Jane Street Group LLC Sells 34,493 Shares of GMS Inc. (NYSE:GMS)

Jane Street Group LLC lowered its position in GMS Inc. (NYSE:GMS) by 21.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 123,255 shares of the company’s stock after selling 34,493 shares during the period. Jane Street Group LLC owned 0.32% of GMS worth $10,456,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in GMS. Barclays PLC lifted its position in GMS by 374.0% in the 3rd quarter. Barclays PLC now owns 70,580 shares of the company’s stock valued at $6,392,000 after acquiring an additional 55,690 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of GMS by 246.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 991 shares of the company’s stock valued at $84,000 after buying an additional 705 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in GMS by 42.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 110,304 shares of the company’s stock worth $9,357,000 after buying an additional 33,123 shares in the last quarter. AlphaQuest LLC raised its position in GMS by 1,710.5% in the 4th quarter. AlphaQuest LLC now owns 344 shares of the company’s stock valued at $29,000 after buying an additional 325 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in GMS by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 609,715 shares of the company’s stock valued at $51,722,000 after acquiring an additional 15,664 shares in the last quarter. Institutional investors and hedge funds own 95.28% of the company’s stock.

Insiders Place Their Bets

In other GMS news, Director Theron I. Gilliam sold 12,474 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $73.46, for a total value of $916,340.04. Following the sale, the director now directly owns 31,507 shares in the company, valued at $2,314,504.22. This represents a 28.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO John C. Turner, Jr. purchased 3,650 shares of GMS stock in a transaction dated Monday, April 7th. The shares were purchased at an average price of $70.00 per share, with a total value of $255,500.00. Following the completion of the transaction, the chief executive officer now directly owns 66,928 shares in the company, valued at approximately $4,684,960. This represents a 5.77 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.90% of the company’s stock.

GMS Trading Up 1.2 %

Shares of GMS opened at $72.99 on Thursday. GMS Inc. has a fifty-two week low of $65.77 and a fifty-two week high of $105.54. The business has a 50-day moving average of $72.97 and a 200 day moving average of $83.61. The firm has a market cap of $2.80 billion, a P/E ratio of 13.42 and a beta of 1.66. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.44 and a current ratio of 2.23.

GMS (NYSE:GMS) last posted its quarterly earnings results on Thursday, March 6th. The company reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.47). The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.29 billion. GMS had a net margin of 3.92% and a return on equity of 20.67%. As a group, research analysts forecast that GMS Inc. will post 7.26 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Barclays lowered their target price on shares of GMS from $80.00 to $71.00 and set an “equal weight” rating for the company in a report on Monday, March 10th. 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. Royal Bank of Canada dropped 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. Robert W. Baird reduced their price objective on GMS from $110.00 to $93.00 and set an “outperform” rating for the company in a research note on Friday, March 7th. Finally, DA Davidson lowered their target price on GMS from $94.00 to $80.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $80.50.

GMS Company 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.