Regents Gate Capital LLP Increases Stock Holdings in GMS Inc. (NYSE:GMS)

Regents Gate Capital LLP increased its position in shares of GMS Inc. (NYSE:GMS - Free Report) by 1,439.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,839 shares of the company's stock after purchasing an additional 68,109 shares during the period. GMS accounts for 2.3% of Regents Gate Capital LLP's portfolio, making the stock its 20th largest holding. Regents Gate Capital LLP owned 0.19% of GMS worth $5,330,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of GMS. AlphaQuest LLC raised its position in shares of GMS by 1,710.5% during the 4th quarter. AlphaQuest LLC now owns 344 shares of the company's stock valued at $29,000 after purchasing an additional 325 shares during the period. Eukles Asset Management purchased a new stake in shares of GMS during the first quarter worth about $33,000. Canada Pension Plan Investment Board purchased a new stake in shares of GMS during the fourth quarter worth about $34,000. Versant Capital Management Inc grew its position in shares of GMS by 170.5% during the first quarter. Versant Capital Management Inc now owns 706 shares of the company's stock worth $52,000 after purchasing an additional 445 shares in the last quarter. Finally, GAMMA Investing LLC grew 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 in the last quarter. 95.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

GMS has been the subject of several research analyst reports. Royal Bank Of Canada increased their target price on GMS from $95.20 to $110.00 and gave the stock a "sector perform" rating in a research report on Tuesday, July 1st. Barclays increased their target price on GMS from $95.00 to $110.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 1st. Baird R W cut GMS from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 23rd. Loop Capital increased their target price on GMS from $95.00 to $110.00 and gave the stock a "hold" rating in a research report on Tuesday, July 1st. Finally, Robert W. Baird reiterated a "neutral" rating and set a $95.00 target price (up previously from $93.00) on shares of GMS in a research report on Monday, June 23rd. Ten investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $101.11.

GMS Price Performance

NYSE GMS traded down $0.04 during trading on Friday, hitting $109.33. 2,525,941 shares of the stock traded hands, compared to its average volume of 551,069. The company has a market capitalization of $4.16 billion, a P/E ratio of 37.83 and a beta of 1.71. The firm has a 50-day simple moving average of $85.52 and a 200-day simple moving average of $80.58. The company has a quick ratio of 1.17, a current ratio of 1.91 and a debt-to-equity ratio of 0.85. GMS Inc. has a 12-month low of $65.77 and a 12-month high of $109.70.

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

Insider Activity at GMS

In other news, COO George T. Hendren sold 5,000 shares of GMS 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 owned 23,950 shares in the company, valued at approximately $2,592,108.50. The trade was a 17.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.90% of the company's stock.

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.