Levin Capital Strategies L.P. Decreases Holdings in Whole Earth Brands, Inc. (NASDAQ:FREE)

Levin Capital Strategies L.P. decreased its stake in Whole Earth Brands, Inc. (NASDAQ:FREE) by 68.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 50,000 shares of the company’s stock after selling 106,938 shares during the quarter. Levin Capital Strategies L.P.’s holdings in Whole Earth Brands were worth $170,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Oppenheimer Asset Management Inc. purchased a new position in Whole Earth Brands in the 3rd quarter worth approximately $52,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in Whole Earth Brands during the third quarter valued at approximately $471,000. Gabelli Funds LLC bought a new position in Whole Earth Brands during the 3rd quarter worth approximately $505,000. Brandywine Global Investment Management LLC grew its position in shares of Whole Earth Brands by 2.1% in the 3rd quarter. Brandywine Global Investment Management LLC now owns 799,340 shares of the company’s stock worth $2,878,000 after acquiring an additional 16,600 shares in the last quarter. Finally, Meteora Capital LLC increased its holdings in shares of Whole Earth Brands by 263.6% in the 3rd quarter. Meteora Capital LLC now owns 179,595 shares of the company’s stock valued at $647,000 after acquiring an additional 130,207 shares during the last quarter. Institutional investors and hedge funds own 82.12% of the company’s stock.

Whole Earth Brands Price Performance

Shares of NASDAQ FREE remained flat at $4.82 during mid-day trading on Friday. 261,807 shares of the company were exchanged, compared to its average volume of 675,979. Whole Earth Brands, Inc. has a fifty-two week low of $2.24 and a fifty-two week high of $4.85. The firm has a market capitalization of $208.35 million, a price-to-earnings ratio of -5.36 and a beta of 0.57. The company has a fifty day moving average of $4.81 and a two-hundred day moving average of $4.01. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.12 and a current ratio of 3.24.

Whole Earth Brands (NASDAQ:FREE) last announced its quarterly earnings data on Tuesday, March 12th. The company reported ($0.17) earnings per share for the quarter. Whole Earth Brands had a negative net margin of 6.92% and a negative return on equity of 15.00%. The firm had revenue of $151.16 million during the quarter.

Analysts Set New Price Targets

Separately, Imperial Capital restated a “neutral” rating on shares of Whole Earth Brands in a research note on Wednesday, February 14th.

Whole Earth Brands Company Profile

Whole Earth Brands, Inc operates as a food company worldwide. The company operates through Branded CPG and Flavors & Ingredients segments. The Branded CPG segment focuses on building a branded portfolio serving consumers seeking zero-calorie, low-calorie, organic, non-GMO, no-sugar added, and plant-based, and Fair Trade spaces in zero/low calorie sweeteners, honey, agave, baking mix, and baking chocolate products.