Intrinsic Edge Capital Management LLC reduced its position in GMS Inc. (NYSE:GMS) by 74.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,133 shares of the company’s stock after selling 234,364 shares during the quarter. Intrinsic Edge Capital Management LLC owned approximately 0.19% of GMS worth $2,224,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in shares of GMS by 17.2% in the second quarter. Vanguard Group Inc. now owns 2,312,282 shares of the company’s stock worth $64,976,000 after purchasing an additional 339,051 shares during the period. Citadel Advisors LLC boosted its position in shares of GMS by 3.2% in the second quarter. Citadel Advisors LLC now owns 1,199,845 shares of the company’s stock worth $33,716,000 after purchasing an additional 37,668 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of GMS by 6.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,143,477 shares of the company’s stock worth $40,067,000 after purchasing an additional 66,383 shares during the period. Wells Fargo & Company MN boosted its position in shares of GMS by 43.4% in the second quarter. Wells Fargo & Company MN now owns 960,661 shares of the company’s stock worth $26,994,000 after purchasing an additional 290,711 shares during the period. Finally, Emerald Advisers Inc. PA boosted its position in shares of GMS by 15.9% in the second quarter. Emerald Advisers Inc. PA now owns 816,257 shares of the company’s stock worth $22,937,000 after purchasing an additional 111,792 shares during the period. Institutional investors and hedge funds own 55.51% of the company’s stock.

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GMS Inc. (NYSE GMS) traded down 0.81% during trading on Friday, hitting $35.60. 23,222 shares of the company’s stock were exchanged. GMS Inc. has a 12-month low of $20.51 and a 12-month high of $36.08. The company’s 50-day moving average price is $34.65 and its 200 day moving average price is $34.65. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 27.26 and a beta of 3.40.

GMS (NYSE:GMS) last posted its earnings results on Wednesday, September 6th. The company reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. The firm had revenue of $642.20 million during the quarter, compared to analyst estimates of $645.19 million. GMS had a net margin of 2.28% and a return on equity of 14.13%. The business’s quarterly revenue was up 16.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.46 EPS. Equities analysts forecast that GMS Inc. will post $2.01 earnings per share for the current fiscal year.

In related news, CEO G Michael Callahan, Jr. sold 12,500 shares of the business’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $34.73, for a total value of $434,125.00. Following the completion of the sale, the chief executive officer now owns 528,418 shares of the company’s stock, valued at approximately $18,351,957.14. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Lynn Ross sold 1,894 shares of the business’s stock in a transaction on Monday, September 25th. The stock was 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. 5.90% of the stock is currently owned by insiders.

A number of equities analysts have weighed in on the stock. Royal Bank Of Canada upped their price target on shares of GMS from $34.00 to $39.00 and gave the stock an “outperform” rating in a research report on Thursday, September 7th. Zacks Investment Research upgraded shares of GMS from a “sell” rating to a “hold” rating in a research report on Monday, September 4th. Stephens dropped their price target on shares of GMS from $40.00 to $36.00 and set an “overweight” rating for the company in a research report on Monday, July 3rd. Finally, Northcoast Research upgraded shares of GMS from a “neutral” rating to a “buy” rating and set a $34.00 price target for the company in a research report on Monday, July 3rd. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $36.40.

GMS Company Profile

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.

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Institutional Ownership by Quarter for GMS (NYSE:GMS)

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