Tidal Investments LLC Invests $480,000 in Blue Bird Co. (NASDAQ:BLBD)

Tidal Investments LLC acquired a new stake in shares of Blue Bird Co. (NASDAQ:BLBD - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 12,429 shares of the company's stock, valued at approximately $480,000.

A number of other institutional investors have also recently modified their holdings of the business. Freedom Investment Management Inc. grew its position in shares of Blue Bird by 4.9% during the 4th 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 period. Quarry LP grew its position in shares of Blue Bird by 55.0% during the 4th quarter. Quarry LP now owns 1,262 shares of the company's stock valued at $49,000 after acquiring an additional 448 shares during the period. Dunhill Financial LLC boosted its holdings in 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 buying an additional 500 shares during the last quarter. KBC Group NV boosted its holdings in Blue Bird by 75.3% in the 4th quarter. KBC Group NV now owns 1,420 shares of the company's stock worth $55,000 after buying an additional 610 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC boosted 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 last quarter. 93.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on BLBD shares. Barclays reduced their price target on shares of Blue Bird from $54.00 to $50.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. Wall Street Zen lowered shares of Blue Bird from a "buy" rating to a "hold" rating in a research report on Tuesday, May 13th. Needham & Company LLC reaffirmed a "buy" rating and set a $49.00 price target on shares of Blue Bird in a research report on Tuesday, May 27th. Finally, DA Davidson cut their target price on Blue Bird from $67.00 to $61.00 and set a "buy" rating on the stock in a research report on Monday, April 21st. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $56.79.

Blue Bird Stock Up 2.0%

Shares of NASDAQ:BLBD traded up $0.77 during trading on Tuesday, hitting $38.73. The company's stock had a trading volume of 693,168 shares, compared to its average volume of 639,321. The business has a 50 day moving average price of $36.26 and a two-hundred day moving average price of $37.48. The company has a market capitalization of $1.22 billion, a PE ratio of 11.99, a P/E/G ratio of 0.84 and a beta of 1.43. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.73 and a current ratio of 1.44. Blue Bird Co. has a fifty-two week low of $30.04 and a fifty-two week high of $59.40.

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

About Blue Bird

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.