Graham Capital Management L.P. Purchases 7,853 Shares of The Andersons, Inc. (NASDAQ:ANDE)

Graham Capital Management L.P. increased its stake in shares of The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 138.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,509 shares of the basic materials company's stock after buying an additional 7,853 shares during the quarter. Graham Capital Management L.P.'s holdings in Andersons were worth $547,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. KBC Group NV increased its stake in shares of Andersons by 70.3% in the 4th quarter. KBC Group NV now owns 1,558 shares of the basic materials company's stock valued at $63,000 after buying an additional 643 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Andersons by 16.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,866 shares of the basic materials company's stock valued at $116,000 after buying an additional 412 shares during the period. Walleye Capital LLC acquired a new position in Andersons in the fourth quarter valued at approximately $213,000. EP Wealth Advisors LLC grew its stake in shares of Andersons by 30.0% during the fourth quarter. EP Wealth Advisors LLC now owns 6,557 shares of the basic materials company's stock worth $266,000 after purchasing an additional 1,513 shares during the period. Finally, Arete Wealth Advisors LLC increased its stake in shares of Andersons by 9.4% in the 4th quarter. Arete Wealth Advisors LLC now owns 6,710 shares of the basic materials company's stock valued at $272,000 after acquiring an additional 579 shares during the last quarter. Institutional investors and hedge funds own 87.06% of the company's stock.

Analysts Set New Price Targets

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

Andersons Stock Down 1.3%

Shares of NASDAQ ANDE traded down $0.46 during midday trading on Wednesday, reaching $35.17. The company's stock had a trading volume of 12,823 shares, compared to its average volume of 256,839. The Andersons, Inc. has a fifty-two week low of $31.03 and a fifty-two week high of $55.52. The stock has a 50 day simple moving average of $38.77 and a 200-day simple moving average of $41.97. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 10.59 and a beta of 0.73. The company has a current ratio of 1.65, a quick ratio of 0.90 and a debt-to-equity ratio of 0.38.

Andersons (NASDAQ:ANDE - Get Free Report) last released its earnings results on Tuesday, May 6th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $2.85 billion. During the same quarter in the prior year, the company posted $0.16 earnings per share. Andersons's revenue was down 2.3% on a year-over-year basis. Equities research analysts predict that The Andersons, Inc. will post 3.11 earnings per share for the current year.

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.