OxFORD Asset Management LLP acquired a new position in shares of GMS Inc (NYSE:GMS) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 15,825 shares of the company’s stock, valued at approximately $560,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Morgan Stanley increased its stake in GMS by 92.0% during the 1st quarter. Morgan Stanley now owns 51,124 shares of the company’s stock valued at $1,792,000 after purchasing an additional 24,490 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its stake in GMS by 386.4% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 5,190 shares of the company’s stock valued at $182,000 after purchasing an additional 4,123 shares in the last quarter. Sei Investments Co. increased its stake in GMS by 7.1% during the 2nd quarter. Sei Investments Co. now owns 15,073 shares of the company’s stock valued at $424,000 after purchasing an additional 1,005 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in GMS by 22.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 137,316 shares of the company’s stock valued at $3,859,000 after purchasing an additional 24,747 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in GMS by 261.9% during the 2nd quarter. Rhumbline Advisers now owns 25,693 shares of the company’s stock valued at $722,000 after purchasing an additional 18,593 shares in the last quarter. Hedge funds and other institutional investors own 59.25% of the company’s stock.

Shares of GMS Inc (NYSE:GMS) opened at $37.44 on Wednesday. GMS Inc has a twelve month low of $27.20 and a twelve month high of $39.98. The stock has a market cap of $1,523.06, a price-to-earnings ratio of 28.15, a P/E/G ratio of 2.67 and a beta of 3.20. The company has a current ratio of 2.62, a quick ratio of 1.70 and a debt-to-equity ratio of 1.06.

GMS (NYSE:GMS) last announced its quarterly earnings results on Thursday, December 7th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.03). GMS had a return on equity of 14.24% and a net margin of 2.26%. The firm had revenue of $648.00 million for the quarter, compared to analysts’ expectations of $662.03 million. During the same period last year, the company posted $0.49 earnings per share. The business’s quarterly revenue was up 9.5% on a year-over-year basis. analysts anticipate that GMS Inc will post 1.99 EPS for the current fiscal year.

GMS has been the topic of a number of recent analyst reports. Royal Bank of Canada restated a “buy” rating and set a $46.00 price target on shares of GMS in a research note on Friday, December 8th. Zacks Investment Research upgraded shares of GMS from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research note on Wednesday, November 1st. SunTrust Banks reiterated a “buy” rating and issued a $40.00 price objective on shares of GMS in a research note on Friday, November 10th. ValuEngine lowered shares of GMS from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Barclays set a $43.00 price objective on shares of GMS and gave the stock a “buy” rating in a research note on Friday, December 8th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. GMS currently has an average rating of “Buy” and a consensus target price of $39.63.

In other GMS news, CEO G Michael Callahan, Jr. sold 12,500 shares of the stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $35.30, for a total transaction of $441,250.00. Following the transaction, the chief executive officer now directly owns 528,418 shares of the company’s stock, valued at $18,653,155.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman Richard K. Mueller sold 500,000 shares of the stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $38.05, for a total transaction of $19,025,000.00. The disclosure for this sale can be found here. Insiders have sold 5,200,782 shares of company stock worth $197,703,205 over the last three months. 5.90% of the stock is currently owned by insiders.

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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.

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Institutional Ownership by Quarter for GMS (NYSE:GMS)

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