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

GAMMA Investing LLC boosted its stake in shares of The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 22,491.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 77,489 shares of the basic materials company's stock after buying an additional 77,146 shares during the period. GAMMA Investing LLC owned about 0.23% of Andersons worth $3,327,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. American Century Companies Inc. raised its holdings in shares of Andersons by 7.8% during the fourth quarter. American Century Companies Inc. now owns 1,166,781 shares of the basic materials company's stock valued at $47,278,000 after acquiring an additional 84,133 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Andersons by 15.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 751,624 shares of the basic materials company's stock valued at $30,456,000 after purchasing an additional 99,045 shares during the period. Northern Trust Corp lifted its holdings in shares of Andersons by 11.0% in the fourth quarter. Northern Trust Corp now owns 615,897 shares of the basic materials company's stock valued at $24,956,000 after purchasing an additional 61,250 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Andersons by 21.4% in the fourth quarter. Ameriprise Financial Inc. now owns 463,548 shares of the basic materials company's stock worth $18,783,000 after buying an additional 81,777 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in shares of Andersons by 10.6% during the fourth quarter. JPMorgan Chase & Co. now owns 397,691 shares of the basic materials company's stock valued at $16,114,000 after buying an additional 38,020 shares in the last quarter. 87.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on ANDE shares. Stephens reiterated an "overweight" rating and issued a $55.00 target price on shares of Andersons in a report on Wednesday, February 19th. BMO Capital Markets assumed coverage on shares of Andersons in a research note on Tuesday, May 6th. They issued a "market perform" rating and a $45.00 price objective on the stock. 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 report on Thursday, May 8th. Finally, Wall Street Zen cut shares of Andersons from a "buy" rating to a "hold" rating in a report on Thursday, May 15th.

Andersons Stock Up 2.9%

NASDAQ:ANDE traded up $1.04 during mid-day trading on Friday, reaching $36.70. The stock had a trading volume of 159,738 shares, compared to its average volume of 264,649. The stock has a market cap of $1.25 billion, a P/E ratio of 11.07 and a beta of 0.76. The business's 50 day moving average is $36.21 and its 200 day moving average is $40.53. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.65 and a quick ratio of 0.90. The Andersons, Inc. has a fifty-two week low of $31.03 and a fifty-two week high of $55.52.

Andersons (NASDAQ:ANDE - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The basic materials company reported $0.12 earnings per share for the quarter, beating analysts' consensus estimates of ($0.08) by $0.20. Andersons had a net margin of 1.01% and a return on equity of 7.59%. The business had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.85 billion. During the same quarter last year, the firm earned $0.16 EPS. Andersons's revenue for the quarter was down 2.3% on a year-over-year basis. As a group, sell-side analysts predict that The Andersons, Inc. will post 3.11 earnings per share for the current year.

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.