Quantbot Technologies LP Makes New $1.11 Million Investment in GMS Inc. (NYSE:GMS)

Quantbot Technologies LP purchased a new position in shares of GMS Inc. (NYSE:GMS - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 13,027 shares of the company's stock, valued at approximately $1,105,000.

Other hedge funds have also recently made changes to their positions in the company. AlphaQuest LLC raised its position 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 during the period. Blue Trust Inc. increased its holdings in shares of GMS by 71.3% in the fourth quarter. Blue Trust Inc. now owns 685 shares of the company's stock worth $62,000 after buying an additional 285 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of GMS by 246.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 991 shares of the company's stock worth $84,000 after buying an additional 705 shares during the period. Stifel Financial Corp bought a new stake in shares of GMS in the 3rd quarter valued at about $222,000. Finally, Choreo LLC boosted its holdings in GMS by 12.1% during the 4th quarter. Choreo LLC now owns 2,668 shares of the company's stock valued at $227,000 after acquiring an additional 288 shares during the period. 95.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Robert W. Baird lowered their price objective on GMS from $110.00 to $93.00 and set an "outperform" rating for the company in a research report on Friday, March 7th. Truist Financial dropped their price target on shares of GMS from $97.00 to $80.00 and set a "hold" rating for the company in a research report on Friday, March 7th. DA Davidson decreased their price objective on shares of GMS from $94.00 to $80.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. Loop Capital dropped their target price on shares of GMS from $93.00 to $80.00 and set a "hold" rating for the company in a report on Monday, March 10th. Finally, UBS Group set a $80.00 price target on GMS in a report on Friday, March 7th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $80.50.

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GMS Stock Down 2.0 %

Shares of NYSE:GMS traded down $1.49 during trading on Friday, hitting $73.80. The stock had a trading volume of 240,139 shares, compared to its average volume of 410,114. The company has a market capitalization of $2.83 billion, a PE ratio of 13.57 and a beta of 1.73. The company has a quick ratio of 1.44, a current ratio of 2.23 and a debt-to-equity ratio of 0.97. The firm's fifty day moving average is $79.38 and its 200 day moving average is $87.34. GMS Inc. has a 12 month low of $65.88 and a 12 month high of $105.54.

GMS (NYSE:GMS - Get Free Report) last posted its quarterly earnings data on Thursday, March 6th. The company reported $0.92 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.39 by ($0.47). The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.29 billion. GMS had a return on equity of 20.67% and a net margin of 3.92%. Analysts anticipate that GMS Inc. will post 7.26 EPS for the current fiscal year.

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.