Roth Capital reaffirmed their buy rating on shares of Blue Bird (NASDAQ:BLBD) in a report published on Tuesday.
Other research analysts have also recently issued reports about the stock. BidaskClub cut shares of Blue Bird from a hold rating to a sell rating in a report on Wednesday, October 24th. ValuEngine cut shares of Blue Bird from a hold rating to a sell rating in a report on Saturday, October 27th.
Blue Bird stock opened at $18.10 on Tuesday. Blue Bird has a fifty-two week low of $15.66 and a fifty-two week high of $26.95. The stock has a market cap of $489.35 million, a P/E ratio of 14.60 and a beta of 1.47.
In other news, major shareholder Asp Bb Holdings Llc sold 969,850 shares of the business’s stock in a transaction that occurred on Thursday, October 18th. The shares were sold at an average price of $28.00, for a total value of $27,155,800.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 16.70% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Blue Bird by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 672,474 shares of the company’s stock worth $16,476,000 after purchasing an additional 11,537 shares in the last quarter. Teachers Advisors LLC raised its holdings in Blue Bird by 12.7% in the 3rd quarter. Teachers Advisors LLC now owns 29,921 shares of the company’s stock worth $733,000 after purchasing an additional 3,383 shares in the last quarter. IndexIQ Advisors LLC raised its holdings in Blue Bird by 3.9% in the 3rd quarter. IndexIQ Advisors LLC now owns 95,918 shares of the company’s stock worth $2,350,000 after purchasing an additional 3,624 shares in the last quarter. MetLife Investment Advisors LLC raised its holdings in Blue Bird by 55.2% in the 3rd quarter. MetLife Investment Advisors LLC now owns 8,926 shares of the company’s stock worth $219,000 after purchasing an additional 3,175 shares in the last quarter. Finally, Crestline Management LP raised its holdings in Blue Bird by 66.4% in the 3rd quarter. Crestline Management LP now owns 81,839 shares of the company’s stock worth $2,005,000 after purchasing an additional 32,670 shares in the last quarter. 96.13% of the stock is currently owned by institutional investors.
About Blue Bird
Blue Bird Corporation designs, engineers, manufactures, and sells school buses and aftermarket parts in the United States, Canada, and internationally. The company operates through two segments, Buses and Aftermarket Parts. It offers Type C, Type D, and specialty buses, as well as Sigma, a bus for public transportation.
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