SG Americas Securities LLC Has $195,000 Stake in The Middleby Co. (NASDAQ:MIDD)

SG Americas Securities LLC decreased its holdings in The Middleby Co. (NASDAQ:MIDD - Free Report) by 58.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,440 shares of the industrial products company's stock after selling 2,035 shares during the period. SG Americas Securities LLC's holdings in Middleby were worth $195,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Covestor Ltd grew its position in Middleby by 306.5% in the third quarter. Covestor Ltd now owns 252 shares of the industrial products company's stock valued at $35,000 after acquiring an additional 190 shares in the last quarter. UMB Bank n.a. grew its position in shares of Middleby by 93.2% during the third quarter. UMB Bank n.a. now owns 282 shares of the industrial products company's stock worth $39,000 after buying an additional 136 shares in the last quarter. Avior Wealth Management LLC grew its position in shares of Middleby by 820.0% during the third quarter. Avior Wealth Management LLC now owns 322 shares of the industrial products company's stock worth $45,000 after buying an additional 287 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Middleby by 91.8% during the third quarter. GAMMA Investing LLC now owns 489 shares of the industrial products company's stock worth $68,000 after buying an additional 234 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Middleby during the third quarter worth approximately $72,000. Hedge funds and other institutional investors own 98.55% of the company's stock.

Middleby Stock Performance

MIDD stock traded up $0.58 during mid-day trading on Wednesday, reaching $165.10. The company had a trading volume of 821,819 shares, compared to its average volume of 853,329. The company has a quick ratio of 1.70, a current ratio of 2.81 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $8.88 billion, a P/E ratio of 22.77 and a beta of 1.64. The Middleby Co. has a one year low of $118.41 and a one year high of $177.90. The stock's 50-day simple moving average is $146.26 and its two-hundred day simple moving average is $140.82.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. KeyCorp raised their price target on shares of Middleby from $160.00 to $185.00 and gave the stock an "overweight" rating in a research report on Monday, January 27th. Robert W. Baird raised their price target on shares of Middleby from $157.00 to $227.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 28th. StockNews.com downgraded shares of Middleby from a "buy" rating to a "hold" rating in a report on Monday, January 27th. Canaccord Genuity Group lifted their price objective on shares of Middleby from $155.00 to $192.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Middleby from $134.00 to $145.00 and gave the stock an "underweight" rating in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $178.83.

Middleby Company 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.