GMS Inc. (NYSE:GMS) Major Shareholder Coliseum Capital Management, L Sells 54,944 Shares

GMS Inc. (NYSE:GMS - Get Free Report) major shareholder Coliseum Capital Management, L sold 54,944 shares of the stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $110.05, for a total transaction of $6,046,587.20. Following the sale, the insider owned 3,486,524 shares of the company's stock, valued at approximately $383,691,966.20. This represents a 1.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Major shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.

Coliseum Capital Management, L also recently made the following trade(s):

• On Tuesday, July 15th, Coliseum Capital Management, L sold 104,550 shares of GMS stock. The shares were sold at an average price of $110.06, for a total value of $11,506,773.00.
• On Monday, July 14th, Coliseum Capital Management, L sold 179,133 shares of GMS stock. The stock was sold at an average price of $110.05, for a total value of $19,713,586.65.

GMS Stock Down 0.1%

GMS traded down $0.11 during midday trading on Friday, reaching $109.85. The company's stock had a trading volume of 1,107,545 shares, compared to its average volume of 581,969. GMS Inc. has a 1 year low of $65.77 and a 1 year high of $110.49. The stock's 50-day moving average is $88.43 and its 200-day moving average is $81.29. The firm has a market capitalization of $4.18 billion, a price-to-earnings ratio of 38.01 and a beta of 1.71. The company has a current ratio of 1.91, a quick ratio of 1.17 and a debt-to-equity ratio of 0.85.

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, topping analysts' consensus estimates of $1.11 by $0.18. The firm had revenue of $1.33 billion for 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 business's revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.93 EPS. As a group, research analysts expect that GMS Inc. will post 7.26 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on GMS. Royal Bank Of Canada raised their price target on GMS from $95.20 to $110.00 and gave the stock a "sector perform" rating in a research note on Tuesday, July 1st. DA Davidson lifted their target price on shares of GMS from $95.20 to $110.00 and gave the company a "neutral" rating in a research note on Tuesday, July 1st. Barclays increased their price target on shares of GMS from $95.00 to $110.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 1st. Robert W. Baird reaffirmed a "neutral" rating and set a $95.00 price objective (up from $93.00) on shares of GMS in a research report on Monday, June 23rd. Finally, Stephens lowered GMS from a "strong-buy" rating to a "hold" rating and set a $95.00 target price for the company. in a research report on Friday, June 27th. Ten research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, GMS currently has a consensus rating of "Hold" and a consensus target price of $101.11.

Institutional Investors Weigh In On GMS

A number of institutional investors have recently modified their holdings of GMS. AlphaQuest LLC boosted its stake in GMS by 1,710.5% in the 4th quarter. AlphaQuest LLC now owns 344 shares of the company's stock worth $29,000 after purchasing an additional 325 shares in the last quarter. Eukles Asset Management purchased a new position in GMS in the first quarter worth about $33,000. Canada Pension Plan Investment Board bought a new position in shares of GMS in the fourth quarter worth approximately $34,000. Brooklyn Investment Group purchased a new stake in shares of GMS during the first quarter valued at approximately $47,000. Finally, Versant Capital Management Inc grew its holdings in shares of GMS by 170.5% during the first quarter. Versant Capital Management Inc now owns 706 shares of the company's stock valued at $52,000 after buying an additional 445 shares during the last quarter. 95.28% of the stock is owned by hedge funds and other institutional investors.

About GMS

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.