Jane Street Group LLC Sells 34,493 Shares of GMS Inc. (NYSE:GMS)

Jane Street Group LLC lowered its stake in GMS Inc. (NYSE:GMS - Free Report) by 21.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 123,255 shares of the company's stock after selling 34,493 shares during the quarter. Jane Street Group LLC owned 0.32% of GMS worth $10,456,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in GMS. FMR LLC raised its position in shares of GMS by 38.7% during the 4th quarter. FMR LLC now owns 5,868,782 shares of the company's stock valued at $497,849,000 after purchasing an additional 1,636,612 shares during the period. Pacer Advisors Inc. bought a new position in shares of GMS during the 4th quarter valued at approximately $109,277,000. Charles Schwab Investment Management Inc. grew its holdings in GMS by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 609,715 shares of the company's stock valued at $51,722,000 after purchasing an additional 15,664 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. lifted its stake in shares of GMS by 3.4% during the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 596,444 shares of the company's stock worth $50,596,000 after acquiring an additional 19,833 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of GMS by 13.9% during the fourth quarter. Northern Trust Corp now owns 580,130 shares of the company's stock valued at $49,212,000 after purchasing an additional 70,927 shares during the period. 95.28% of the stock is currently owned by institutional investors.

GMS Stock Performance

GMS stock traded down $0.39 during trading on Friday, hitting $75.14. The company had a trading volume of 170,139 shares, compared to its average volume of 414,303. The firm has a 50-day moving average price of $72.72 and a 200-day moving average price of $83.27. GMS Inc. has a 1-year low of $65.77 and a 1-year high of $105.54. The firm has a market cap of $2.88 billion, a PE ratio of 13.81 and a beta of 1.66. The company has a quick ratio of 1.44, a current ratio of 2.23 and a debt-to-equity ratio of 0.97.

GMS (NYSE:GMS - Get Free Report) last issued its earnings results on Thursday, March 6th. The company reported $0.92 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $1.29 billion. On average, analysts expect that GMS Inc. will post 7.26 earnings per share for the current year.

Insider Activity

In other GMS news, Director Theron I. Gilliam sold 12,474 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $73.46, for a total value of $916,340.04. Following the completion of the sale, the director now directly owns 31,507 shares in the company, valued at $2,314,504.22. This represents a 28.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO John C. Turner, Jr. bought 3,650 shares of the company's stock in a transaction that occurred on Monday, April 7th. The stock was acquired at an average price of $70.00 per share, for a total transaction of $255,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 66,928 shares in the company, valued at approximately $4,684,960. This represents a 5.77 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.90% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. UBS Group set a $80.00 price target on shares of GMS in a report on Friday, March 7th. Royal Bank of Canada dropped their price objective on shares of GMS from $82.00 to $65.00 and set a "sector perform" rating on the stock in a report on Friday, March 7th. DA Davidson reduced their price target on shares of GMS from $94.00 to $80.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Barclays lowered their target price on 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, Robert W. Baird cut their price objective on shares of GMS from $110.00 to $93.00 and set an "outperform" rating for the company in a report on Friday, March 7th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $80.50.

GMS 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.