Hillsdale Investment Management Inc. Has $3.13 Million Holdings in Blue Bird Co. (NASDAQ:BLBD)

Hillsdale Investment Management Inc. reduced its stake in shares of Blue Bird Co. (NASDAQ:BLBD - Free Report) by 27.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 81,100 shares of the company's stock after selling 31,200 shares during the quarter. Hillsdale Investment Management Inc. owned about 0.25% of Blue Bird worth $3,133,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of BLBD. Sei Investments Co. boosted its stake in Blue Bird by 19.5% during the 4th quarter. Sei Investments Co. now owns 172,696 shares of the company's stock worth $6,671,000 after acquiring an additional 28,139 shares during the last quarter. American Century Companies Inc. raised its holdings in Blue Bird by 9.0% in the fourth quarter. American Century Companies Inc. now owns 108,336 shares of the company's stock worth $4,185,000 after purchasing an additional 8,902 shares during the period. Intech Investment Management LLC boosted its position in shares of Blue Bird by 60.4% during the fourth quarter. Intech Investment Management LLC now owns 16,458 shares of the company's stock worth $636,000 after purchasing an additional 6,196 shares in the last quarter. PFG Advisors grew its holdings in shares of Blue Bird by 43.2% in the 4th quarter. PFG Advisors now owns 9,738 shares of the company's stock valued at $376,000 after buying an additional 2,940 shares during the period. Finally, Ruffer LLP bought a new stake in shares of Blue Bird in the 4th quarter valued at $2,790,000. 93.59% of the stock is currently owned by institutional investors and hedge funds.

Blue Bird Stock Down 0.7 %

Blue Bird stock traded down $0.24 during midday trading on Thursday, reaching $33.96. The stock had a trading volume of 341,440 shares, compared to its average volume of 648,426. The stock has a market capitalization of $1.09 billion, a P/E ratio of 10.51, a price-to-earnings-growth ratio of 0.84 and a beta of 1.58. The firm's fifty day simple moving average is $36.06 and its 200-day simple moving average is $40.62. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.73 and a current ratio of 1.44. Blue Bird Co. has a 1-year low of $30.67 and a 1-year high of $59.40.

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Blue Bird (NASDAQ:BLBD - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.03. Blue Bird had a net margin of 8.05% and a return on equity of 75.22%. As a group, analysts expect that Blue Bird Co. will post 3.86 EPS for the current fiscal year.

Insider Activity

In other news, CFO Razvan Radulescu sold 2,848 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $38.12, for a total value of $108,565.76. Following the completion of the sale, the chief financial officer now owns 88,664 shares of the company's stock, valued at approximately $3,379,871.68. This represents a 3.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Needham & Company LLC lowered their price target on Blue Bird from $66.00 to $49.00 and set a "buy" rating for the company in a report on Thursday, February 6th. StockNews.com lowered Blue Bird from a "buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $58.21.

Blue Bird Company 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.