XTX Topco Ltd Has $547,000 Stake in Blue Bird Co. (NASDAQ:BLBD)

XTX Topco Ltd grew its stake in Blue Bird Co. (NASDAQ:BLBD) by 27.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,163 shares of the company’s stock after purchasing an additional 3,026 shares during the period. XTX Topco Ltd’s holdings in Blue Bird were worth $547,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in BLBD. Stifel Financial Corp acquired a new stake in Blue Bird in the third quarter valued at approximately $1,599,000. State Street Corp grew its position in Blue Bird by 8.4% during the 3rd quarter. State Street Corp now owns 725,573 shares of the company’s stock worth $34,798,000 after acquiring an additional 56,449 shares during the last quarter. Barclays PLC grew its position in Blue Bird by 976.5% during the 3rd quarter. Barclays PLC now owns 128,658 shares of the company’s stock worth $6,171,000 after acquiring an additional 116,707 shares during the last quarter. Geode Capital Management LLC increased its holdings in Blue Bird by 26.2% in the 3rd quarter. Geode Capital Management LLC now owns 752,228 shares of the company’s stock worth $36,084,000 after purchasing an additional 156,298 shares in the last quarter. Finally, Virtu Financial LLC raised its position in Blue Bird by 38.3% in the third quarter. Virtu Financial LLC now owns 15,519 shares of the company’s stock valued at $744,000 after purchasing an additional 4,295 shares during the last quarter. 93.59% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on BLBD shares. StockNews.com raised Blue Bird from a “hold” rating to a “buy” rating in a research note on Saturday, April 12th. Needham & Company LLC decreased their price target on shares of Blue Bird from $66.00 to $49.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Blue Bird currently has a consensus rating of “Moderate Buy” and an average price target of $58.21.

Insider Activity

In related news, CFO Razvan Radulescu sold 2,848 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $38.12, for a total transaction of $108,565.76. Following the transaction, the chief financial officer now directly owns 88,664 shares of the company’s stock, valued at approximately $3,379,871.68. This represents a 3.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.10% of the company’s stock.

Blue Bird Stock Performance

BLBD stock opened at $33.71 on Friday. Blue Bird Co. has a 1-year low of $30.04 and a 1-year high of $59.40. The company has a current ratio of 1.44, a quick ratio of 0.73 and a debt-to-equity ratio of 0.49. The stock has a 50-day moving average price of $34.14 and a 200-day moving average price of $38.49. The firm has a market cap of $1.08 billion, a PE ratio of 10.44, a price-to-earnings-growth ratio of 0.84 and a beta of 1.38.

Blue Bird (NASDAQ:BLBD) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.03. Blue Bird had a return on equity of 75.22% and a net margin of 8.05%. As a group, equities research analysts expect that Blue Bird Co. will post 3.86 earnings per share for the current year.

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.