Hennessy Capital Acquisition (BLBD) Cut to Hold at Stifel Nicolaus

Hennessy Capital Acquisition (NASDAQ:BLBD) was downgraded by Stifel Nicolaus from a “buy” rating to a “hold” rating in a research note issued on Friday. They presently have a $23.00 price objective on the stock.

Other equities research analysts have also recently issued research reports about the company. ValuEngine raised Hennessy Capital Acquisition from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. BidaskClub raised Hennessy Capital Acquisition from a “hold” rating to a “buy” rating in a report on Friday, December 29th. Finally, Roth Capital set a $26.00 price target on Hennessy Capital Acquisition and gave the company a “buy” rating in a report on Thursday.

Hennessy Capital Acquisition (NASDAQ:BLBD) opened at $23.00 on Friday. The company has a quick ratio of 0.61, a current ratio of 1.16 and a debt-to-equity ratio of -1.45. Hennessy Capital Acquisition has a 52 week low of $15.66 and a 52 week high of $23.10. The company has a market capitalization of $532.30, a P/E ratio of 34.33, a price-to-earnings-growth ratio of 0.94 and a beta of 1.60.

Hennessy Capital Acquisition (NASDAQ:BLBD) last issued its earnings results on Wednesday, December 6th. The company reported $0.50 EPS for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.02). Hennessy Capital Acquisition had a net margin of 2.90% and a negative return on equity of 31.47%. equities research analysts predict that Hennessy Capital Acquisition will post 1.58 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. New York State Common Retirement Fund raised its holdings in Hennessy Capital Acquisition by 128.2% during the second quarter. New York State Common Retirement Fund now owns 10,500 shares of the company’s stock worth $179,000 after purchasing an additional 5,899 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Hennessy Capital Acquisition during the second quarter worth approximately $192,000. K2 Principal Fund L.P. bought a new stake in Hennessy Capital Acquisition during the third quarter worth approximately $215,000. California State Teachers Retirement System raised its holdings in Hennessy Capital Acquisition by 18.4% during the second quarter. California State Teachers Retirement System now owns 12,876 shares of the company’s stock worth $219,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Teachers Advisors LLC raised its holdings in Hennessy Capital Acquisition by 76.5% during the second quarter. Teachers Advisors LLC now owns 12,958 shares of the company’s stock worth $220,000 after purchasing an additional 5,616 shares in the last quarter. 95.21% of the stock is currently owned by institutional investors.

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About Hennessy Capital Acquisition

Blue Bird Corporation designs, engineers, manufactures, and sells school buses and aftermarket parts in the United States, Canada, and internationally. It offers Type C, Type D, and specialty buses, as well as Sigma, a bus for public transportation. The company sells its products through a network of dealers, as well as directly to fleet operators, the United States government, and state governments.

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