Parametrica Management Ltd Invests $548,000 in GMS Inc. (GMS)

Parametrica Management Ltd acquired a new position in GMS Inc. (NYSE:GMS) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 15,480 shares of the company’s stock, valued at approximately $548,000.

Other hedge funds have also bought and sold shares of the company. Renaissance Technologies LLC bought a new position in shares of GMS in the 1st quarter worth about $7,656,000. Canada Pension Plan Investment Board bought a new position in shares of GMS in the 2nd quarter worth about $1,967,000. Bank of America Corp DE raised its position in shares of GMS by 0.3% in the 1st quarter. Bank of America Corp DE now owns 161,291 shares of the company’s stock worth $5,651,000 after acquiring an additional 489 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of GMS by 49.4% in the 1st quarter. Bank of New York Mellon Corp now owns 45,055 shares of the company’s stock worth $1,578,000 after acquiring an additional 14,893 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of GMS by 415.8% in the 1st quarter. JPMorgan Chase & Co. now owns 44,811 shares of the company’s stock worth $1,570,000 after acquiring an additional 36,124 shares in the last quarter. 56.11% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently weighed in on the company. Wells Fargo & Company assumed coverage on GMS in a research report on Wednesday, October 18th. They issued a “market perform” rating and a $38.00 price objective for the company. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $39.00 target price on shares of GMS in a research report on Tuesday, October 10th. Robert W. Baird reaffirmed a “buy” rating and issued a $37.00 target price on shares of GMS in a research report on Monday, October 9th. Northcoast Research raised GMS from a “neutral” rating to a “buy” rating and set a $34.00 target price for the company in a research report on Monday, July 3rd. Finally, Zacks Investment Research raised GMS from a “sell” rating to a “hold” rating in a research report on Monday, September 4th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. GMS has a consensus rating of “Buy” and a consensus target price of $36.83.

Shares of GMS Inc. (NYSE GMS) traded up 1.55% during mid-day trading on Tuesday, reaching $34.06. The company had a trading volume of 110,168 shares. The firm has a 50-day moving average of $34.61 and a 200-day moving average of $34.61. The company has a market capitalization of $1.40 billion, a P/E ratio of 26.08 and a beta of 3.39. GMS Inc. has a 12-month low of $20.51 and a 12-month high of $36.99.

GMS (NYSE:GMS) last issued its quarterly earnings data on Wednesday, September 6th. The company reported $0.47 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.47. GMS had a net margin of 2.28% and a return on equity of 14.13%. The business had revenue of $642.20 million during the quarter, compared to analyst estimates of $645.19 million. During the same period last year, the business posted $0.46 earnings per share. GMS’s quarterly revenue was up 16.8% compared to the same quarter last year. On average, equities analysts anticipate that GMS Inc. will post $2.01 earnings per share for the current fiscal year.

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In other GMS news, CEO G Michael Callahan, Jr. sold 12,500 shares of the firm’s stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $34.52, for a total transaction of $431,500.00. Following the completion of the transaction, the chief executive officer now owns 528,418 shares of the company’s stock, valued at $18,240,989.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lynn Ross sold 1,894 shares of the firm’s stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $34.77, for a total transaction of $65,854.38. The disclosure for this sale can be found here. Insiders sold 26,894 shares of company stock valued at $931,479 over the last 90 days. 5.90% of the stock is currently owned by company insiders.

About GMS

GMS Inc is a distributor of wallboard and suspended ceilings systems, or ceilings. The Company provides a product offering of over 20,000 stock keeping units (SKUs) of wallboard, ceilings and complementary interior construction products for interior contractors. It offers steel framing and ancillary products for its customers.

Institutional Ownership by Quarter for GMS (NYSE:GMS)

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