Ancora Inverness LLC increased its stake in The Andersons Inc. (NASDAQ:ANDE) by 9.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,110 shares of the company’s stock after buying an additional 1,020 shares during the period. Ancora Inverness LLC’s holdings in The Andersons were worth $438,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in ANDE. PineBridge Investments L.P. increased its stake in The Andersons by 3.8% in the second quarter. PineBridge Investments L.P. now owns 3,331 shares of the company’s stock worth $119,000 after buying an additional 121 shares during the last quarter. Botty Investors LLC acquired a new stake in The Andersons during the second quarter worth about $133,000. Teacher Retirement System of Texas increased its stake in The Andersons by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 3,819 shares of the company’s stock worth $136,000 after buying an additional 470 shares during the last quarter. Mason Street Advisors LLC acquired a new stake in The Andersons during the second quarter worth about $182,000. Finally, Public Employees Retirement System of Ohio increased its stake in The Andersons by 11.8% in the second quarter. Public Employees Retirement System of Ohio now owns 5,330 shares of the company’s stock worth $189,000 after buying an additional 561 shares during the last quarter. 70.55% of the stock is currently owned by hedge funds and other institutional investors.
The Andersons Inc. (NASDAQ:ANDE) traded down 2.48% on Monday, reaching $39.30. 39,067 shares of the company’s stock were exchanged. The Andersons Inc. has a one year low of $23.25 and a one year high of $40.75. The firm has a 50 day moving average price of $37.45 and a 200 day moving average price of $35.76. The firm’s market cap is $1.11 billion.
The Andersons (NASDAQ:ANDE) last released its quarterly earnings results on Monday, November 7th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by $0.12. The Andersons had a negative net margin of 1.14% and a positive return on equity of 0.83%. The company earned $859.60 million during the quarter, compared to analyst estimates of $966.51 million. During the same period in the prior year, the business posted ($0.04) EPS. The Andersons’s revenue was down 5.4% compared to the same quarter last year. On average, equities analysts anticipate that The Andersons Inc. will post $0.66 earnings per share for the current year.
ANDE has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of The Andersons from a “buy” rating to a “hold” rating in a research note on Monday, August 1st. Buckingham Research raised shares of The Andersons from a “neutral” rating to a “buy” rating and upped their price target for the company from $40.00 to $42.00 in a research note on Monday, September 26th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $42.67.
In related news, insider William J. Wolf sold 2,000 shares of The Andersons stock in a transaction on Friday, November 18th. The shares were sold at an average price of $38.18, for a total value of $76,360.00. Following the sale, the insider now owns 37,058 shares of the company’s stock, valued at approximately $1,414,874.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jacqueline F. Woods sold 2,395 shares of The Andersons stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $36.01, for a total transaction of $86,243.95. Following the completion of the sale, the director now directly owns 16,073 shares in the company, valued at approximately $578,788.73. The disclosure for this sale can be found here. 5.90% of the stock is currently owned by corporate insiders.
About The Andersons
The Andersons, Inc is a diversified company. The Company conducts business across North America in the grain, ethanol, plant nutrient and rail sectors. The Company also produces turf and cob products, and has a consumer retailing presence. The Company operates through five segments: Grain, Ethanol, Rail, Plant Nutrient and Retail.