a report on Friday, March 7th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, GMS presently has a consensus rating of "Hold" and an average price target of $80.50.

GMS Trading Down 1.2%

GMS stock traded down $0.91 during trading on Wednesday, hitting $75.69. The company had a trading volume of 36,805 shares, compared to its average volume of 415,261. The stock has a market cap of $2.91 billion, a price-to-earnings ratio of 13.91 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. The firm has a 50-day moving average price of $73.34 and a 200-day moving average price of $81.79. GMS Inc. has a 12 month low of $65.77 and a 12 month high of $105.54.

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