GMS Inc. (NYSE:GMS) Stock Holdings Trimmed by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP trimmed its position in GMS Inc. (NYSE:GMS - Free Report) by 38.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,080 shares of the company's stock after selling 13,765 shares during the period. Advantage Alpha Capital Partners LP owned about 0.06% of GMS worth $1,873,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of GMS. AlphaQuest LLC lifted its stake in shares of GMS by 1,710.5% during the fourth quarter. AlphaQuest LLC now owns 344 shares of the company's stock valued at $29,000 after buying an additional 325 shares during the period. Blue Trust Inc. lifted its stake in shares of GMS by 71.3% during the 4th quarter. Blue Trust Inc. now owns 685 shares of the company's stock worth $62,000 after purchasing an additional 285 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of GMS by 246.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 991 shares of the company's stock worth $84,000 after purchasing an additional 705 shares during the last quarter. Stifel Financial Corp purchased a new stake in shares of GMS in the third quarter valued at $222,000. Finally, Choreo LLC increased its stake in GMS by 12.1% in the fourth quarter. Choreo LLC now owns 2,668 shares of the company's stock valued at $227,000 after purchasing an additional 288 shares during the last quarter. 95.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on GMS shares. Truist Financial decreased their price target on GMS from $97.00 to $80.00 and set a "hold" rating on the stock in a research note on Friday, March 7th. Robert W. Baird dropped their price target on GMS from $110.00 to $93.00 and set an "outperform" rating for the company in a research note on Friday, March 7th. UBS Group set a $80.00 target price on GMS in a report on Friday, March 7th. Barclays cut their price target on shares of GMS from $80.00 to $71.00 and set an "equal weight" rating on the stock in a report on Monday, March 10th. Finally, Royal Bank of Canada decreased their price objective on shares of GMS from $82.00 to $65.00 and set a "sector perform" rating for the company in a research note on Friday, March 7th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, GMS presently has a consensus 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 company's 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. GMS Inc. has a fifty-two week low of $65.88 and a fifty-two week high of $105.54. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.44 and a current ratio of 2.23. The stock's 50-day moving average price is $79.38 and its two-hundred day moving average price is $87.31.

GMS (NYSE:GMS - Get Free Report) last announced its earnings results 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 business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.29 billion. GMS had a net margin of 3.92% and a return on equity of 20.67%. As a group, sell-side analysts expect that GMS Inc. will post 7.26 EPS for the current year.

GMS Company 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.