GAMMA Investing LLC Acquires 77,146 Shares of The Andersons, Inc. (NASDAQ:ANDE)

GAMMA Investing LLC grew its holdings in shares of The Andersons, Inc. (NASDAQ:ANDE) by 22,491.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,489 shares of the basic materials company’s stock after buying an additional 77,146 shares during the quarter. GAMMA Investing LLC owned 0.23% of Andersons worth $3,327,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its stake in Andersons by 16.8% during 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 during the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Andersons in the fourth quarter valued at approximately $189,000. Sherbrooke Park Advisers LLC purchased a new position in shares of Andersons during the fourth quarter valued at approximately $212,000. Walleye Capital LLC purchased a new position in shares of Andersons during the fourth quarter valued at approximately $213,000. Finally, EP Wealth Advisors LLC grew its holdings in Andersons by 30.0% during the fourth quarter. EP Wealth Advisors LLC now owns 6,557 shares of the basic materials company’s stock worth $266,000 after buying an additional 1,513 shares in the last quarter. 87.06% of the stock is owned by institutional investors.

Andersons Stock Down 1.4%

ANDE stock opened at $35.42 on Thursday. The stock has a market cap of $1.21 billion, a P/E ratio of 10.67 and a beta of 0.76. The company has a current ratio of 1.65, a quick ratio of 0.90 and a debt-to-equity ratio of 0.38. The stock’s fifty day simple moving average is $36.23 and its two-hundred day simple moving average is $40.62. The Andersons, Inc. has a 1-year low of $31.03 and a 1-year high of $55.52.

Andersons (NASDAQ:ANDE) last released its earnings results on Tuesday, May 6th. The basic materials company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.20. The company had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $2.85 billion. Andersons had a return on equity of 7.59% and a net margin of 1.01%. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.16 EPS. Analysts expect that The Andersons, Inc. will post 3.11 EPS for the current year.

Analyst Upgrades and Downgrades

ANDE has been the topic of several recent analyst reports. Wall Street Zen cut Andersons from a “buy” rating to a “hold” rating in a research note on Thursday, May 15th. BMO Capital Markets began coverage on shares of Andersons in a report on Tuesday, May 6th. They issued a “market perform” rating and a $45.00 target price for the company. Lake Street Capital cut their price target on shares of Andersons from $70.00 to $55.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. Finally, Stephens reaffirmed an “overweight” rating and issued a $55.00 price objective 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.