Blue Bird Co. (NASDAQ:BLBD) Shares Sold by Granahan Investment Management LLC

Granahan Investment Management LLC lowered its position in shares of Blue Bird Co. (NASDAQ:BLBD - Free Report) by 39.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,006 shares of the company's stock after selling 55,031 shares during the period. Granahan Investment Management LLC owned 0.27% of Blue Bird worth $3,322,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Deutsche Bank AG boosted its stake in Blue Bird by 25.9% in the fourth quarter. Deutsche Bank AG now owns 102,193 shares of the company's stock valued at $3,948,000 after acquiring an additional 21,012 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its position in shares of Blue Bird by 5.8% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 210,040 shares of the company's stock valued at $8,114,000 after acquiring an additional 11,530 shares during the period. Dunhill Financial LLC lifted its position in shares of Blue Bird by 100.0% during the 4th quarter. Dunhill Financial LLC now owns 1,000 shares of the company's stock valued at $39,000 after acquiring an additional 500 shares during the period. Balyasny Asset Management L.P. lifted its position in shares of Blue Bird by 46.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 46,596 shares of the company's stock valued at $1,800,000 after acquiring an additional 14,853 shares during the period. Finally, Bank of America Corp DE raised its position in shares of Blue Bird by 66.5% during the 4th quarter. Bank of America Corp DE now owns 782,466 shares of the company's stock worth $30,227,000 after purchasing an additional 312,493 shares during the last quarter. Institutional investors and hedge funds own 93.59% of the company's stock.

Blue Bird Trading Down 1.8%

BLBD stock traded down $0.72 during midday trading on Wednesday, hitting $39.87. The stock had a trading volume of 647,833 shares, compared to its average volume of 656,186. Blue Bird Co. has a 12-month low of $30.04 and a 12-month high of $59.40. The company's 50-day moving average price is $34.74 and its 200 day moving average price is $37.69. The firm has a market cap of $1.28 billion, a PE ratio of 12.34, a price-to-earnings-growth ratio of 0.84 and a beta of 1.43. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.44 and a quick ratio of 0.73.

Blue Bird (NASDAQ:BLBD - Get Free Report) last announced 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 analysts' expectations of $348.23 million. During the same period in the previous year, the company earned $0.89 EPS. The business's quarterly revenue was up 3.7% compared to the same quarter last year. On average, equities research analysts predict that Blue Bird Co. will post 3.86 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on BLBD shares. Needham & Company LLC cut their price objective on Blue Bird from $66.00 to $49.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Barclays cut their price objective on Blue Bird from $54.00 to $50.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. StockNews.com downgraded Blue Bird from a "buy" rating to a "hold" rating in a research report on Tuesday. Finally, DA Davidson cut their price objective on Blue Bird from $67.00 to $61.00 and set a "buy" rating for the company in a research 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 stock. Based on data from MarketBeat, Blue Bird presently 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.