Two Sigma Advisers LP Sells 28,800 Shares of GMS Inc. (NYSE:GMS)

Two Sigma Advisers LP trimmed its holdings in GMS Inc. (NYSE:GMS - Free Report) by 40.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,300 shares of the company's stock after selling 28,800 shares during the quarter. Two Sigma Advisers LP owned about 0.11% of GMS worth $3,588,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC grew its stake in shares of GMS by 38.7% in the fourth quarter. FMR LLC now owns 5,868,782 shares of the company's stock worth $497,849,000 after acquiring an additional 1,636,612 shares in the last quarter. Pacer Advisors Inc. purchased a new stake in shares of GMS in the fourth quarter valued at about $109,277,000. Coliseum Capital Management LLC lifted its stake in shares of GMS by 135.0% during the fourth quarter. Coliseum Capital Management LLC now owns 1,889,489 shares of the company's stock valued at $160,285,000 after buying an additional 1,085,551 shares during the period. Granite Investment Partners LLC purchased a new position in GMS during the fourth quarter worth approximately $11,913,000. Finally, Northern Trust Corp raised its stake in GMS by 13.9% during the fourth quarter. Northern Trust Corp now owns 580,130 shares of the company's stock worth $49,212,000 after purchasing an additional 70,927 shares during the period. Institutional investors and hedge funds own 95.28% of the company's stock.

GMS Price Performance

Shares of NYSE:GMS traded down $0.61 during trading on Friday, reaching $76.11. The company had a trading volume of 139,437 shares, compared to its average volume of 396,556. The firm's fifty day moving average is $73.43 and its 200 day moving average is $81.56. The firm has a market capitalization of $2.92 billion, a PE ratio of 13.99 and a beta of 1.66. GMS Inc. has a twelve month low of $65.77 and a twelve month high of $105.54. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.44 and a current ratio of 2.23.

GMS (NYSE:GMS - Get Free Report) last issued its quarterly earnings results on Thursday, March 6th. The company reported $0.92 earnings per share for the quarter, missing analysts' consensus estimates of $1.39 by ($0.47). GMS had a return on equity of 20.67% and a net margin of 3.92%. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.29 billion. On average, equities analysts forecast that GMS Inc. will post 7.26 EPS for the current year.

Insider Buying and Selling

In related news, Director Theron I. Gilliam sold 12,474 shares of the company's stock in a transaction 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 completion of the sale, the director now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John C. Turner, Jr. acquired 3,650 shares of the business's stock in a transaction that occurred on Monday, April 7th. The shares were acquired at an average cost of $70.00 per share, with a total value of $255,500.00. Following the transaction, the chief executive officer now directly owns 66,928 shares in the company, valued at $4,684,960. The trade was a 5.77% increase in their position. The disclosure for this purchase can be found here. Insiders own 1.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on GMS. Robert W. Baird cut their price target on shares of GMS from $110.00 to $93.00 and set an "outperform" rating on the stock in a research note on Friday, March 7th. DA Davidson cut their target price on shares of GMS from $94.00 to $80.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Loop Capital cut their target price on shares of GMS from $93.00 to $80.00 and set a "hold" rating on the stock in a research note on Monday, March 10th. Barclays cut their target price on shares of GMS from $80.00 to $71.00 and set an "equal weight" rating on the stock in a research note on Monday, March 10th. Finally, UBS Group set a $80.00 target price on shares of GMS in a research note on Friday, March 7th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $80.50.

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.