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

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

Analyst Upgrades and Downgrades

Several research firms recently commented on ANDE. 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. Wall Street Zen lowered Andersons from a "buy" rating to a "hold" rating in a report on Thursday, May 15th. Stephens reissued an "overweight" rating and issued a $55.00 target price on shares of Andersons in a report on Wednesday, February 19th. Finally, Lake Street Capital dropped their target price on Andersons from $70.00 to $55.00 and set a "buy" rating on the stock in a report on Thursday, May 8th.

Hedge Funds Weigh In On Andersons

Several large investors have recently bought and sold shares of the stock. Inspire Investing LLC boosted its stake in Andersons by 153.0% in the first quarter. Inspire Investing LLC now owns 27,532 shares of the basic materials company's stock valued at $1,182,000 after acquiring an additional 16,651 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of Andersons by 61.8% during the first quarter. Acadian Asset Management LLC now owns 67,745 shares of the basic materials company's stock worth $2,903,000 after buying an additional 25,885 shares during the period. Intech Investment Management LLC boosted its stake in shares of Andersons by 2.4% during the first quarter. Intech Investment Management LLC now owns 138,904 shares of the basic materials company's stock worth $5,963,000 after buying an additional 3,226 shares during the period. Empowered Funds LLC boosted its stake in shares of Andersons by 0.7% during the first quarter. Empowered Funds LLC now owns 233,771 shares of the basic materials company's stock worth $9,990,000 after buying an additional 1,558 shares during the period. Finally, UniSuper Management Pty Ltd acquired a new stake in shares of Andersons during the first quarter worth about $999,000. Institutional investors and hedge funds own 87.06% of the company's stock.

Andersons Stock Down 2.4%

NASDAQ:ANDE traded down $0.84 during trading hours on Wednesday, hitting $34.47. The company's stock had a trading volume of 216,815 shares, compared to its average volume of 262,020. The stock has a market capitalization of $1.18 billion, a P/E ratio of 10.38 and a beta of 0.73. The stock has a fifty day moving average of $36.93 and a 200-day moving average of $41.07. 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 52-week low of $31.03 and a 52-week high of $55.52.

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

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.