Advantage Alpha Capital Partners LP Has $3.25 Million Position in GMS Inc. (NYSE:GMS)

Advantage Alpha Capital Partners LP grew its holdings in shares of GMS Inc. (NYSE:GMS - Free Report) by 21.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,845 shares of the company's stock after buying an additional 6,378 shares during the quarter. Advantage Alpha Capital Partners LP owned approximately 0.09% of GMS worth $3,246,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of GMS. Comerica Bank raised its holdings in GMS by 157.0% during the first quarter. Comerica Bank now owns 48,284 shares of the company's stock worth $4,700,000 after acquiring an additional 29,495 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of GMS by 6.4% during the 3rd quarter. Victory Capital Management Inc. now owns 101,541 shares of the company's stock worth $9,197,000 after purchasing an additional 6,136 shares in the last quarter. Algert Global LLC boosted its holdings in shares of GMS by 22.8% in the 2nd quarter. Algert Global LLC now owns 151,535 shares of the company's stock valued at $12,215,000 after buying an additional 28,137 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of GMS by 630.8% in the first quarter. Public Employees Retirement System of Ohio now owns 43,846 shares of the company's stock valued at $4,268,000 after buying an additional 37,846 shares in the last quarter. Finally, Intech Investment Management LLC increased its holdings in GMS by 148.8% during the third quarter. Intech Investment Management LLC now owns 16,511 shares of the company's stock worth $1,495,000 after buying an additional 9,876 shares during the last quarter. 95.28% of the stock is currently owned by institutional investors and hedge funds.

GMS Stock Performance

Shares of GMS traded down $3.36 during mid-day trading on Tuesday, hitting $100.48. 410,997 shares of the company's stock were exchanged, compared to its average volume of 379,483. The company has a quick ratio of 1.45, a current ratio of 2.31 and a debt-to-equity ratio of 0.90. GMS Inc. has a 52 week low of $65.46 and a 52 week high of $105.54. The stock's 50-day simple moving average is $93.90 and its 200-day simple moving average is $90.62. The firm has a market cap of $3.95 billion, a price-to-earnings ratio of 17.13 and a beta of 1.68.

GMS (NYSE:GMS - Get Free Report) last posted its quarterly earnings data on Thursday, August 29th. The company reported $1.93 EPS for the quarter, missing analysts' consensus estimates of $2.14 by ($0.21). The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.48 billion. GMS had a return on equity of 22.02% and a net margin of 4.45%. GMS's revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the business earned $2.40 EPS. On average, equities research analysts expect that GMS Inc. will post 7.95 EPS for the current year.

Insider Activity at GMS

In other GMS news, COO George T. Hendren sold 5,000 shares of the business's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $102.13, for a total transaction of $510,650.00. Following the completion of the transaction, the chief operating officer now directly owns 23,772 shares in the company, valued at $2,427,834.36. The trade was a 17.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Truist Financial decreased their price objective on shares of GMS from $95.00 to $90.00 and set a "hold" rating for the company in a research report on Friday, August 30th. Barclays dropped their price objective on GMS from $81.00 to $80.00 and set an "equal weight" rating on the stock in a research note on Monday, September 9th. Loop Capital lifted their target price on GMS from $85.00 to $93.00 and gave the stock a "hold" rating in a research note on Monday. StockNews.com cut GMS from a "buy" rating to a "hold" rating in a research note on Monday, September 2nd. Finally, Robert W. Baird raised their price target on GMS from $96.00 to $115.00 and gave the company an "outperform" rating in a report on Wednesday, October 16th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $92.50.

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.