Geode Capital Management LLC Acquires 18,187 Shares of Laird Superfood, Inc. (NYSEAMERICAN:LSF)

Geode Capital Management LLC raised its stake in shares of Laird Superfood, Inc. (NYSEAMERICAN:LSF) by 29.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 80,253 shares of the company’s stock after acquiring an additional 18,187 shares during the quarter. Geode Capital Management LLC owned approximately 0.78% of Laird Superfood worth $398,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LSF. XTX Topco Ltd boosted its holdings in Laird Superfood by 41.6% in the third quarter. XTX Topco Ltd now owns 15,957 shares of the company’s stock worth $79,000 after acquiring an additional 4,690 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Laird Superfood by 86.2% in the 2nd quarter. Renaissance Technologies LLC now owns 327,600 shares of the company’s stock worth $1,841,000 after purchasing an additional 151,679 shares in the last quarter. Finally, Dimensional Fund Advisors LP acquired a new stake in Laird Superfood in the 2nd quarter worth approximately $155,000. Hedge funds and other institutional investors own 8.56% of the company’s stock.

Laird Superfood Trading Down 2.1 %

Laird Superfood stock opened at $6.99 on Monday. The stock has a market cap of $71.93 million, a price-to-earnings ratio of -49.93 and a beta of 2.26. Laird Superfood, Inc. has a fifty-two week low of $0.71 and a fifty-two week high of $10.90.

Analysts Set New Price Targets

Separately, Roth Mkm restated a “buy” rating and set a $12.00 price target (up previously from $8.00) on shares of Laird Superfood in a research note on Thursday, November 7th.

Laird Superfood Profile

Laird Superfood, Inc manufactures and markets plant-based natural and functional food in the United States. The company provides powdered and liquid coffee creamers, and hydration and beverage enhancing supplements; hydrate coconut water products; performance mushroom supplements; functional, organic roasted, and instant coffee, tea, hot chocolate products; harvest snacks; and other food items.