Advisors Asset Management Inc. Has $1.62 Million Position in The Andersons, Inc. (NASDAQ:ANDE)

Advisors Asset Management Inc. reduced its stake in shares of The Andersons, Inc. (NASDAQ:ANDE) by 18.7% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 32,215 shares of the basic materials company’s stock after selling 7,420 shares during the quarter. Advisors Asset Management Inc.’s holdings in Andersons were worth $1,615,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. nVerses Capital LLC bought a new position in shares of Andersons during the 2nd quarter valued at about $25,000. Innealta Capital LLC bought a new position in shares of Andersons during the 2nd quarter valued at about $57,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Andersons by 323.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,084 shares of the basic materials company’s stock valued at $60,000 after purchasing an additional 828 shares in the last quarter. Inspire Advisors LLC bought a new position in shares of Andersons during the 2nd quarter valued at about $202,000. Finally, Edgestream Partners L.P. bought a new position in shares of Andersons during the 2nd quarter valued at about $219,000. 87.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Andersons Trading Up 0.7 %

NASDAQ ANDE opened at $48.21 on Monday. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 13.77 and a beta of 0.60. The stock’s 50 day moving average price is $48.18 and its two-hundred day moving average price is $49.36. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.23 and a current ratio of 1.98. The Andersons, Inc. has a 52 week low of $41.76 and a 52 week high of $61.46.

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

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.