Victory Capital Management Inc. Buys 31,881 Shares of The Andersons, Inc. (NASDAQ:ANDE)

Victory Capital Management Inc. increased its position in The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 7.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 488,505 shares of the basic materials company's stock after purchasing an additional 31,881 shares during the quarter. Victory Capital Management Inc. owned approximately 1.43% of Andersons worth $24,494,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of ANDE. nVerses Capital LLC acquired a new stake in shares of Andersons during the 2nd quarter worth approximately $25,000. Innealta Capital LLC bought a new position in shares of Andersons during the second quarter valued at $57,000. EverSource Wealth Advisors LLC raised its stake in shares of Andersons by 323.4% during the first quarter. EverSource Wealth Advisors LLC now owns 1,084 shares of the basic materials company's stock valued at $60,000 after acquiring an additional 828 shares during the last quarter. SG Americas Securities LLC bought a new position in Andersons during the first quarter worth $193,000. Finally, Inspire Advisors LLC bought a new position in Andersons during the second quarter worth $202,000. 87.06% of the stock is owned by institutional investors.

Andersons Stock Up 0.5 %

NASDAQ:ANDE traded up $0.24 on Monday, reaching $48.50. 100,420 shares of the stock traded hands, compared to its average volume of 172,188. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of 13.79 and a beta of 0.60. 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 Andersons, Inc. has a 12 month low of $41.76 and a 12 month high of $61.46. The company's fifty day simple moving average is $48.05 and its 200 day simple moving average is $49.62.

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 (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.37. Andersons had a net margin of 1.06% and a return on equity of 8.21%. The company had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same period in the previous year, the business posted $0.13 earnings per share. The firm's quarterly revenue was down 27.9% compared to the same quarter last year.

Analyst Ratings Changes

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

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.