Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Blue Bird Corporation (NASDAQ:BLBD) by 1.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,785,806 shares of the company’s stock after buying an additional 17,936 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned about 7.37% of Blue Bird worth $36,788,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. William Blair Investment Management LLC acquired a new stake in shares of Blue Bird during the 2nd quarter worth approximately $8,187,000. Tocqueville Asset Management L.P. acquired a new stake in shares of Blue Bird during the 3rd quarter worth approximately $7,816,000. Vanguard Group Inc. grew its position in shares of Blue Bird by 13.1% during the 2nd quarter. Vanguard Group Inc. now owns 347,565 shares of the company’s stock worth $5,908,000 after buying an additional 40,158 shares during the period. Engine Capital Management LLC grew its position in shares of Blue Bird by 2.3% during the 2nd quarter. Engine Capital Management LLC now owns 224,126 shares of the company’s stock worth $3,810,000 after buying an additional 5,000 shares during the period. Finally, Blair William & Co. IL grew its position in shares of Blue Bird by 189.2% during the 2nd quarter. Blair William & Co. IL now owns 216,918 shares of the company’s stock worth $3,688,000 after buying an additional 141,918 shares during the period. 95.46% of the stock is owned by institutional investors.

In other news, Director Coliseum Capital Management, L sold 742,566 shares of the firm’s stock in a transaction that occurred on Saturday, September 23rd. The shares were sold at an average price of $18.65, for a total transaction of $13,848,855.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 16.70% of the company’s stock.

Shares of Blue Bird Corporation (NASDAQ BLBD) opened at $19.45 on Thursday. The company has a market cap of $465.29, a P/E ratio of 26.30, a PEG ratio of 0.82 and a beta of 1.77. Blue Bird Corporation has a 52-week low of $15.35 and a 52-week high of $21.90. The company has a current ratio of 1.17, a quick ratio of 0.51 and a debt-to-equity ratio of -1.32.

Blue Bird announced that its board has initiated a stock repurchase plan on Thursday, August 3rd that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the company to reacquire up to 11.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its stock is undervalued.

Separately, Roth Capital set a $22.00 price objective on shares of Blue Bird and gave the stock a “buy” rating in a research report on Monday, August 7th.

TRADEMARK VIOLATION WARNING: This story was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of US & international trademark & copyright laws. The legal version of this story can be viewed at https://www.thecerbatgem.com/2017/11/30/blue-bird-corporation-blbd-stake-increased-by-skandinaviska-enskilda-banken-ab-publ.html.

About Blue Bird

Blue Bird Corporation designs, engineers, manufactures, and sells school buses and aftermarket parts in the United States, Canada, and internationally. It offers Type C, Type D, and specialty buses, as well as Sigma, a bus for public transportation. The company sells its products through a network of dealers, as well as directly to fleet operators, the United States government, and state governments.

Want to see what other hedge funds are holding BLBD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blue Bird Corporation (NASDAQ:BLBD).

Institutional Ownership by Quarter for Blue Bird (NASDAQ:BLBD)

Receive News & Stock Ratings for Blue Bird Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blue Bird Corporation and related stocks with our FREE daily email newsletter.