Short Interest in The Andersons, Inc. (NASDAQ:ANDE) Rises By 18.3%

The Andersons, Inc. (NASDAQ:ANDE) was the recipient of a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 958,400 shares, an increase of 18.3% from the November 15th total of 810,400 shares. Currently, 3.0% of the company’s shares are short sold. Based on an average daily volume of 189,300 shares, the short-interest ratio is presently 5.1 days.

Andersons Trading Down 0.9 %

ANDE opened at $44.99 on Monday. The business has a fifty day moving average price of $47.41 and a 200 day moving average price of $48.82. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.98 and a quick ratio of 1.23. Andersons has a 12 month low of $41.76 and a 12 month high of $61.46. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 12.85 and a beta of 0.57.

Andersons (NASDAQ:ANDE) last announced its quarterly earnings data on Monday, November 4th. The basic materials company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.37. Andersons had a return on equity of 8.21% and a net margin of 1.06%. The business had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the previous year, the company posted $0.13 earnings per share. The business’s revenue for the quarter was down 27.9% on a year-over-year basis. Sell-side analysts expect that Andersons will post 2.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on ANDE. Stephens upgraded shares of Andersons to a “strong-buy” rating in a report on Monday, December 2nd. StockNews.com raised Andersons from a “hold” rating to a “buy” rating in a research report on Wednesday, November 13th.

Insider Buying and Selling

In related news, insider Joseph E. Mcneely sold 2,382 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $47.73, for a total transaction of $113,692.86. Following the completion of the sale, the insider now directly owns 49,601 shares of the company’s stock, valued at approximately $2,367,455.73. This trade represents a 4.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Andersons

Several institutional investors have recently modified their holdings of the company. Arete Wealth Advisors LLC boosted its holdings in Andersons by 31.5% in the third quarter. Arete Wealth Advisors LLC now owns 6,131 shares of the basic materials company’s stock valued at $306,000 after purchasing an additional 1,469 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Andersons by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 785,139 shares of the basic materials company’s stock valued at $39,374,000 after buying an additional 14,634 shares during the last quarter. Vestcor Inc boosted its stake in Andersons by 413.7% in the third quarter. Vestcor Inc now owns 13,038 shares of the basic materials company’s stock valued at $654,000 after acquiring an additional 10,500 shares in the last quarter. Barclays PLC boosted its position in shares of Andersons by 347.7% in the 3rd quarter. Barclays PLC now owns 54,358 shares of the basic materials company’s stock valued at $2,725,000 after purchasing an additional 42,217 shares during the period. Finally, EP Wealth Advisors LLC acquired a new position in Andersons during the third quarter worth approximately $253,000. 87.06% of the stock is owned by hedge funds and other institutional investors.

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.