Jacobs Levy Equity Management Inc. Has $16.50 Million Stock Holdings in The Andersons, Inc. (NASDAQ:ANDE)

Jacobs Levy Equity Management Inc. reduced its position in shares of The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 4.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 328,977 shares of the basic materials company's stock after selling 14,242 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.97% of Andersons worth $16,495,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. nVerses Capital LLC bought a new stake in Andersons during the second quarter worth about $25,000. EverSource Wealth Advisors LLC raised its holdings in Andersons by 323.4% during the first quarter. EverSource Wealth Advisors LLC now owns 1,084 shares of the basic materials company's stock worth $60,000 after acquiring an additional 828 shares in the last quarter. Innealta Capital LLC bought a new stake in Andersons during the second quarter worth about $57,000. Truvestments Capital LLC bought a new stake in Andersons during the third quarter worth about $98,000. Finally, Inspire Advisors LLC bought a new stake in Andersons in the second quarter valued at approximately $202,000. 87.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. StockNews.com upgraded Andersons from a "hold" rating to a "buy" rating in a research note on Wednesday, November 13th. Stephens upgraded Andersons to a "strong-buy" rating in a research note on Monday.

Insider Transactions at Andersons

In related news, insider Joseph E. Mcneely sold 2,382 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $47.73, for a total transaction of $113,692.86. Following the sale, the insider now owns 49,601 shares of the company's stock, valued at $2,367,455.73. This represents a 4.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 5.10% of the stock is owned by corporate insiders.

Andersons Stock Performance

NASDAQ:ANDE traded down $0.81 on Thursday, hitting $46.14. The company's stock had a trading volume of 324,059 shares, compared to its average volume of 176,306. 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 stock has a fifty day moving average of $47.94 and a two-hundred day moving average of $49.13. The firm has a market capitalization of $1.57 billion, a P/E ratio of 13.41 and a beta of 0.57. The Andersons, Inc. has a one year low of $41.76 and a one year high of $61.46.

Andersons (NASDAQ:ANDE - Get Free Report) last announced its earnings results on Monday, November 4th. The basic materials company reported $0.80 earnings per share for the quarter, topping analysts' consensus estimates of $0.43 by $0.37. The company had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.90 billion. Andersons had a return on equity of 8.21% and a net margin of 1.06%. The firm's quarterly revenue was down 27.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.13 earnings per share.

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.