nVerses Capital LLC Takes $53,000 Position in Blue Bird Co. (NASDAQ:BLBD)

nVerses Capital LLC purchased a new position in shares of Blue Bird Co. (NASDAQ:BLBD) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,100 shares of the company’s stock, valued at approximately $53,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. ZWJ Investment Counsel Inc. bought a new position in shares of Blue Bird during the 3rd quarter worth approximately $203,000. Creative Planning lifted its holdings in Blue Bird by 13.5% during the third quarter. Creative Planning now owns 5,937 shares of the company’s stock worth $285,000 after acquiring an additional 707 shares during the period. Wedge Capital Management L L P NC lifted its holdings in Blue Bird by 33.1% during the third quarter. Wedge Capital Management L L P NC now owns 26,278 shares of the company’s stock worth $1,260,000 after acquiring an additional 6,533 shares during the period. Inspire Investing LLC grew its stake in Blue Bird by 30.7% in the 3rd quarter. Inspire Investing LLC now owns 8,608 shares of the company’s stock valued at $413,000 after purchasing an additional 2,024 shares during the period. Finally, Ritholtz Wealth Management increased its position in shares of Blue Bird by 81.8% during the 3rd quarter. Ritholtz Wealth Management now owns 17,877 shares of the company’s stock valued at $857,000 after purchasing an additional 8,045 shares during the last quarter. 93.59% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP Ted Scartz sold 2,985 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $48.60, for a total transaction of $145,071.00. Following the sale, the senior vice president now owns 51,863 shares of the company’s stock, valued at approximately $2,520,541.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, SVP Ted Scartz sold 2,985 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $48.60, for a total transaction of $145,071.00. Following the completion of the transaction, the senior vice president now directly owns 51,863 shares in the company, valued at $2,520,541.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Britton Smith sold 2,508 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $49.81, for a total value of $124,923.48. Following the completion of the transaction, the president now owns 80,617 shares in the company, valued at $4,015,532.77. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 56,240 shares of company stock worth $2,725,146. 2.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Roth Capital downgraded shares of Blue Bird from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 3rd. Barclays increased their target price on shares of Blue Bird from $43.00 to $54.00 and gave the company an “overweight” rating in a research report on Friday, August 9th. BTIG Research started coverage on shares of Blue Bird in a report on Wednesday, October 9th. They issued a “buy” rating and a $55.00 price target on the stock. Roth Mkm lowered Blue Bird from a “buy” rating to a “neutral” rating and set a $48.00 price objective for the company. in a report on Thursday, October 3rd. Finally, StockNews.com downgraded Blue Bird from a “buy” rating to a “hold” rating in a research report on Thursday, October 10th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Blue Bird currently has a consensus rating of “Moderate Buy” and an average target price of $61.00.

Blue Bird Trading Down 2.4 %

NASDAQ:BLBD opened at $44.35 on Tuesday. Blue Bird Co. has a 1 year low of $17.59 and a 1 year high of $59.40. The stock’s fifty day moving average price is $47.80 and its two-hundred day moving average price is $47.79. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.40 and a quick ratio of 0.66. The company has a market cap of $1.43 billion, a P/E ratio of 17.96, a P/E/G ratio of 0.21 and a beta of 1.60.

Blue Bird (NASDAQ:BLBD) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.42. The business had revenue of $333.37 million for the quarter, compared to analysts’ expectations of $330.00 million. Blue Bird had a return on equity of 116.23% and a net margin of 7.65%. During the same quarter in the prior year, the firm posted $0.42 EPS. As a group, analysts expect that Blue Bird Co. will post 3.22 EPS for the current year.

Blue Bird 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.