The Andersons, Inc. (NASDAQ:ANDE) Shares Bought by Graham Capital Management L.P.

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

Other large investors also recently bought and sold shares of the company. Cubist Systematic Strategies LLC acquired a new stake in shares of Andersons in the fourth quarter worth approximately $8,545,000. D. E. Shaw & Co. Inc. purchased a new position in Andersons in the 4th quarter valued at $7,354,000. Balyasny Asset Management L.P. acquired a new stake in Andersons during the 4th quarter worth $4,283,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Andersons by 15.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 751,624 shares of the basic materials company's stock worth $30,456,000 after buying an additional 99,045 shares in the last quarter. Finally, Intech Investment Management LLC grew its holdings in shares of Andersons by 221.3% during the fourth quarter. Intech Investment Management LLC now owns 135,678 shares of the basic materials company's stock worth $5,498,000 after buying an additional 93,453 shares in the last quarter. 87.06% of the stock is currently owned by hedge funds and other institutional investors.

Andersons Trading Down 0.9%

ANDE traded down $0.33 during trading hours on Monday, reaching $35.74. The company's stock had a trading volume of 228,563 shares, compared to its average volume of 257,478. The stock has a market cap of $1.22 billion, a PE ratio of 10.77 and a beta of 0.73. The Andersons, Inc. has a fifty-two week low of $31.03 and a fifty-two week high of $55.52. 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 business's 50-day moving average is $38.99 and its 200-day moving average is $42.08.

Andersons (NASDAQ:ANDE - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.85 billion. Andersons had a return on equity of 7.59% and a net margin of 1.01%. The company's quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.16 EPS. As a group, equities research analysts predict that The Andersons, Inc. will post 3.11 earnings per share for the current fiscal year.

Insider Buying and Selling at Andersons

In other news, VP Weston Heide sold 800 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $48.00, for a total value of $38,400.00. Following the sale, the vice president now directly owns 16,104 shares of the company's stock, valued at approximately $772,992. The trade was a 4.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on ANDE shares. StockNews.com lowered shares of Andersons from a "buy" rating to a "hold" rating in a report on Thursday. Lake Street Capital dropped their price target on Andersons from $70.00 to $55.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Stephens restated an "overweight" rating and issued a $55.00 price target on shares of Andersons in a research report on Wednesday, February 19th. Finally, 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 for the company.

Andersons Company 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.