Prospect Capital Advisors LLC Has $10.51 Million Stock Holdings in Blue Bird Co. (NASDAQ:BLBD)

Prospect Capital Advisors LLC lowered its stake in shares of Blue Bird Co. (NASDAQ:BLBD - Free Report) by 13.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 272,150 shares of the company's stock after selling 43,200 shares during the period. Blue Bird comprises 6.1% of Prospect Capital Advisors LLC's portfolio, making the stock its 4th largest holding. Prospect Capital Advisors LLC owned 0.85% of Blue Bird worth $10,513,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BLBD. Dunhill Financial LLC boosted its stake in Blue Bird by 100.0% in the 4th quarter. Dunhill Financial LLC now owns 1,000 shares of the company's stock worth $39,000 after buying an additional 500 shares during the last quarter. Quarry LP raised its holdings in shares of Blue Bird by 55.0% during the fourth quarter. Quarry LP now owns 1,262 shares of the company's stock worth $49,000 after purchasing an additional 448 shares during the period. KBC Group NV boosted its position in Blue Bird by 75.3% during the 4th quarter. KBC Group NV now owns 1,420 shares of the company's stock valued at $55,000 after purchasing an additional 610 shares during the period. NewEdge Advisors LLC raised its holdings in shares of Blue Bird by 44.1% during the fourth quarter. NewEdge Advisors LLC now owns 2,204 shares of the company's stock valued at $85,000 after buying an additional 674 shares during the last quarter. Finally, New Age Alpha Advisors LLC bought a new position in shares of Blue Bird in the fourth quarter worth $87,000. 93.59% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on BLBD. Needham & Company LLC decreased their price target on shares of Blue Bird from $66.00 to $49.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. 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 report on Monday, April 21st. StockNews.com cut shares of Blue Bird from a "buy" rating to a "hold" rating in a research note on Tuesday, May 13th. Finally, Barclays dropped their price objective on shares of Blue Bird from $54.00 to $50.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, Blue Bird presently has a consensus rating of "Moderate Buy" and an average target price of $56.79.

Blue Bird Stock Performance

NASDAQ BLBD traded down $0.10 on Tuesday, hitting $41.15. 78,583 shares of the stock were exchanged, compared to its average volume of 599,563. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.44 and a quick ratio of 0.73. The business's fifty day moving average is $35.25 and its 200 day moving average is $37.60. Blue Bird Co. has a 52 week low of $30.04 and a 52 week high of $59.40. The company has a market capitalization of $1.30 billion, a PE ratio of 12.76, a P/E/G ratio of 0.84 and a beta of 1.43.

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, topping analysts' consensus estimates of $0.95 by $0.01. Blue Bird had a net margin of 8.05% and a return on equity of 75.22%. The firm had revenue of $358.85 million for the quarter, compared to the consensus estimate of $348.23 million. During the same period in the prior year, the company posted $0.89 earnings per share. The business's revenue for the quarter was up 3.7% on a year-over-year basis. Research analysts anticipate that Blue Bird Co. will post 3.86 EPS for the current fiscal year.

About Blue Bird

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.