Hodges Capital Management Inc. Sells 42,000 Shares of Blue Bird Corp (BLBD)

Hodges Capital Management Inc. trimmed its holdings in Blue Bird Corp (NASDAQ:BLBD) by 71.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,610 shares of the company’s stock after selling 42,000 shares during the period. Hodges Capital Management Inc. owned 0.06% of Blue Bird worth $281,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Blue Bird during the 4th quarter worth $26,000. Covington Capital Management bought a new stake in shares of Blue Bird during the 4th quarter worth $63,000. Metropolitan Life Insurance Co. NY boosted its holdings in shares of Blue Bird by 285.5% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 4,287 shares of the company’s stock worth $78,000 after buying an additional 3,175 shares during the period. Bank of America Corp DE boosted its holdings in shares of Blue Bird by 95.3% during the 4th quarter. Bank of America Corp DE now owns 8,834 shares of the company’s stock worth $160,000 after buying an additional 4,311 shares during the period. Finally, Lincoln Capital Corp bought a new stake in shares of Blue Bird during the 4th quarter worth $217,000. 96.06% of the stock is owned by institutional investors.

NASDAQ BLBD opened at $17.92 on Wednesday. The firm has a market cap of $464.15 million, a P/E ratio of 10.17 and a beta of 1.21. Blue Bird Corp has a 1 year low of $15.67 and a 1 year high of $26.95.

Blue Bird (NASDAQ:BLBD) last posted its quarterly earnings data on Wednesday, February 6th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.07. Blue Bird had a net margin of 3.68% and a negative return on equity of 70.66%. The business had revenue of $154.93 million during the quarter, compared to the consensus estimate of $157.20 million. On average, analysts anticipate that Blue Bird Corp will post 1.58 earnings per share for the current year.

Several analysts recently issued reports on the stock. BidaskClub downgraded shares of Blue Bird from a “sell” rating to a “strong sell” rating in a report on Tuesday, December 18th. ValuEngine downgraded shares of Blue Bird from a “hold” rating to a “sell” rating in a report on Friday, March 15th.

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Blue Bird Company Profile

Blue Bird Corporation designs, engineers, manufactures, and sells school buses and related parts in the United States, Canada, and internationally. It operates through two segments, Bus and Parts. The company offers Type C, Type D, and specialty buses; and alternative fuel applications through its propane-powered, gasoline-powered, compressed natural gas-powered, and electric powered school buses.

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

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