Quest Partners LLC Purchases 7,369 Shares of The Andersons, Inc. (NASDAQ:ANDE)

Quest Partners LLC boosted its position in The Andersons, Inc. (NASDAQ:ANDE) by 84.2% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 16,120 shares of the basic materials company’s stock after purchasing an additional 7,369 shares during the period. Quest Partners LLC’s holdings in Andersons were worth $808,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ANDE. Pacer Advisors Inc. raised its holdings in shares of Andersons by 8.8% in the 2nd quarter. Pacer Advisors Inc. now owns 3,737,703 shares of the basic materials company’s stock worth $185,390,000 after purchasing an additional 303,711 shares during the period. American Century Companies Inc. grew its stake in shares of Andersons by 16.8% during the 2nd quarter. American Century Companies Inc. now owns 933,968 shares of the basic materials company’s stock worth $46,325,000 after acquiring an additional 134,126 shares during the period. Squarepoint Ops LLC bought a new position in Andersons during the second quarter worth about $2,311,000. Victory Capital Management Inc. grew its stake in Andersons by 8.7% in the 2nd quarter. Victory Capital Management Inc. now owns 456,624 shares of the basic materials company’s stock valued at $22,649,000 after buying an additional 36,594 shares in the last quarter. Finally, Deerfield Management Company L.P. Series C purchased a new stake in Andersons during the 2nd quarter worth about $1,040,000. Hedge funds and other institutional investors own 87.06% of the company’s stock.

Wall Street Analyst Weigh In

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

Andersons Stock Up 0.8 %

ANDE opened at $47.95 on Friday. The firm has a market capitalization of $1.63 billion, a P/E ratio of 13.70 and a beta of 0.60. The Andersons, Inc. has a one year low of $41.76 and a one year high of $61.46. The company has a fifty day moving average price of $48.17 and a 200-day moving average price of $49.48. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.98 and a quick ratio of 1.23.

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

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.