Balyasny Asset Management L.P. Takes $4.28 Million Position in The Andersons, Inc. (NASDAQ:ANDE)

Balyasny Asset Management L.P. acquired a new position in The Andersons, Inc. (NASDAQ:ANDE - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 105,696 shares of the basic materials company's stock, valued at approximately $4,283,000. Balyasny Asset Management L.P. owned about 0.31% of Andersons at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Nordea Investment Management AB lifted its stake in shares of Andersons by 86.5% in the fourth quarter. Nordea Investment Management AB now owns 101,099 shares of the basic materials company's stock worth $4,110,000 after buying an additional 46,903 shares during the last quarter. Tudor Investment Corp ET AL acquired a new position in Andersons during the 4th quarter valued at $591,000. Proficio Capital Partners LLC acquired a new position in Andersons during the 4th quarter valued at $728,000. Wedge Capital Management L L P NC acquired a new position in Andersons during the 4th quarter valued at $2,744,000. Finally, Empowered Funds LLC raised its stake in Andersons by 5.8% during the 4th quarter. Empowered Funds LLC now owns 232,213 shares of the basic materials company's stock valued at $9,364,000 after purchasing an additional 12,792 shares during the last quarter. 87.06% of the stock is currently owned by institutional investors and hedge funds.

Andersons Trading Down 2.8%

Shares of NASDAQ:ANDE traded down $1.02 during mid-day trading on Wednesday, reaching $35.34. The stock had a trading volume of 357,398 shares, compared to its average volume of 256,004. The firm has a market cap of $1.21 billion, a PE ratio of 10.64 and a beta of 0.73. The firm has a 50 day simple moving average of $39.43 and a two-hundred day simple moving average of $42.33. 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 Andersons, Inc. has a twelve month low of $31.03 and a twelve month high of $55.52.

Andersons (NASDAQ:ANDE - Get Free Report) last posted its earnings results on Tuesday, May 6th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.08) by $0.20. Andersons had a return on equity of 7.59% and a net margin of 1.01%. The business had revenue of $2.66 billion during the quarter, compared to analysts' expectations of $2.85 billion. During the same period in the prior year, the business earned $0.16 EPS. Andersons's revenue for the quarter was down 2.3% compared to the same quarter last year. On average, research analysts predict that The Andersons, Inc. will post 3.11 EPS for the current fiscal year.

Insider Buying and Selling

In related news, VP Weston Heide sold 800 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $48.00, for a total transaction of $38,400.00. Following the completion of the sale, the vice president now directly owns 16,104 shares of the company's stock, valued at approximately $772,992. This represents a 4.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.30% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently commented on ANDE shares. Lake Street Capital cut their target price on shares of Andersons from $70.00 to $55.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. 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 on the stock. Stephens reiterated an "overweight" rating and set a $55.00 price target on shares of Andersons in a research report on Wednesday, February 19th. Finally, StockNews.com upgraded shares of Andersons from a "hold" rating to a "buy" rating in a research report on Wednesday, May 7th.

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.