The Andersons, Inc. (NASDAQ:ANDE) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its stake in shares of The Andersons, Inc. (NASDAQ:ANDE) by 7.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,833 shares of the basic materials company’s stock after selling 390 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Andersons were worth $242,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. nVerses Capital LLC acquired a new position in Andersons during the second quarter worth approximately $25,000. EverSource Wealth Advisors LLC raised its position in shares of Andersons by 323.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,084 shares of the basic materials company’s stock worth $60,000 after buying an additional 828 shares during the period. Innealta Capital LLC acquired a new position in Andersons in the second quarter valued at $57,000. Inspire Advisors LLC purchased a new stake in Andersons during the second quarter valued at about $202,000. Finally, Edgestream Partners L.P. acquired a new stake in Andersons during the second quarter worth about $219,000. 87.06% of the stock is currently owned by hedge funds and other institutional investors.

Andersons Stock Performance

NASDAQ:ANDE opened at $47.93 on Friday. The firm’s fifty day simple moving average is $48.14 and its 200 day simple moving average is $49.29. The Andersons, Inc. has a twelve month low of $41.76 and a twelve month high of $61.46. The company has a current ratio of 1.98, a quick ratio of 1.23 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 13.69 and a beta of 0.60.

Andersons (NASDAQ:ANDE) last released its earnings results 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. The company had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.90 billion. Andersons had a return on equity of 8.21% and a net margin of 1.06%. Andersons’s quarterly revenue was down 27.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.13 EPS.

Analyst Upgrades and Downgrades

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

Andersons 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.