ClearAlpha Technologies LP Buys Shares of 6,210 The Andersons, Inc. (NASDAQ:ANDE)

ClearAlpha Technologies LP purchased a new position in The Andersons, Inc. (NASDAQ:ANDE) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 modified their holdings of the business. SummerHaven Investment Management LLC raised its stake in Andersons by 1.8% during the second quarter. SummerHaven Investment Management LLC now owns 16,116 shares of the basic materials company’s stock worth $799,000 after acquiring an additional 289 shares during the period. Creative Planning lifted its holdings in shares of Andersons by 6.2% in the 3rd quarter. Creative Planning now owns 5,261 shares of the basic materials company’s stock worth $264,000 after purchasing an additional 309 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in Andersons by 2.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 16,000 shares of the basic materials company’s stock valued at $794,000 after purchasing an additional 400 shares during the period. Inspire Advisors LLC grew its stake in Andersons by 11.8% during the 3rd quarter. Inspire Advisors LLC now owns 4,547 shares of the basic materials company’s stock worth $228,000 after buying an additional 480 shares during the last quarter. Finally, nVerses Capital LLC bought a new position in Andersons during the 2nd quarter worth $25,000. 87.06% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Andersons news, insider Joseph E. Mcneely sold 2,382 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $47.73, for a total transaction of $113,692.86. Following the sale, the insider now directly owns 49,601 shares in the company, valued at approximately $2,367,455.73. The trade was a 4.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 5.10% of the company’s stock.

Analysts Set New Price Targets

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

Andersons Stock Performance

ANDE opened at $48.35 on Tuesday. The company has a current ratio of 1.98, a quick ratio of 1.23 and a debt-to-equity ratio of 0.36. The business’s 50 day moving average is $48.06 and its 200-day moving average is $49.20. The stock has a market cap of $1.65 billion, a PE 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.

Andersons (NASDAQ:ANDE) last announced its 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 the consensus estimate of $2.90 billion. During the same quarter in the previous year, the business earned $0.13 EPS. The firm’s revenue for the quarter was down 27.9% on a year-over-year basis.

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.