Blue Bird (NASDAQ:BLBD) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.
Blue Bird (NASDAQ:BLBD) opened at $18.10 on Tuesday. The firm has a market cap of $436.15, a P/E ratio of 21.93, a P/E/G ratio of 0.82 and a beta of 1.67. Blue Bird has a 1 year low of $15.35 and a 1 year high of $21.90. The company has a quick ratio of 0.51, a current ratio of 1.17 and a debt-to-equity ratio of -1.32.
In other news, Director Coliseum Capital Management, L sold 742,566 shares of the stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 16.70% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in BLBD. Skandinaviska Enskilda Banken AB publ increased its holdings in shares of Blue Bird by 1.0% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 1,785,806 shares of the company’s stock worth $36,788,000 after purchasing an additional 17,936 shares during the period. William Blair Investment Management LLC acquired a new stake in shares of Blue Bird during the 2nd quarter worth approximately $8,187,000. Tocqueville Asset Management L.P. acquired a new stake in Blue Bird in the third quarter valued at approximately $7,816,000. Vanguard Group Inc. boosted its position in Blue Bird by 13.1% in the second quarter. Vanguard Group Inc. now owns 347,565 shares of the company’s stock valued at $5,908,000 after buying an additional 40,158 shares in the last quarter. Finally, Engine Capital Management LLC raised its stake in Blue Bird by 2.3% during the second quarter. Engine Capital Management LLC now owns 224,126 shares of the company’s stock worth $3,810,000 after buying an additional 5,000 shares during the last quarter. 95.27% of the stock is currently owned by hedge funds and other institutional investors.
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Blue Bird Company Profile
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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