The Andersons, Inc. (NASDAQ:ANDE) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its holdings in shares of The Andersons, Inc. (NASDAQ:ANDE) by 7.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 4,833 shares of the basic materials company’s stock after selling 390 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Andersons were worth $242,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. nVerses Capital LLC purchased a new stake in Andersons in the 2nd quarter worth approximately $25,000. EverSource Wealth Advisors LLC grew its position in shares of Andersons by 323.4% in the first quarter. EverSource Wealth Advisors LLC now owns 1,084 shares of the basic materials company’s stock valued at $60,000 after purchasing an additional 828 shares during the last quarter. Innealta Capital LLC bought a new position in Andersons in the 2nd quarter worth approximately $57,000. Inspire Advisors LLC bought a new stake in shares of Andersons in the second quarter valued at about $202,000. Finally, Edgestream Partners L.P. acquired a new stake in Andersons during the second quarter worth $219,000. 87.06% of the stock is owned by hedge funds and other institutional investors.

Andersons Stock Up 0.2 %

Shares of NASDAQ ANDE opened at $47.93 on Friday. The Andersons, Inc. has a 12-month low of $41.76 and a 12-month high of $61.46. The company has a quick ratio of 1.23, a current ratio of 1.98 and a debt-to-equity ratio of 0.36. The firm’s 50-day simple moving average is $48.14 and its 200 day simple moving average is $49.29. The company has a market cap of $1.63 billion, a price-to-earnings ratio of 13.69 and a beta of 0.60.

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

Analyst Ratings Changes

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

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.