The Andersons, Inc. (NASDAQ:ANDE) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. lowered its stake in shares of The Andersons, Inc. (NASDAQ:ANDE) by 1.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,694,899 shares of the basic materials company’s stock after selling 42,804 shares during the quarter. Pacer Advisors Inc. owned approximately 0.11% of Andersons worth $185,262,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC boosted 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 worth $7,915,000 after purchasing an additional 18,500 shares during the period. Deerfield Management Company L.P. Series C acquired a new position in Andersons in the second quarter worth $1,040,000. Panagora Asset Management Inc. boosted its holdings in Andersons by 5.2% in 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. Victory Capital Management Inc. boosted its holdings in Andersons by 7.0% in 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. Finally, UniSuper Management Pty Ltd acquired a new position in Andersons in the first quarter worth $434,000. Institutional investors and hedge funds own 87.06% of the company’s stock.

Andersons Trading Up 0.8 %

Shares of NASDAQ:ANDE opened at $47.59 on Thursday. 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 company’s 50-day moving average price is $48.14 and its 200 day moving average price is $49.49. The company has a market cap of $1.62 billion, a PE ratio of 13.60 and a beta of 0.60. The Andersons, Inc. has a fifty-two week low of $41.76 and a fifty-two week high of $61.46.

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

Analyst Ratings Changes

Separately, StockNews.com raised shares of 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.