The Andersons, Inc. (NASDAQ:ANDE) Shares Acquired by Man Group plc

Man Group plc increased its position in The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 4.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 178,597 shares of the basic materials company's stock after buying an additional 7,463 shares during the period. Man Group plc owned 0.52% of Andersons worth $7,237,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ANDE. Tudor Investment Corp ET AL acquired a new stake in shares of Andersons in the fourth quarter worth $591,000. Proficio Capital Partners LLC acquired a new stake in Andersons in the fourth quarter worth about $728,000. Empowered Funds LLC grew its position in shares of Andersons by 5.8% during the 4th quarter. Empowered Funds LLC now owns 232,213 shares of the basic materials company's stock worth $9,364,000 after buying an additional 12,792 shares during the period. Wedge Capital Management L L P NC bought a new position in shares of Andersons during the 4th quarter valued at about $2,744,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Andersons by 14.2% during the 4th quarter. Bank of New York Mellon Corp now owns 353,271 shares of the basic materials company's stock worth $14,315,000 after purchasing an additional 44,022 shares in the last quarter. Institutional investors and hedge funds own 87.06% of the company's stock.

Andersons Stock Performance

Shares of ANDE traded down $0.12 during trading hours on Friday, hitting $34.01. The stock had a trading volume of 208,807 shares, compared to its average volume of 259,004. 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 12 month low of $31.03 and a 12 month high of $55.52. The firm has a market capitalization of $1.16 billion, a PE ratio of 10.24 and a beta of 0.73. The stock has a fifty day moving average price of $38.24 and a 200 day moving average price of $41.68.

Andersons (NASDAQ:ANDE - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The basic materials company reported $0.12 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $2.85 billion. During the same period in the previous year, the business earned $0.16 earnings per share. The business's revenue was down 2.3% on a year-over-year basis. Analysts anticipate that The Andersons, Inc. will post 3.11 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. BMO Capital Markets assumed coverage on Andersons in a research report on Tuesday, May 6th. They issued a "market perform" rating and a $45.00 price target on the stock. Stephens reiterated an "overweight" rating and set a $55.00 price objective on shares of Andersons in a research note on Wednesday, February 19th. Lake Street Capital reduced their price objective on Andersons from $70.00 to $55.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Finally, Wall Street Zen lowered Andersons from a "buy" rating to a "hold" rating in a research report on Thursday, May 15th.

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.