Cetera Advisor Networks LLC Purchases 1,000 Shares of GMS Inc (NYSE:GMS)

Cetera Advisor Networks LLC grew its position in GMS Inc (NYSE:GMS) by 4.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,090 shares of the company’s stock after acquiring an additional 1,000 shares during the period. Cetera Advisor Networks LLC owned about 0.06% of GMS worth $379,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in GMS. Citizens Financial Group Inc RI bought a new position in shares of GMS in the 4th quarter valued at about $56,000. Emerald Mutual Fund Advisers Trust bought a new position in shares of GMS in the 4th quarter valued at about $76,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of GMS by 29.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,939 shares of the company’s stock valued at $80,000 after acquiring an additional 674 shares during the period. First Quadrant L P CA bought a new position in shares of GMS in the 1st quarter valued at about $111,000. Finally, Bank of Montreal Can grew its position in shares of GMS by 59.0% in the 4th quarter. Bank of Montreal Can now owns 5,662 shares of the company’s stock valued at $153,000 after acquiring an additional 2,101 shares during the period. 92.90% of the stock is owned by institutional investors.

In related news, Director Ronald R. Ross acquired 108,602 shares of the stock in a transaction that occurred on Tuesday, March 24th. The stock was acquired at an average cost of $15.15 per share, for a total transaction of $1,645,320.30. Following the transaction, the director now directly owns 17,101 shares in the company, valued at $259,080.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ronald R. Ross acquired 56,200 shares of the stock in a transaction that occurred on Thursday, March 26th. The shares were bought at an average price of $16.43 per share, with a total value of $923,366.00. Following the completion of the transaction, the director now owns 384,392 shares in the company, valued at $6,315,560.56. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 168,087 shares of company stock valued at $2,618,585. 5.10% of the stock is owned by corporate insiders.

Shares of NYSE:GMS opened at $20.10 on Monday. The firm has a 50 day moving average of $16.17 and a 200-day moving average of $23.67. The stock has a market capitalization of $850.65 million, a PE ratio of 10.52 and a beta of 1.98. The company has a current ratio of 2.25, a quick ratio of 1.41 and a debt-to-equity ratio of 1.57. GMS Inc has a 12 month low of $10.39 and a 12 month high of $32.42.

GMS (NYSE:GMS) last issued its earnings results on Thursday, March 5th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.51 by $0.01. The company had revenue of $761.40 million during the quarter, compared to analysts’ expectations of $755.67 million. GMS had a net margin of 2.51% and a return on equity of 19.47%. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.41 EPS. On average, research analysts predict that GMS Inc will post 3.02 EPS for the current fiscal year.

Several analysts recently commented on the stock. Royal Bank of Canada downgraded shares of GMS from an “outperform” rating to a “sector perform” rating in a report on Sunday, April 19th. TheStreet downgraded shares of GMS from a “b-” rating to a “c+” rating in a report on Friday, March 13th. Nomura Securities reduced their target price on shares of GMS from $19.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, April 17th. Zacks Investment Research downgraded shares of GMS from a “hold” rating to a “sell” rating in a report on Monday, May 4th. Finally, Nomura reiterated a “hold” rating and issued a $17.00 price objective on shares of GMS in a research note on Thursday, April 23rd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. GMS has a consensus rating of “Hold” and an average price target of $24.00.

GMS Company Profile

GMS Inc distributes wallboards, suspended ceilings systems, and related construction products in the United States and Canada. The company offers wallboard products; and 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.

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