Thrivent Financial for Lutherans Sells 1,146 Shares of The Andersons, Inc. (NASDAQ:ANDE)

Thrivent Financial for Lutherans reduced its stake in shares of The Andersons, Inc. (NASDAQ:ANDE) by 4.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 25,231 shares of the basic materials company’s stock after selling 1,146 shares during the period. Thrivent Financial for Lutherans’ holdings in Andersons were worth $1,265,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Renaissance Technologies LLC lifted its holdings in Andersons by 13.1% in the second quarter. Renaissance Technologies LLC now owns 159,576 shares of the basic materials company’s stock valued at $7,915,000 after buying an additional 18,500 shares during the period. Deerfield Management Company L.P. Series C acquired a new position in shares of Andersons in the 2nd quarter valued at about $1,040,000. Victory Capital Management Inc. grew its stake in Andersons by 7.0% during the third quarter. Victory Capital Management Inc. now owns 488,505 shares of the basic materials company’s stock worth $24,494,000 after purchasing an additional 31,881 shares during the period. Panagora Asset Management Inc. grew its stake in Andersons by 5.2% during the second quarter. Panagora Asset Management Inc. now owns 207,913 shares of the basic materials company’s stock worth $10,312,000 after purchasing an additional 10,222 shares during the period. Finally, Hantz Financial Services Inc. bought a new stake in Andersons in the second quarter worth approximately $634,000. 87.06% of the stock is owned by institutional investors and hedge funds.

Andersons Trading Down 0.4 %

ANDE opened at $47.74 on Monday. The company has a fifty day moving average price of $48.06 and a two-hundred day moving average price of $49.22. The Andersons, Inc. has a 1-year low of $41.76 and a 1-year high of $61.46. The company has a market cap of $1.63 billion, a P/E ratio of 13.64 and a beta of 0.60. The company has a current ratio of 1.98, a quick ratio of 1.23 and a debt-to-equity ratio of 0.36.

Andersons (NASDAQ:ANDE) last issued its earnings results on Monday, November 4th. The basic materials company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.37. The business had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.90 billion. Andersons had a return on equity of 8.21% and a net margin of 1.06%. The firm’s revenue was down 27.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.13 EPS.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Andersons from a “hold” rating to a “buy” rating in a report on Wednesday, November 13th.

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.