nVerses Capital LLC Buys New Shares in Blue Bird Co. (NASDAQ:BLBD)

nVerses Capital LLC purchased a new stake in shares of Blue Bird Co. (NASDAQ:BLBD) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,100 shares of the company’s stock, valued at approximately $53,000.

Several other hedge funds have also recently added to or reduced their stakes in BLBD. Macroview Investment Management LLC purchased a new position in shares of Blue Bird during the 2nd quarter valued at about $29,000. Covestor Ltd purchased a new position in shares of Blue Bird during the first quarter worth approximately $29,000. Quarry LP lifted its holdings in shares of Blue Bird by 43.9% in the 2nd quarter. Quarry LP now owns 1,174 shares of the company’s stock worth $63,000 after acquiring an additional 358 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Blue Bird in the 2nd quarter valued at $81,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of Blue Bird during the 2nd quarter valued at $113,000. Institutional investors own 93.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on BLBD. Roth Capital downgraded shares of Blue Bird from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 3rd. StockNews.com cut Blue Bird from a “buy” rating to a “hold” rating in a report on Thursday, October 10th. Barclays lifted their price target on Blue Bird from $43.00 to $54.00 and gave the stock an “overweight” rating in a research note on Friday, August 9th. BTIG Research started coverage on Blue Bird in a research note on Wednesday, October 9th. They set a “buy” rating and a $55.00 price objective for the company. Finally, Roth Mkm downgraded shares of Blue Bird from a “buy” rating to a “neutral” rating and set a $48.00 target price on the stock. in a research note on Thursday, October 3rd. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $61.00.

Blue Bird Price Performance

Shares of Blue Bird stock opened at $44.35 on Tuesday. The business has a 50 day moving average of $47.80 and a 200 day moving average of $47.79. Blue Bird Co. has a 52 week low of $17.59 and a 52 week high of $59.40. The company has a market cap of $1.43 billion, a PE ratio of 17.96, a P/E/G ratio of 0.21 and a beta of 1.60. The company has a quick ratio of 0.66, a current ratio of 1.40 and a debt-to-equity ratio of 0.66.

Blue Bird (NASDAQ:BLBD) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.43 by $0.42. The business had revenue of $333.37 million during the quarter, compared to analyst estimates of $330.00 million. Blue Bird had a net margin of 7.65% and a return on equity of 116.23%. During the same period in the prior year, the business earned $0.42 EPS. As a group, equities research analysts forecast that Blue Bird Co. will post 3.22 earnings per share for the current year.

Insiders Place Their Bets

In other Blue Bird news, President Britton Smith sold 2,508 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $48.00, for a total transaction of $120,384.00. Following the transaction, the president now owns 83,125 shares in the company, valued at approximately $3,990,000. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Blue Bird news, CEO Phil Horlock sold 16,080 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $47.34, for a total value of $761,227.20. Following the completion of the transaction, the chief executive officer now owns 331,971 shares in the company, valued at approximately $15,715,507.14. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Britton Smith sold 2,508 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $48.00, for a total transaction of $120,384.00. Following the completion of the sale, the president now directly owns 83,125 shares in the company, valued at $3,990,000. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 56,240 shares of company stock worth $2,725,146 over the last three months. Company insiders own 2.10% of the company’s stock.

Blue Bird Company Profile

Blue Bird Corporation, together with its subsidiaries, designs, engineers, manufactures, and sells school buses in the United States, Canada, and internationally. The company operates through two segments, Bus and Parts. It offers Type C, Type D, and specialty buses; and alternative power options through its propane powered, gasoline powered, compressed natural gas powered, and electric powered school buses, as well as diesel engines.