Blue Bird Co. (NASDAQ:BLBD – Get Rating) was the target of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totalling 602,700 shares, a decrease of 9.7% from the December 31st total of 667,400 shares. Based on an average daily trading volume, of 172,400 shares, the short-interest ratio is presently 3.5 days. Approximately 2.9% of the shares of the company are sold short.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on the stock. DA Davidson upped their target price on shares of Blue Bird from $13.50 to $14.50 in a report on Tuesday, December 6th. StockNews.com cut shares of Blue Bird from a "hold" rating to a "sell" rating in a report on Wednesday, December 21st.
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Institutional Trading of Blue Bird
Several large investors have recently modified their holdings of the business. Deroy & Devereaux Private Investment Counsel Inc. acquired a new stake in shares of Blue Bird in the fourth quarter valued at approximately $2,093,000. Bank of New York Mellon Corp boosted its position in Blue Bird by 8.9% during the third quarter. Bank of New York Mellon Corp now owns 67,184 shares of the company's stock worth $561,000 after acquiring an additional 5,480 shares during the last quarter. American Securities LLC acquired a new stake in Blue Bird during the third quarter worth approximately $79,577,000. Blair William & Co. IL boosted its position in Blue Bird by 0.3% during the third quarter. Blair William & Co. IL now owns 445,424 shares of the company's stock worth $3,719,000 after acquiring an additional 1,225 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its position in Blue Bird by 70.2% during the third quarter. New York State Common Retirement Fund now owns 6,879 shares of the company's stock worth $57,000 after acquiring an additional 2,837 shares during the last quarter. 91.43% of the stock is currently owned by institutional investors and hedge funds.
Blue Bird Price Performance
BLBD traded down $0.23 on Monday, hitting $14.34. 98,403 shares of the company were exchanged, compared to its average volume of 147,821. The company has a debt-to-equity ratio of 109.96, a quick ratio of 0.19 and a current ratio of 1.06. The business's fifty day moving average is $12.33 and its 200 day moving average is $10.88. Blue Bird has a fifty-two week low of $7.14 and a fifty-two week high of $22.10. The firm has a market capitalization of $459.24 million, a P/E ratio of -10.01 and a beta of 1.31.
Blue Bird (NASDAQ:BLBD – Get Rating) last issued its earnings results on Monday, December 12th. The company reported ($0.67) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.71). The company had revenue of $257.67 million for the quarter, compared to analyst estimates of $232.00 million. Blue Bird had a negative return on equity of 181.06% and a negative net margin of 5.72%. As a group, sell-side analysts anticipate that Blue Bird will post 0.29 EPS for the current year.
Blue Bird Company Profile
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Blue Bird Corporation designs, engineers, manufactures, and sells school buses and related parts in the United States, Canada, and internationally. It operates through two segments, Bus and Parts. The company offers Type C, Type D, and specialty buses; and alternative fuel applications through its propane powered, gasoline powered, compressed natural gas powered, and electric powered school buses, as well as diesel engines.
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