Noteworthy Price Action: Can Andersons Inc’s Tomorrow be Different? The Stock Declines Again

Noteworthy Price Action: Can Andersons Inc's Tomorrow be Different? The Stock Declines Again

The stock of Andersons Inc (NASDAQ:ANDE) is a huge mover today! About 180,518 shares traded hands or 106.60% up from the average. Andersons Inc (NASDAQ:ANDE) has risen 27.96% since April 6, 2016 and is uptrending. It has outperformed by 26.01% the S&P500.
The move comes after 9 months negative chart setup for the $1.05 billion company. It was reported on Nov, 8 by Barchart.com. We have $33.81 PT which if reached, will make NASDAQ:ANDE worth $84.00 million less.

Andersons Inc (NASDAQ:ANDE) Ratings Coverage

Out of 3 analysts covering The Andersons Inc (NASDAQ:ANDE), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. The Andersons Inc has been the topic of 5 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was initiated by Buckingham Research with “Neutral” on Monday, October 19. The firm has “Overweight” rating given on Wednesday, May 18 by Stephens. The rating was upgraded by Buckingham Research to “Buy” on Monday, September 26.

According to Zacks Investment Research, “The Andersons, Inc. is a diversified company operating in three segments. The Agriculture Group engages in grain merchandising, operates grain elevator facilities, distributes wholesale agricultural fertilizer and operates retail farm centers. The Processing and Manufacturing Group includes the processing of lawn and corn-cob based products; the purchase, sale, repair and leasing of railcars; and the operation of automotive service centers.”

Insitutional Activity: The institutional sentiment decreased to 1.06 in 2016 Q2. Its down 0.26, from 1.32 in 2016Q1. The ratio turned negative, as 20 funds sold all Andersons Inc shares owned while 44 reduced positions. 21 funds bought stakes while 47 increased positions. They now own 20.19 million shares or 6.22% less from 21.52 million shares in 2016Q1.
Meeder Asset holds 0% of its portfolio in Andersons Inc (NASDAQ:ANDE) for 1,503 shares. The United Kingdom-based Blackrock Limited has invested 0% in Andersons Inc (NASDAQ:ANDE). Credit Suisse Ag holds 0% of its portfolio in Andersons Inc (NASDAQ:ANDE) for 24,535 shares. Fmr Limited Co owns 33,000 shares or 0% of their US portfolio. Moreover, Bridgeway Cap Mngmt has 0.1% invested in Andersons Inc (NASDAQ:ANDE) for 182,800 shares. Plante Moran Fincl Advisors Limited Company has invested 0.26% of its portfolio in Andersons Inc (NASDAQ:ANDE). Thematic Partners Limited Liability Corporation accumulated 0.63% or 717,212 shares. Goldman Sachs Grp has 29,333 shares for 0% of their US portfolio. Swiss Bancorp accumulated 0% or 43,950 shares. Renaissance Tech Ltd Liability Com holds 0.03% of its portfolio in Andersons Inc (NASDAQ:ANDE) for 497,200 shares. Point72 Asset Mngmt Ltd Partnership holds 0.09% or 355,000 shares in its portfolio. Moreover, Snow Management L P has 0.36% invested in Andersons Inc (NASDAQ:ANDE) for 214,710 shares. Utd Cap Finance Advisers Limited Liability Corp holds 0% of its portfolio in Andersons Inc (NASDAQ:ANDE) for 10,689 shares. Natl Bank Of America De last reported 0% of its portfolio in the stock. State Street Corp accumulated 0% or 585,126 shares.

More notable recent Andersons Inc (NASDAQ:ANDE) news were published by: Prnewswire.com which released: “The Andersons, Inc. Reports Third Quarter Results” on November 07, 2016, also Fool.com with their article: “Why The Andersons, Inc. Shares Spiked Today” published on May 18, 2016, Prnewswire.com published: “The Andersons, Inc. Reports Fourth-Quarter and Full Year Results” on February 10, 2016. More interesting news about Andersons Inc (NASDAQ:ANDE) were released by: Globenewswire.com and their article: “HC2 Submits Second Letter to The Andersons, Inc. Regarding Potential Acquisition” published on June 02, 2016 as well as Benzinga.com‘s news article titled: “10 Stocks To Watch For November 7, 2016” with publication date: November 07, 2016.

ANDE Company Profile

The Andersons, Inc., incorporated on August 19, 1987, is a diversified company. The Firm conducts business across North America in the grain, ethanol, plant nutrient and rail sectors. The Firm also produces turf and cob products, and has a consumer retailing presence. The Firm operates through five divisions: Grain, Ethanol, Rail, Plant Nutrient and Retail. The Firm owns an ethanol facility in Denison, Iowa with a nameplate capacity of approximately 55 million gallons. The Firm owns lawn fertilizer production facilities in Maumee, Ohio, Bowling Green, Ohio, Montgomery, Alabama, and Mocksville, North Carolina. It also owns a corncob processing and storage facility in Delphi, Indiana and over two cob facilities located in Central Illinois. The Firm leases a lawn fertilizer warehouse facility in Toledo, Ohio. The Firm operates approximately 20 railcar repair facilities and over one fabrication shop throughout the country, primarily in the Midwest, South, and West. It also owns an auto service center that is leased to its former venture partner.

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