ClearAlpha Technologies LP Buys New Position in The Andersons, Inc. (NASDAQ:ANDE)

ClearAlpha Technologies LP purchased a new position in The Andersons, Inc. (NASDAQ:ANDE) during the 3rd quarter, HoldingsChannel reports. The firm purchased 6,210 shares of the basic materials company’s stock, valued at approximately $311,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ANDE. Pacer Advisors Inc. lifted its position in shares of Andersons by 8.8% during the 2nd quarter. Pacer Advisors Inc. now owns 3,737,703 shares of the basic materials company’s stock valued at $185,390,000 after acquiring an additional 303,711 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Andersons by 16.8% during the second quarter. American Century Companies Inc. now owns 933,968 shares of the basic materials company’s stock valued at $46,325,000 after purchasing an additional 134,126 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Andersons by 23.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 652,579 shares of the basic materials company’s stock valued at $32,720,000 after purchasing an additional 124,468 shares during the period. Victory Capital Management Inc. increased its stake in Andersons by 7.0% in the 3rd 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 in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Andersons by 1.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 336,714 shares of the basic materials company’s stock worth $16,701,000 after buying an additional 5,983 shares during the period. 87.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insider Transactions at Andersons

In other news, insider Joseph E. Mcneely sold 2,382 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $47.73, for a total transaction of $113,692.86. Following the transaction, the insider now directly owns 49,601 shares in the company, valued at $2,367,455.73. The trade was a 4.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 5.10% of the stock is owned by insiders.

Andersons Trading Up 1.3 %

NASDAQ ANDE opened at $48.35 on Tuesday. The firm’s 50 day moving average price is $48.06 and its two-hundred day moving average price is $49.20. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 13.81 and a beta of 0.60. The Andersons, Inc. has a twelve month low of $41.76 and a twelve month high of $61.46. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.23 and a current ratio of 1.98.

Andersons (NASDAQ:ANDE) last posted its quarterly earnings results on Monday, November 4th. The basic materials company reported $0.80 earnings per share 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 firm had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same period in the previous year, the firm earned $0.13 earnings per share. Andersons’s quarterly revenue was down 27.9% on a year-over-year basis.

Andersons 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.