Company shares are trading at $21.55 which is marginally over $19.76, the stock’s 50 day moving average and which is impressively higher than the 200 day moving average of $18.38. The 50 day moving average moved up $1.79 and the 200 day average went up $3.17 or +17.25%. Trading volume for Blue Bird Corporation was 182K in the last trading session. Overall, volume was up 182.89% over the stocks normal daily volume.
Investors are more bullish on Blue Bird Corporation of late if you evaluate the decrease in short interest. The company experienced a fall in short interest of -12.61% as of September 29, 2017 from the last reporting period. Short shares decreased from 515,366 to 450,370 over that timeframe. The days to cover decreased to 5.0 and the short interest percentage is 0.02% as of September 29.
Additionally, here are a few investment firms who have increased or decreased their stake in (BLBD). As of the end of the quarter Baird Financial Group, Inc. had bought a total of 158 shares growing its stake by 0.2%. The value of the company’s investment in Blue Bird Corporation decreased from $1,147,000 to $1,139,000 decreasing 0.7% quarter over quarter. North Star Investment Management Corp. bolstered its ownership by buying 20 shares an increase of 0.0%. North Star Investment Management Corp. owns 278,045 shares worth $5,728,000. The value of the position overall is up by 21.2%.
Meeder Asset Management Inc grew its holdings by buying 999 shares an increase of 1,135.2% from 06/30/2017 to 09/30/2017. Meeder Asset Management Inc now holds 1,087 shares valued at $22,000. The total value of its holdings increased 2,100.0%. As of quarter end Bank Of Montreal /can/ had disposed of 727 shares trimming its holdings by 17.2%. The value of the investment in (BLBD) went from $72,000 to $72,000 a change of $0 for the reporting period.
The company currently has a P/E ratio of 24.63 and the market cap is 522.22M. As of the latest earnings report the EPS was $0.88 and is expected to be $1.17 for the current year with 24,233,000 shares currently outstanding. Next quarter’s EPS is estimated at $0.07 with next year’s EPS anticipated to be $1.58.
Blue Bird Corporation, launched on September 24, 2013, is a designer and manufacturer of school buses. The Company operates through two segments: Buses and Aftermarket Parts. The Bus segment includes the manufacturing and assembly of school buses to be sold to a range of customers across the United States, Canada and in international markets. The Aftermarket Parts segment consists of the purchase of parts from third parties to be sold to dealers within the Business’s network. The Company manufactures, assembles and sells school buses to a range of municipal, federal and commercial customers. The majority of the Business’s sales are made to an independent distributor network, which in turn sells buses to ultimate end users. The Company owns its facilities in Fort Valley, Georgia..