XTX Topco Ltd Buys 6,161 Shares of Blue Bird Co. (NASDAQ:BLBD)

XTX Topco Ltd raised its position in shares of Blue Bird Co. (NASDAQ:BLBD) by 123.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,137 shares of the company’s stock after acquiring an additional 6,161 shares during the period. XTX Topco Ltd’s holdings in Blue Bird were worth $534,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Axxcess Wealth Management LLC bought a new position in Blue Bird during the 3rd quarter valued at about $987,000. Charles Schwab Investment Management Inc. boosted its position in shares of Blue Bird by 34.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 308,253 shares of the company’s stock valued at $14,784,000 after buying an additional 79,129 shares during the period. Victory Capital Management Inc. grew its stake in shares of Blue Bird by 95.9% during the third quarter. Victory Capital Management Inc. now owns 52,216 shares of the company’s stock valued at $2,504,000 after buying an additional 25,563 shares during the last quarter. Algert Global LLC raised its holdings in shares of Blue Bird by 360.0% in the second quarter. Algert Global LLC now owns 105,651 shares of the company’s stock worth $5,689,000 after buying an additional 82,681 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in Blue Bird by 60.7% during the 3rd quarter. Principal Financial Group Inc. now owns 58,019 shares of the company’s stock valued at $2,783,000 after acquiring an additional 21,919 shares during the period. Hedge funds and other institutional investors own 93.59% of the company’s stock.

Blue Bird Trading Up 3.7 %

NASDAQ:BLBD opened at $43.71 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.83 and a current ratio of 1.37. The firm has a 50-day simple moving average of $41.78 and a 200-day simple moving average of $47.75. Blue Bird Co. has a one year low of $23.76 and a one year high of $59.40. The firm has a market cap of $1.41 billion, a P/E ratio of 13.75, a P/E/G ratio of 1.05 and a beta of 1.59.

Analysts Set New Price Targets

Several brokerages have commented on BLBD. BTIG Research initiated coverage on Blue Bird in a research report on Wednesday, October 9th. They issued a “buy” rating and a $55.00 price objective on the stock. Bank of America decreased their price objective on shares of Blue Bird from $66.00 to $63.50 and set a “buy” rating for the company in a report on Tuesday, November 26th. Craig Hallum lifted their price objective on shares of Blue Bird from $68.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. StockNews.com raised shares of Blue Bird from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Finally, Roth Mkm downgraded shares of Blue Bird from a “buy” rating to a “neutral” rating and set a $48.00 price target for the company. in a research note on Thursday, October 3rd. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $60.64.

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.