Freedom Investment Management Inc. Buys Shares of 8,069 Blue Bird Co. (NASDAQ:BLBD)

Freedom Investment Management Inc. purchased a new position in Blue Bird Co. (NASDAQ:BLBD) during the third quarter, HoldingsChannel.com reports. The fund purchased 8,069 shares of the company’s stock, valued at approximately $387,000.

A number of other large investors also recently modified their holdings of BLBD. Quarry LP increased its holdings in Blue Bird by 43.9% during 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 period. Savant Capital LLC raised its position in shares of Blue Bird by 3.4% in the second quarter. Savant Capital LLC now owns 11,473 shares of the company’s stock worth $618,000 after buying an additional 382 shares in the last quarter. Macroview Investment Management LLC bought a new stake in Blue Bird during the second quarter valued at $29,000. GPS Wealth Strategies Group LLC grew its position in Blue Bird by 22.5% during the second quarter. GPS Wealth Strategies Group LLC now owns 3,325 shares of the company’s stock worth $179,000 after buying an additional 610 shares in the last quarter. Finally, Townsquare Capital LLC increased its stake in Blue Bird by 9.3% in the 3rd quarter. Townsquare Capital LLC now owns 8,235 shares of the company’s stock worth $395,000 after acquiring an additional 700 shares during the last quarter. 93.59% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on BLBD. Barclays boosted their price objective on Blue Bird from $43.00 to $54.00 and gave the stock an “overweight” rating in a report on Friday, August 9th. Craig Hallum boosted their price target on shares of Blue Bird from $68.00 to $71.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Needham & Company LLC reiterated a “buy” rating and issued a $66.00 target price on shares of Blue Bird in a research report on Tuesday, November 26th. StockNews.com upgraded Blue Bird from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Finally, Bank of America cut their price objective on Blue Bird from $66.00 to $63.50 and set a “buy” rating for the company in a report on Tuesday, November 26th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $60.64.

Blue Bird Trading Up 0.1 %

Shares of BLBD stock opened at $40.65 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.37 and a quick ratio of 0.66. The business has a 50-day moving average of $43.23 and a 200 day moving average of $48.51. The stock has a market capitalization of $1.31 billion, a PE ratio of 12.78, a P/E/G ratio of 1.10 and a beta of 1.62. Blue Bird Co. has a 1-year low of $18.33 and a 1-year high of $59.40.

Insider Transactions at Blue Bird

In other Blue Bird news, President Britton Smith sold 2,508 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $49.81, for a total transaction of $124,923.48. Following the completion of the sale, the president now owns 80,617 shares of the company’s stock, valued at $4,015,532.77. This represents a 3.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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.