Sherbrooke Park Advisers LLC Invests $385,000 in Blue Bird Co. (NASDAQ:BLBD)

Sherbrooke Park Advisers LLC acquired a new stake in shares of Blue Bird Co. (NASDAQ:BLBD - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 9,972 shares of the company's stock, valued at approximately $385,000.

Several other institutional investors also recently made changes to their positions in BLBD. Freedom Investment Management Inc. boosted its holdings in Blue Bird by 4.9% in the fourth quarter. Freedom Investment Management Inc. now owns 8,461 shares of the company's stock valued at $327,000 after acquiring an additional 392 shares during the last quarter. Quarry LP raised its holdings in shares of Blue Bird by 55.0% in the 4th quarter. Quarry LP now owns 1,262 shares of the company's stock worth $49,000 after purchasing an additional 448 shares during the period. Dunhill Financial LLC raised its holdings in shares of Blue Bird by 100.0% in the 4th quarter. Dunhill Financial LLC now owns 1,000 shares of the company's stock worth $39,000 after purchasing an additional 500 shares during the period. KBC Group NV lifted its stake in shares of Blue Bird by 75.3% in the 4th quarter. KBC Group NV now owns 1,420 shares of the company's stock valued at $55,000 after purchasing an additional 610 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC grew its holdings in shares of Blue Bird by 15.7% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 4,729 shares of the company's stock worth $183,000 after purchasing an additional 640 shares during the period. 93.59% of the stock is owned by hedge funds and other institutional investors.

Blue Bird Stock Down 1.1%

Shares of NASDAQ BLBD traded down $0.45 during trading on Friday, reaching $38.77. 48,106 shares of the stock were exchanged, compared to its average volume of 640,687. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 12.00, a price-to-earnings-growth ratio of 0.84 and a beta of 1.43. The business's 50-day moving average price is $35.58 and its 200 day moving average price is $37.60. The company has a quick ratio of 0.73, a current ratio of 1.44 and a debt-to-equity ratio of 0.49. Blue Bird Co. has a twelve month low of $30.04 and a twelve month high of $59.40.

Blue Bird (NASDAQ:BLBD - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.01. The firm had revenue of $358.85 million for the quarter, compared to the consensus estimate of $348.23 million. Blue Bird had a net margin of 8.05% and a return on equity of 75.22%. The firm's quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.89 EPS. As a group, equities analysts forecast that Blue Bird Co. will post 3.86 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BLBD has been the topic of several research reports. Wall Street Zen lowered shares of Blue Bird from a "buy" rating to a "hold" rating in a report on Tuesday, May 13th. Barclays dropped their price objective on shares of Blue Bird from $54.00 to $50.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. Needham & Company LLC reduced their target price on shares of Blue Bird from $66.00 to $49.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Finally, DA Davidson lowered their price target on Blue Bird from $67.00 to $61.00 and set a "buy" rating for the company in a report on Monday, April 21st. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $56.79.

Blue Bird Profile

Blue Bird Corporation, together with its subsidiaries, designs, engineers, manufactures, and sells school buses in the United States, Canada, and internationally. The company operates through two segments, Bus and Parts. It offers Type C, Type D, and specialty buses; and alternative power options through its propane powered, gasoline powered, compressed natural gas powered, and electric powered school buses, as well as diesel engines.