Advantage Alpha Capital Partners LP Sells 13,765 Shares of GMS Inc. (NYSE:GMS)

Advantage Alpha Capital Partners LP reduced its holdings in GMS Inc. (NYSE:GMS) by 38.4% in the 4th quarter, Holdings Channel reports. The fund owned 22,080 shares of the company’s stock after selling 13,765 shares during the quarter. Advantage Alpha Capital Partners LP’s holdings in GMS were worth $1,873,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Inspire Investing LLC grew its position in shares of GMS by 2.9% in the 4th quarter. Inspire Investing LLC now owns 4,716 shares of the company’s stock valued at $400,000 after purchasing an additional 134 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of GMS by 7.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,936 shares of the company’s stock valued at $249,000 after buying an additional 211 shares during the period. Blue Trust Inc. lifted its position in GMS by 71.3% in the 4th quarter. Blue Trust Inc. now owns 685 shares of the company’s stock valued at $62,000 after acquiring an additional 285 shares in the last quarter. Choreo LLC boosted its stake in GMS by 12.1% in the 4th quarter. Choreo LLC now owns 2,668 shares of the company’s stock worth $227,000 after purchasing an additional 288 shares during the period. Finally, AlphaQuest LLC increased its holdings in GMS by 1,710.5% during the 4th quarter. AlphaQuest LLC now owns 344 shares of the company’s stock worth $29,000 after purchasing an additional 325 shares in the last quarter. Institutional investors and hedge funds own 95.28% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on GMS. Royal Bank of Canada cut their price target on GMS from $82.00 to $65.00 and set a “sector perform” rating on the stock in a report on Friday, March 7th. Truist Financial cut their target price 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 decreased their price target on shares of GMS from $110.00 to $93.00 and set an “outperform” rating for the company in a research note on Friday, March 7th. DA Davidson cut 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. Finally, UBS Group set a $80.00 target price on shares of GMS in a report on Friday, March 7th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $80.50.

GMS Price Performance

Shares of GMS opened at $72.43 on Monday. The company has a current ratio of 2.23, a quick ratio of 1.44 and a debt-to-equity ratio of 0.97. The company’s fifty day simple moving average is $80.11 and its 200 day simple moving average is $87.64. GMS Inc. has a 1-year low of $65.88 and a 1-year high of $105.54. The company has a market cap of $2.78 billion, a price-to-earnings ratio of 13.31 and a beta of 1.73.

GMS (NYSE:GMS) last released its quarterly earnings data on Thursday, March 6th. The company reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.47). GMS had a return on equity of 20.67% and a net margin of 3.92%. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.29 billion. On average, research analysts forecast that GMS Inc. will post 7.26 earnings per share 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.