Centiva Capital LP Purchases 5,993 Shares of The Middleby Co. (NASDAQ:MIDD)

Centiva Capital LP lifted its position in shares of The Middleby Co. (NASDAQ:MIDD - Free Report) by 125.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,759 shares of the industrial products company's stock after purchasing an additional 5,993 shares during the quarter. Centiva Capital LP's holdings in Middleby were worth $1,497,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cornercap Investment Counsel Inc. bought a new stake in shares of Middleby during the 2nd quarter valued at $500,000. Addenda Capital Inc. boosted its stake in shares of Middleby by 8.5% during the 2nd quarter. Addenda Capital Inc. now owns 57,645 shares of the industrial products company's stock worth $7,068,000 after purchasing an additional 4,512 shares during the last quarter. Sarasin & Partners LLP grew its position in Middleby by 1.6% in the second quarter. Sarasin & Partners LLP now owns 925,915 shares of the industrial products company's stock valued at $113,526,000 after acquiring an additional 14,413 shares in the last quarter. Westwood Holdings Group Inc. increased its stake in Middleby by 11.7% during the second quarter. Westwood Holdings Group Inc. now owns 96,482 shares of the industrial products company's stock valued at $11,830,000 after purchasing an additional 10,115 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in Middleby in the 2nd quarter valued at about $225,000. Institutional investors own 98.55% of the company's stock.

Middleby Stock Up 0.5 %

NASDAQ MIDD traded up $0.78 during trading on Wednesday, hitting $143.03. The company's stock had a trading volume of 395,677 shares, compared to its average volume of 506,422. The company has a market cap of $7.69 billion, a PE ratio of 19.58 and a beta of 1.60. The Middleby Co. has a fifty-two week low of $118.41 and a fifty-two week high of $161.01. The business's 50 day simple moving average is $137.98 and its 200-day simple moving average is $133.67. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.81 and a quick ratio of 1.70.

Middleby (NASDAQ:MIDD - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The industrial products company reported $2.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.48 by ($0.15). The firm had revenue of $942.81 million for the quarter, compared to analysts' expectations of $996.60 million. Middleby had a net margin of 10.14% and a return on equity of 14.66%. Middleby's revenue was down 3.9% on a year-over-year basis. During the same period last year, the firm posted $2.35 EPS. On average, equities analysts anticipate that The Middleby Co. will post 9.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MIDD has been the topic of several recent analyst reports. StockNews.com upgraded Middleby from a "hold" rating to a "buy" rating in a report on Monday, November 4th. Canaccord Genuity Group lowered their price target on Middleby from $164.00 to $155.00 and set a "buy" rating for the company in a research report on Friday, November 1st. Finally, Canaccord Genuity Group restated a "buy" rating and set a $164.00 price objective on shares of Middleby in a research report on Saturday, September 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $154.67.

Middleby Profile

The Middleby Corporation designs, markets, manufactures, distributes, and services foodservice, food processing, and residential kitchen equipment worldwide. Its Commercial Foodservice Equipment Group segment offers conveyor, combi, convection, baking, proofing, deck, speed cooking, and hydrovection ovens; ranges, fryers, and rethermalizers; steam cooking, food warming, catering, induction cooking, and countertop cooking equipment; heated cabinets, charbroilers, ventless cooking systems, kitchen ventilation, toasters, griddles, charcoal grills, professional mixers, stainless steel fabrication, custom millwork, professional refrigerators, blast chillers, cold rooms, ice machines, and freezers; soft serve ice cream, coffee and beverage dispensing, home and professional craft brewing equipment; and fry dispensers, bottle filling and canning equipment, IoT solutions, and controls development and manufacturing.