Regents Gate Capital LLP Has $5.33 Million Stake in GMS Inc. (NYSE:GMS)

Regents Gate Capital LLP raised its holdings in shares of GMS Inc. (NYSE:GMS - Free Report) by 1,439.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,839 shares of the company's stock after purchasing an additional 68,109 shares during the quarter. GMS makes up 2.3% of Regents Gate Capital LLP's holdings, making the stock its 20th biggest position. Regents Gate Capital LLP owned about 0.19% of GMS worth $5,330,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its holdings in GMS by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 609,715 shares of the company's stock valued at $51,722,000 after acquiring an additional 15,664 shares in the last quarter. Victory Capital Management Inc. raised its holdings in GMS by 0.6% in the 4th quarter. Victory Capital Management Inc. now owns 102,134 shares of the company's stock valued at $8,664,000 after acquiring an additional 593 shares in the last quarter. Raymond James Financial Inc. acquired a new position in GMS in the 4th quarter valued at $1,547,000. PNC Financial Services Group Inc. increased its stake in shares of GMS by 7.7% in the 4th 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, AlphaQuest LLC increased its stake in shares of GMS by 1,710.5% in 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 last quarter. 95.28% of the stock is owned by institutional investors.

GMS Stock Down 0.2%

GMS stock opened at $109.32 on Wednesday. The company has a quick ratio of 1.17, a current ratio of 1.91 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $4.16 billion, a PE ratio of 37.83 and a beta of 1.71. The stock's 50 day moving average is $83.40 and its 200-day moving average is $80.10. GMS Inc. has a twelve month low of $65.77 and a twelve month high of $119.45.

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

Insider Buying and Selling

In other GMS news, COO George T. Hendren sold 5,000 shares of GMS stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $108.23, for a total value of $541,150.00. Following the sale, the chief operating officer owned 23,950 shares of the company's stock, valued at approximately $2,592,108.50. The trade was a 17.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.90% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on GMS shares. Raymond James Financial lowered GMS from an "outperform" rating to a "market perform" rating in a research report on Wednesday, June 25th. Barclays increased their price target on GMS from $95.00 to $110.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 1st. DA Davidson upped their target price on GMS from $95.20 to $110.00 and gave the company a "neutral" rating in a research report on Tuesday, July 1st. Stephens lowered GMS from a "strong-buy" rating to a "hold" rating and set a $95.00 target price on the stock. in a research report on Friday, June 27th. Finally, Truist Financial upped their target price on GMS from $105.00 to $110.00 and gave the company a "hold" rating in a research report on Tuesday, July 1st. Ten research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has an average rating of "Hold" and an average 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.