StockNews.com Lowers Andersons (NASDAQ:ANDE) to Hold

Andersons (NASDAQ:ANDE) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

Andersons Price Performance

ANDE stock opened at $50.06 on Wednesday. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 14.14 and a beta of 0.57. The firm’s 50-day moving average price is $49.73 and its two-hundred day moving average price is $51.87. The company has a current ratio of 2.07, a quick ratio of 1.44 and a debt-to-equity ratio of 0.36. Andersons has a 12-month low of $44.65 and a 12-month high of $61.46.

Andersons (NASDAQ:ANDE) last released its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.04). The business had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $3.20 billion. Andersons had a net margin of 0.83% and a return on equity of 6.99%. The company’s revenue for the quarter was down 30.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.52 EPS.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. nVerses Capital LLC bought a new stake in shares of Andersons during the 2nd quarter valued at about $25,000. GAMMA Investing LLC lifted its holdings in Andersons by 65.8% in the first quarter. GAMMA Investing LLC now owns 524 shares of the basic materials company’s stock worth $30,000 after buying an additional 208 shares during the period. Creekmur Asset Management LLC bought a new stake in Andersons during the 4th quarter valued at approximately $41,000. Larson Financial Group LLC purchased a new position in shares of Andersons during the 1st quarter worth approximately $57,000. Finally, Innealta Capital LLC bought a new position in shares of Andersons in the 2nd quarter worth approximately $57,000. 87.06% of the stock is owned by hedge funds and other institutional investors.

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.