Millennium Management LLC Buys 198,925 Shares of The Andersons, Inc. (NASDAQ:ANDE)

Millennium Management LLC boosted its stake in shares of The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 3,547.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 204,532 shares of the basic materials company's stock after buying an additional 198,925 shares during the quarter. Millennium Management LLC owned approximately 0.60% of Andersons worth $8,288,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ANDE. Cubist Systematic Strategies LLC acquired a new position in shares of Andersons in the 4th quarter worth approximately $8,545,000. D. E. Shaw & Co. Inc. acquired a new position in shares of Andersons in the 4th quarter worth approximately $7,354,000. Balyasny Asset Management L.P. acquired a new position in shares of Andersons in the 4th quarter worth approximately $4,283,000. Charles Schwab Investment Management Inc. lifted its position in shares of Andersons by 15.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 751,624 shares of the basic materials company's stock worth $30,456,000 after purchasing an additional 99,045 shares during the period. Finally, Intech Investment Management LLC boosted its position in shares of Andersons by 221.3% during the 4th quarter. Intech Investment Management LLC now owns 135,678 shares of the basic materials company's stock valued at $5,498,000 after purchasing an additional 93,453 shares in the last quarter. Institutional investors own 87.06% of the company's stock.

Andersons Stock Performance

NASDAQ:ANDE traded down $0.19 during trading hours on Wednesday, reaching $34.78. The stock had a trading volume of 228,025 shares, compared to its average volume of 258,723. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.90 and a current ratio of 1.65. The stock has a 50 day simple moving average of $37.87 and a 200 day simple moving average of $41.53. The Andersons, Inc. has a 12-month low of $31.03 and a 12-month high of $55.52. The stock has a market cap of $1.19 billion, a P/E ratio of 10.48 and a beta of 0.73.

Andersons (NASDAQ:ANDE - Get Free Report) last issued 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. The company had revenue of $2.66 billion during the quarter, compared to analysts' expectations of $2.85 billion. Andersons had a net margin of 1.01% and a return on equity of 7.59%. Andersons's revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.16 earnings per share. On average, research analysts forecast that The Andersons, Inc. will post 3.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ANDE. BMO Capital Markets began coverage on Andersons in a research report on Tuesday, May 6th. They set a "market perform" rating and a $45.00 target price on the stock. Stephens restated an "overweight" rating and set a $55.00 target price on shares of Andersons in a research report on Wednesday, February 19th. Lake Street Capital cut their price target on Andersons from $70.00 to $55.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Finally, Wall Street Zen lowered Andersons from a "buy" rating to a "hold" rating in a report on Thursday, May 15th.

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.