Jump Financial LLC Decreases Stock Holdings in Blue Bird Co. (NASDAQ:BLBD)

Jump Financial LLC trimmed its holdings in Blue Bird Co. (NASDAQ:BLBDFree Report) by 60.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 21,500 shares of the company’s stock after selling 32,347 shares during the quarter. Jump Financial LLC’s holdings in Blue Bird were worth $459,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Teacher Retirement System of Texas bought a new position in shares of Blue Bird during the 2nd quarter valued at approximately $271,000. BNP Paribas Arbitrage SNC boosted its position in shares of Blue Bird by 97.8% during the 2nd quarter. BNP Paribas Arbitrage SNC now owns 31,010 shares of the company’s stock valued at $697,000 after acquiring an additional 15,330 shares during the last quarter. Driehaus Capital Management LLC bought a new position in shares of Blue Bird during the 2nd quarter valued at approximately $12,504,000. Tectonic Advisors LLC bought a new position in shares of Blue Bird during the 3rd quarter valued at approximately $556,000. Finally, ExodusPoint Capital Management LP bought a new position in shares of Blue Bird during the 2nd quarter valued at approximately $397,000.

Insiders Place Their Bets

In other Blue Bird news, CEO Phil Horlock sold 17,438 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $33.00, for a total value of $575,454.00. Following the sale, the chief executive officer now owns 357,374 shares in the company, valued at $11,793,342. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, major shareholder Asp Bb Holdings Llc sold 2,500,000 shares of the stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $25.10, for a total transaction of $62,750,000.00. Following the transaction, the insider now owns 4,042,650 shares of the company’s stock, valued at approximately $101,470,515. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Phil Horlock sold 17,438 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $33.00, for a total value of $575,454.00. Following the transaction, the chief executive officer now directly owns 357,374 shares in the company, valued at approximately $11,793,342. The disclosure for this sale can be found here. Insiders have sold a total of 2,727,438 shares of company stock worth $69,347,904 over the last quarter. Company insiders own 2.10% of the company’s stock.

Blue Bird Stock Performance

BLBD stock opened at $30.55 on Friday. The company has a quick ratio of 0.44, a current ratio of 1.30 and a debt-to-equity ratio of 1.72. The business’s fifty day simple moving average is $26.20 and its two-hundred day simple moving average is $22.10. Blue Bird Co. has a twelve month low of $17.37 and a twelve month high of $33.22. The firm has a market cap of $983.71 million, a price-to-earnings ratio of 16.08, a PEG ratio of 0.43 and a beta of 1.31.

Blue Bird (NASDAQ:BLBDGet Free Report) last released its earnings results on Monday, December 11th. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.16. Blue Bird had a return on equity of 223.85% and a net margin of 5.04%. The business had revenue of $302.96 million for the quarter, compared to analyst estimates of $300.00 million. Analysts predict that Blue Bird Co. will post 1.9 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on BLBD. TheStreet upgraded Blue Bird from a “c” rating to a “b-” rating in a research report on Tuesday, December 12th. Barclays increased their price target on Blue Bird from $25.00 to $35.00 and gave the company an “overweight” rating in a report on Thursday. Roth Mkm increased their price target on Blue Bird from $26.00 to $35.00 and gave the company a “buy” rating in a report on Thursday. StockNews.com lowered Blue Bird from a “strong-buy” rating to a “buy” rating in a report on Tuesday, January 2nd. Finally, Craig Hallum increased their price target on Blue Bird from $34.00 to $38.00 and gave the company a “buy” rating in a report on Tuesday, December 12th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $32.70.

Read Our Latest Research Report on Blue Bird

Blue Bird Profile

(Free Report)

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.

Further Reading

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

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