Bank of America Corp DE acquired 805,031 shares of Blue Bird Corporation. The new position is valued at approximately $63.56 million. This stake represents a 2.54% ownership in the school bus manufacturer.
Institutional investors and hedge funds now own 93.59% of the company's stock.
Blue Bird recently reported quarterly earnings of $1.28 per share. These results exceeded consensus estimates. Market analysts maintain a consensus Buy rating for the stock.