Short Interest in The Andersons, Inc. (NASDAQ:ANDE) Decreases By 27.8%

The Andersons, Inc. (NASDAQ:ANDE - Get Free Report) saw a large drop in short interest in May. As of May 15th, there was short interest totalling 601,100 shares, a drop of 27.8% from the April 30th total of 832,000 shares. Based on an average daily trading volume, of 355,800 shares, the short-interest ratio is currently 1.7 days. Approximately 1.9% of the company's stock are sold short.

Hedge Funds Weigh In On Andersons

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Voloridge Investment Management LLC bought a new position in Andersons during the fourth quarter valued at approximately $8,651,000. Cubist Systematic Strategies LLC bought a new stake in Andersons in the 4th quarter worth approximately $8,545,000. Millennium Management LLC raised its stake in Andersons by 3,547.8% during the 4th quarter. Millennium Management LLC now owns 204,532 shares of the basic materials company's stock valued at $8,288,000 after buying an additional 198,925 shares during the last quarter. D. E. Shaw & Co. Inc. purchased a new stake in Andersons during the 4th quarter valued at $7,354,000. Finally, Nuveen LLC bought a new position in shares of Andersons during the 1st quarter valued at $5,439,000. Institutional investors own 87.06% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on ANDE shares. BMO Capital Markets began coverage on Andersons in a report on Tuesday, May 6th. They issued a "market perform" rating and a $45.00 target price on the stock. Stephens reiterated an "overweight" rating and issued a $55.00 price target on shares of Andersons in a research note on Wednesday, February 19th. Wall Street Zen downgraded shares of Andersons from a "buy" rating to a "hold" rating in a research report on Thursday, May 15th. Finally, Lake Street Capital decreased their target price on shares of Andersons from $70.00 to $55.00 and set a "buy" rating for the company in a report on Thursday, May 8th.

Andersons Stock Up 0.2%

ANDE stock traded up $0.08 during midday trading on Friday, hitting $35.82. The company's stock had a trading volume of 516,114 shares, compared to its average volume of 261,412. The firm's 50-day moving average is $37.44 and its 200-day moving average is $41.28. 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 has a 12 month low of $31.03 and a 12 month high of $55.52. The company has a market cap of $1.22 billion, a PE ratio of 10.79 and a beta of 0.73.

Andersons (NASDAQ:ANDE - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.08) by $0.20. Andersons had a return on equity of 7.59% and a net margin of 1.01%. The firm had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.85 billion. During the same period in the prior year, the company posted $0.16 earnings per share. The company's quarterly revenue was down 2.3% on a year-over-year basis. On average, equities research analysts forecast that Andersons will post 3.11 earnings per share for the current fiscal year.

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.