First Trust Advisors LP lowered its position in Blue Bird Corporation (NASDAQ:BLBD) by 44.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 53,662 shares of the company’s stock after selling 43,168 shares during the quarter. First Trust Advisors LP owned about 0.22% of Blue Bird worth $1,105,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in BLBD. Schwab Charles Investment Management Inc. acquired a new stake in shares of Blue Bird in the second quarter valued at approximately $367,000. Wedge Capital Management L L P NC increased its stake in shares of Blue Bird by 26.6% during the second quarter. Wedge Capital Management L L P NC now owns 52,432 shares of the company’s stock valued at $891,000 after acquiring an additional 11,032 shares during the period. Olstein Capital Management L.P. acquired a new position in shares of Blue Bird during the second quarter valued at approximately $1,319,000. Bank of New York Mellon Corp increased its stake in shares of Blue Bird by 12.2% during the second quarter. Bank of New York Mellon Corp now owns 47,565 shares of the company’s stock valued at $809,000 after acquiring an additional 5,187 shares during the period. Finally, Blair William & Co. IL increased its stake in shares of Blue Bird by 189.2% during the second quarter. Blair William & Co. IL now owns 216,918 shares of the company’s stock valued at $3,688,000 after acquiring an additional 141,918 shares during the period. Institutional investors own 95.27% of the company’s stock.
In related news, Director Coliseum Capital Management, L sold 742,566 shares of the firm’s stock in a transaction that occurred on Saturday, September 23rd. The shares were sold at an average price of $18.65, for a total transaction of $13,848,855.90. The transaction was disclosed in a document filed with the SEC, which is available at this link. 16.70% of the stock is owned by company insiders.
Blue Bird Corporation (NASDAQ:BLBD) opened at $19.50 on Tuesday. Blue Bird Corporation has a 12 month low of $15.35 and a 12 month high of $21.90. The company has a current ratio of 1.17, a quick ratio of 0.51 and a debt-to-equity ratio of -1.32. The company has a market cap of $468.93, a P/E ratio of 26.51, a P/E/G ratio of 0.83 and a beta of 1.30.
Separately, Roth Capital set a $22.00 price objective on shares of Blue Bird and gave the company a “buy” rating in a research note on Monday, August 7th.
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About Blue Bird
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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