Graham Capital Management L.P. Acquires New Holdings in Blue Bird Co. (NASDAQ:BLBD)

Graham Capital Management L.P. purchased a new stake in Blue Bird Co. (NASDAQ:BLBD - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 20,895 shares of the company's stock, valued at approximately $807,000. Graham Capital Management L.P. owned about 0.07% of Blue Bird as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in BLBD. Barclays PLC increased its position in shares of Blue Bird by 976.5% in the 3rd quarter. Barclays PLC now owns 128,658 shares of the company's stock valued at $6,171,000 after acquiring an additional 116,707 shares during the period. Franklin Resources Inc. grew its position in Blue Bird by 13.0% during the 3rd quarter. Franklin Resources Inc. now owns 60,329 shares of the company's stock worth $2,712,000 after purchasing an additional 6,940 shares during the period. Hennessy Advisors Inc. raised its position in Blue Bird by 6.9% during the fourth quarter. Hennessy Advisors Inc. now owns 263,400 shares of the company's stock valued at $10,175,000 after acquiring an additional 16,900 shares in the last quarter. Wedge Capital Management L L P NC lifted its stake in shares of Blue Bird by 29.6% in the 4th quarter. Wedge Capital Management L L P NC now owns 34,050 shares of the company's stock valued at $1,315,000 after purchasing an additional 7,772 shares during the period. Finally, Perpetual Ltd purchased a new stake in shares of Blue Bird during the 4th quarter worth about $262,000. Institutional investors and hedge funds own 93.59% of the company's stock.

Blue Bird Trading Down 0.2%

Shares of NASDAQ BLBD traded down $0.10 during trading on Monday, reaching $40.73. The stock had a trading volume of 46,630 shares, compared to its average volume of 645,481. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.73 and a current ratio of 1.44. The company has a market cap of $1.29 billion, a P/E ratio of 12.61, a PEG ratio of 0.84 and a beta of 1.43. The business's 50-day moving average price is $35.10 and its 200-day moving average price is $37.61. 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 posted its earnings results on Wednesday, May 7th. The company reported $0.96 EPS for the quarter, beating analysts' consensus estimates 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 company's revenue was up 3.7% on a year-over-year basis. During the same period last year, the firm posted $0.89 EPS. On average, equities research analysts predict 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 a number of research analyst reports. DA Davidson dropped their price target on shares of Blue Bird from $67.00 to $61.00 and set a "buy" rating on the stock in a research note on Monday, April 21st. StockNews.com cut Blue Bird from a "buy" rating to a "hold" rating in a research report on Tuesday, May 13th. Needham & Company LLC reduced their price objective on Blue Bird from $66.00 to $49.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Finally, Barclays lowered their target price on shares of Blue Bird from $54.00 to $50.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price 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.