Pacer Advisors Inc. Cuts Stake in The Andersons, Inc. (NASDAQ:ANDE)

Pacer Advisors Inc. reduced its stake in shares of The Andersons, Inc. (NASDAQ:ANDE) by 1.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,694,899 shares of the basic materials company’s stock after selling 42,804 shares during the period. Pacer Advisors Inc. owned 10.85% of Andersons worth $185,262,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Intech Investment Management LLC raised its holdings in Andersons by 375.0% in the third quarter. Intech Investment Management LLC now owns 42,225 shares of the basic materials company’s stock valued at $2,117,000 after buying an additional 33,336 shares during the period. Quest Partners LLC raised its holdings in Andersons by 84.2% in the third quarter. Quest Partners LLC now owns 16,120 shares of the basic materials company’s stock valued at $808,000 after buying an additional 7,369 shares during the period. Empowered Funds LLC raised its holdings in Andersons by 3.8% in the third quarter. Empowered Funds LLC now owns 219,421 shares of the basic materials company’s stock valued at $10,960,000 after buying an additional 8,050 shares during the period. Victory Capital Management Inc. grew its position in Andersons by 7.0% in the third quarter. Victory Capital Management Inc. now owns 488,505 shares of the basic materials company’s stock valued at $24,494,000 after acquiring an additional 31,881 shares in the last quarter. Finally, Summit Global Investments grew its position in Andersons by 41.5% in the third quarter. Summit Global Investments now owns 13,088 shares of the basic materials company’s stock valued at $656,000 after acquiring an additional 3,840 shares in the last quarter. 87.06% of the stock is currently owned by hedge funds and other institutional investors.

Andersons Stock Up 0.8 %

Shares of NASDAQ:ANDE opened at $47.59 on Thursday. The company has a quick ratio of 1.23, a current ratio of 1.98 and a debt-to-equity ratio of 0.36. The Andersons, Inc. has a 52-week low of $41.76 and a 52-week high of $61.46. The company has a 50 day moving average of $48.14 and a two-hundred day moving average of $49.49. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 13.60 and a beta of 0.60.

Andersons (NASDAQ:ANDE) last released its quarterly earnings results on Monday, November 4th. The basic materials company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.37. Andersons had a net margin of 1.06% and a return on equity of 8.21%. The business had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter last year, the company earned $0.13 earnings per share. The business’s quarterly revenue was down 27.9% compared to the same quarter last year.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Andersons from a “hold” rating to a “buy” rating in a research report on Wednesday, November 13th.

Andersons Company Profile

The Andersons, Inc operates in trade, renewables, and nutrient and industrial sectors in the United States, Canada, Mexico, Egypt, Switzerland, and internationally. It operates through three segments: Trade, Renewables, and Nutrient & Industrial. The company’s Trade segment operates grain elevators; stores commodities; and provides grain marketing, risk management, and origination services, as well as sells commodities, such as corn, soybeans, wheat, oats, ethanol, and corn oil.