Two Sigma Investments LP Makes New $690,000 Investment in The Andersons, Inc. (NASDAQ:ANDE)

Two Sigma Investments LP acquired a new position in shares of The Andersons, Inc. (NASDAQ:ANDE) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 17,033 shares of the basic materials company’s stock, valued at approximately $690,000.

A number of other large investors have also recently bought and sold shares of ANDE. EverSource Wealth Advisors LLC boosted its stake in shares of Andersons by 16.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,866 shares of the basic materials company’s stock valued at $116,000 after purchasing an additional 412 shares in the last quarter. Arete Wealth Advisors LLC boosted its stake in shares of Andersons by 9.4% in the 4th quarter. Arete Wealth Advisors LLC now owns 6,710 shares of the basic materials company’s stock valued at $272,000 after purchasing an additional 579 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Andersons by 3.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,559 shares of the basic materials company’s stock valued at $752,000 after purchasing an additional 634 shares in the last quarter. KBC Group NV boosted its stake in shares of Andersons by 70.3% in the 4th quarter. KBC Group NV now owns 1,558 shares of the basic materials company’s stock valued at $63,000 after purchasing an additional 643 shares in the last quarter. Finally, Sterling Capital Management LLC boosted its stake in shares of Andersons by 9.0% in the 4th quarter. Sterling Capital Management LLC now owns 9,912 shares of the basic materials company’s stock valued at $402,000 after purchasing an additional 819 shares in the last quarter. 87.06% of the stock is currently owned by institutional investors and hedge funds.

Andersons Stock Up 1.4%

NASDAQ:ANDE opened at $34.67 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.65 and a quick ratio of 0.90. The Andersons, Inc. has a one year low of $31.03 and a one year high of $55.52. The firm’s 50 day simple moving average is $36.58 and its 200 day simple moving average is $40.83. The company has a market cap of $1.19 billion, a PE ratio of 10.44 and a beta of 0.76.

Andersons (NASDAQ:ANDE) last released its quarterly earnings results on Tuesday, May 6th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.20. Andersons had a net margin of 1.01% and a return on equity of 7.59%. The firm had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.85 billion. During the same quarter last year, the business earned $0.16 EPS. The company’s revenue was down 2.3% compared to the same quarter last year. On average, research analysts anticipate that The Andersons, Inc. will post 3.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

ANDE has been the topic of a number of research analyst reports. Lake Street Capital reduced their price target on shares of Andersons from $70.00 to $55.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. BMO Capital Markets initiated coverage on shares of Andersons in a research report on Tuesday, May 6th. They set a “market perform” rating and a $45.00 target price on the stock. Wall Street Zen downgraded shares of Andersons from a “buy” rating to a “hold” rating in a research report on Thursday, May 15th. Finally, Stephens reiterated an “overweight” rating and set a $55.00 target price on shares of Andersons in a research report on Wednesday, February 19th.

About Andersons

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.