Jump Financial LLC trimmed its position in Blue Bird Co. (NASDAQ:BLBD – Free Report) by 2.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 21,200 shares of the company’s stock after selling 600 shares during the period. Jump Financial LLC owned about 0.07% of Blue Bird worth $433,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in BLBD. BNP Paribas Arbitrage SA boosted its stake in Blue Bird by 198.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,419 shares of the company’s stock worth $41,000 after purchasing an additional 2,939 shares during the last quarter. Barclays PLC grew its stake in Blue Bird by 325.8% during the 4th quarter. Barclays PLC now owns 4,692 shares of the company’s stock valued at $51,000 after acquiring an additional 3,590 shares in the last quarter. Counterpoint Mutual Funds LLC acquired a new stake in Blue Bird in the 1st quarter valued at about $109,000. UBS Group AG boosted its holdings in shares of Blue Bird by 61.3% during the 4th quarter. UBS Group AG now owns 5,887 shares of the company’s stock worth $63,000 after purchasing an additional 2,237 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Blue Bird in the first quarter valued at approximately $161,000. Hedge funds and other institutional investors own 90.00% of the company’s stock.
Blue Bird Stock Performance
Shares of BLBD stock opened at $21.00 on Tuesday. Blue Bird Co. has a one year low of $7.14 and a one year high of $28.80. The firm’s 50 day moving average price is $22.22 and its 200-day moving average price is $20.50.
Insider Buying and Selling at Blue Bird
In other Blue Bird news, Director Coliseum Capital Management, L sold 3,450,000 shares of the company’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $20.00, for a total transaction of $69,000,000.00. Following the sale, the director now owns 1,237,500 shares in the company, valued at approximately $24,750,000. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Coliseum Capital Management, L sold 3,450,000 shares of the business’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $20.00, for a total transaction of $69,000,000.00. Following the completion of the transaction, the director now owns 1,237,500 shares in the company, valued at $24,750,000. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Asp Bb Holdings Llc sold 1,725,000 shares of the stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $20.00, for a total value of $34,500,000.00. Following the completion of the transaction, the insider now owns 7,805,150 shares in the company, valued at approximately $156,103,000. The disclosure for this sale can be found here. 17.10% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on BLBD shares. DA Davidson boosted their price objective on Blue Bird from $23.00 to $29.00 in a research note on Friday, May 12th. StockNews.com upgraded shares of Blue Bird from a “hold” rating to a “buy” rating in a research report on Monday, May 15th. Finally, TheStreet upgraded shares of Blue Bird from a “d” rating to a “c-” rating in a report on Tuesday, May 30th.
Check Out Our Latest Analysis on BLBD
About Blue Bird
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, as well as diesel engines.
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