Thu Oct 03 13:35:14 UTC 2024: ## Dana Investment Advisors Reduces Stake in GMS Inc.
**New York, NY** – Dana Investment Advisors Inc. trimmed its holdings in GMS Inc. (NYSE: GMS) by 3.5% during the second quarter, according to a recent filing with the Securities and Exchange Commission. The firm now owns 21,800 shares of the company’s stock, valued at $1,757,000.
This move comes amid a flurry of activity from other institutional investors in GMS. BNP Paribas Financial Markets significantly increased its stake by 98.7% during the first quarter, while UniSuper Management Pty Ltd and Comerica Bank also acquired new positions in the company. Allianz Asset Management GmbH and CANADA LIFE ASSURANCE Co also boosted their holdings in GMS during recent quarters.
Overall, 95.28% of GMS shares are owned by institutional investors.
In other news, GMS SVP Craig D. Apolinsky sold 7,900 shares of the company’s stock on July 16th, bringing his total ownership to 10,671 shares.
GMS Inc. is a leading distributor of wallboard, ceilings, steel framing, and other construction products in the United States and Canada. The company recently reported earnings for the second quarter, missing analyst expectations with $1.93 EPS.
Despite the recent decline in its stock price, GMS remains a popular investment for many institutional investors. The company’s strong market position and growth potential make it an attractive target for long-term investors.
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