Today: Eagle Asset Management Inc. decides to keep it stake in The Middleby Corp. (MIDD) to the level of $23,965,000

Today: Eagle Asset Management Inc. decides to keep it stake in The Middleby Corp. (MIDD) to the level of $23,965,000

Eagle Asset Management Inc. decreased its stake in The Middleby Corp. (NASDAQ:MIDD) by 1.2% during the third quarter, Holdings Channel reports. The fund owned 193,864 shares of the company’s stock after selling 2,378 shares during the period. Eagle Asset Management Inc.’s holdings in The Middleby Corp. were worth $23,965,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in MIDD. IFP Advisors Inc boosted its stake in The Middleby Corp. by 0.6% in the second quarter. IFP Advisors Inc now owns 876 shares of the company’s stock valued at $101,000 after buying an additional 5 shares during the last quarter. Glenmede Trust Co. NA boosted its stake in The Middleby Corp. by 0.4% in the second quarter. Glenmede Trust Co. NA now owns 12,132 shares of the company’s stock valued at $1,397,000 after buying an additional 46 shares during the last quarter. BlackRock Inc. boosted its stake in The Middleby Corp. by 0.7% in the second quarter. BlackRock Inc. now owns 7,301 shares of the company’s stock valued at $842,000 after buying an additional 48 shares during the last quarter. Emerald Mutual Fund Advisers Trust boosted its stake in The Middleby Corp. by 2.4% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 2,355 shares of the company’s stock valued at $271,000 after buying an additional 56 shares during the last quarter. Finally, Eqis Capital Management Inc. boosted its stake in The Middleby Corp. by 0.7% in the second quarter. Eqis Capital Management Inc. now owns 9,176 shares of the company’s stock valued at $1,058,000 after buying an additional 67 shares during the last quarter. Hedge funds and other institutional investors own 94.17% of the company’s stock.

The Middleby Corp. (NASDAQ:MIDD) traded down 1.311% during mid-day trading on Monday, reaching $137.385. The company had a trading volume of 325,494 shares. The firm has a 50-day moving average price of $120.00 and a 200 day moving average price of $121.32. The Middleby Corp. has a 12-month low of $79.11 and a 12-month high of $140.98. The firm has a market capitalization of $7.90 billion, a price-to-earnings ratio of 30.943 and a beta of 1.44.

Several brokerages have recently issued reports on MIDD. Zacks Investment Research upgraded shares of The Middleby Corp. from a “hold” rating to a “buy” rating and set a $135.00 price target for the company in a report on Friday, November 11th. Wellington Shields upgraded shares of The Middleby Corp. from a “hold” rating to an “accumulate” rating in a report on Friday, September 9th. Finally, Deutsche Bank AG began coverage on shares of The Middleby Corp. in a report on Tuesday, September 6th. They set a “hold” rating and a $123.00 price target for the company. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $124.67.

About The Middleby Corp.

The Middleby Corporation (Middleby) is engaged in the design, manufacture and sale of commercial foodservice, food processing equipment and residential kitchen equipment. The Company operates in three segments: the Commercial Foodservice Equipment Group, the Food Processing Equipment Group and the Residential Kitchen Equipment Group.

Related posts

Leave a Comment