Sei Investments Co. Has $19.60 Million Position in GMS Inc. (NYSE:GMS)

Sei Investments Co. grew its stake in shares of GMS Inc. (NYSE:GMS - Free Report) by 4.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 231,035 shares of the company's stock after purchasing an additional 10,297 shares during the quarter. Sei Investments Co. owned approximately 0.60% of GMS worth $19,599,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. AlphaQuest LLC lifted its position in GMS by 1,710.5% in the 4th quarter. AlphaQuest LLC now owns 344 shares of the company's stock valued at $29,000 after purchasing an additional 325 shares during the last quarter. Blue Trust Inc. grew its holdings in GMS by 71.3% in the 4th quarter. Blue Trust Inc. now owns 685 shares of the company's stock worth $62,000 after buying an additional 285 shares in the last quarter. Smartleaf Asset Management LLC increased its position in GMS by 246.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 991 shares of the company's stock valued at $84,000 after acquiring an additional 705 shares during the period. Stifel Financial Corp bought a new stake in GMS during the 3rd quarter valued at $222,000. Finally, Choreo LLC raised its stake 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 in the last quarter. 95.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Truist Financial cut their price objective on shares of GMS from $97.00 to $80.00 and set a "hold" rating on the stock in a research note on Friday, March 7th. Barclays lowered their price objective on shares of GMS from $80.00 to $71.00 and set an "equal weight" rating on the stock in a research note on Monday, March 10th. UBS Group set a $80.00 target price on GMS in a report on Friday, March 7th. Royal Bank of Canada decreased their price target on GMS from $82.00 to $65.00 and set a "sector perform" rating for the company in a research note on Friday, March 7th. Finally, Robert W. Baird dropped their price objective on GMS from $110.00 to $93.00 and set an "outperform" rating on the stock in a research note on Friday, March 7th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, GMS currently has an average rating of "Hold" and an average target price of $80.50.

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GMS Price Performance

Shares of GMS traded up $0.55 during trading hours on Tuesday, hitting $73.72. 284,021 shares of the company were exchanged, compared to its average volume of 410,306. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.23 and a quick ratio of 1.44. The company has a market capitalization of $2.83 billion, a PE ratio of 13.55 and a beta of 1.73. The firm has a fifty day simple moving average of $78.92 and a 200-day simple moving average of $87.20. GMS Inc. has a one year low of $65.88 and a one year high of $105.54.

GMS (NYSE:GMS - Get Free Report) last released its quarterly earnings results on Thursday, March 6th. The company reported $0.92 earnings per share for the quarter, missing analysts' consensus estimates of $1.39 by ($0.47). The company 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 predict that GMS Inc. will post 7.26 earnings per share for the current 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.