Quantbot Technologies LP Has $38,000 Stake in The Andersons, Inc. (NASDAQ:ANDE)

Quantbot Technologies LP cut its stake in shares of The Andersons, Inc. (NASDAQ:ANDE) by 54.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 759 shares of the basic materials company’s stock after selling 917 shares during the quarter. Quantbot Technologies LP’s holdings in Andersons were worth $38,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. nVerses Capital LLC bought a new stake in shares of Andersons in the 2nd quarter valued at $25,000. Innealta Capital LLC bought a new stake in Andersons in the 2nd quarter valued at about $57,000. Truvestments Capital LLC bought a new stake in shares of Andersons during the third quarter valued at approximately $98,000. EverSource Wealth Advisors LLC raised its position in shares of Andersons by 92.5% during the second quarter. EverSource Wealth Advisors LLC now owns 2,087 shares of the basic materials company’s stock worth $114,000 after purchasing an additional 1,003 shares during the period. Finally, Inspire Advisors LLC bought a new position in shares of Andersons in the 2nd quarter worth $202,000. Institutional investors own 87.06% of the company’s stock.

Andersons Stock Down 1.3 %

ANDE stock opened at $45.55 on Friday. 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 firm has a market capitalization of $1.55 billion, a PE ratio of 13.01 and a beta of 0.57. The stock’s 50 day moving average is $47.77 and its 200-day moving average is $49.06. The Andersons, Inc. has a twelve month low of $41.76 and a twelve month high of $61.46.

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

Insider Buying and Selling at Andersons

In other Andersons news, insider Joseph E. Mcneely sold 2,382 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $47.73, for a total transaction of $113,692.86. Following the transaction, the insider now directly owns 49,601 shares of the company’s stock, valued at approximately $2,367,455.73. The trade was 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 the SEC website. 5.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on ANDE shares. Stephens upgraded shares of Andersons to a “strong-buy” rating in a research note on Monday, December 2nd. StockNews.com upgraded shares of Andersons from a “hold” rating to a “buy” rating in a 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.