Blue Bird Co. (NASDAQ:BLBD) Shares Acquired by Millennium Management LLC

Millennium Management LLC increased its position in Blue Bird Co. (NASDAQ:BLBD) by 236.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 774,175 shares of the company’s stock after purchasing an additional 544,248 shares during the period. Millennium Management LLC owned 2.41% of Blue Bird worth $29,906,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of BLBD. Dunhill Financial LLC grew its stake in Blue Bird by 100.0% in the fourth quarter. Dunhill Financial LLC now owns 1,000 shares of the company’s stock worth $39,000 after purchasing an additional 500 shares in the last quarter. Quarry LP lifted its holdings in shares of Blue Bird by 55.0% in the 4th quarter. Quarry LP now owns 1,262 shares of the company’s stock worth $49,000 after purchasing an additional 448 shares during the last quarter. KBC Group NV lifted its holdings in shares of Blue Bird by 75.3% in the 4th quarter. KBC Group NV now owns 1,420 shares of the company’s stock worth $55,000 after purchasing an additional 610 shares during the last quarter. NewEdge Advisors LLC boosted its position in Blue Bird by 44.1% during the 4th quarter. NewEdge Advisors LLC now owns 2,204 shares of the company’s stock valued at $85,000 after purchasing an additional 674 shares during the period. Finally, New Age Alpha Advisors LLC acquired a new position in Blue Bird during the 4th quarter valued at approximately $87,000. 93.59% of the stock is currently owned by institutional investors and hedge funds.

Blue Bird Trading Up 1.1%

Shares of BLBD stock opened at $40.82 on Monday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.73 and a current ratio of 1.44. Blue Bird Co. has a 1 year low of $30.04 and a 1 year high of $59.40. The stock has a fifty day moving average of $35.10 and a two-hundred day moving average of $37.61. The firm has a market capitalization of $1.29 billion, a PE ratio of 12.64, a price-to-earnings-growth ratio of 0.84 and a beta of 1.43.

Blue Bird (NASDAQ:BLBD) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.01. Blue Bird had a return on equity of 75.22% and a net margin of 8.05%. The company had revenue of $358.85 million during the quarter, compared to analyst estimates of $348.23 million. During the same quarter in the previous year, the firm posted $0.89 EPS. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. As a group, research analysts expect that Blue Bird Co. will post 3.86 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on BLBD shares. DA Davidson reduced their price objective on Blue Bird from $67.00 to $61.00 and set a “buy” rating for the company in a research report on Monday, April 21st. StockNews.com lowered Blue Bird from a “buy” rating to a “hold” rating in a research report on Tuesday, May 13th. Needham & Company LLC reduced their price objective on Blue Bird from $66.00 to $49.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Finally, Barclays reduced their price objective on Blue Bird from $54.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, May 8th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $56.79.

Blue Bird Company Profile

Blue Bird Corporation, together with its subsidiaries, designs, engineers, manufactures, and sells school buses in the United States, Canada, and internationally. The company operates through two segments, Bus and Parts. It offers Type C, Type D, and specialty buses; and alternative power options through its propane powered, gasoline powered, compressed natural gas powered, and electric powered school buses, as well as diesel engines.