FTD Companies (FTD) Downgraded by ValuEngine

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ValuEngine cut shares of FTD Companies (NASDAQ:FTD) from a buy rating to a hold rating in a research report report published on Friday morning.

Separately, Zacks Investment Research raised shares of FTD Companies from a sell rating to a hold rating in a research report on Tuesday, January 15th.

Shares of NASDAQ:FTD opened at $1.97 on Friday. FTD Companies has a 52 week low of $1.39 and a 52 week high of $6.96.

A number of hedge funds have recently made changes to their positions in FTD. Marshall Wace LLP acquired a new stake in FTD Companies in the third quarter valued at $39,000. California Public Employees Retirement System lifted its stake in shares of FTD Companies by 5.7% during the 4th quarter. California Public Employees Retirement System now owns 120,985 shares of the company’s stock worth $179,000 after buying an additional 6,494 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of FTD Companies during the 2nd quarter worth about $236,000. AQR Capital Management LLC acquired a new stake in shares of FTD Companies during the 3rd quarter worth about $257,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of FTD Companies by 1,096.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 150,169 shares of the company’s stock worth $395,000 after buying an additional 137,616 shares during the last quarter. Hedge funds and other institutional investors own 47.25% of the company’s stock.

About FTD Companies

FTD Companies, Inc, together with its subsidiaries, operates as a floral and gifting company primarily in the United States, Canada, the United Kingdom, and the Republic of Ireland. It operates through four segments: Provide Commerce, Consumer, Florist, and International. The company offers floral, specialty foods, gift, and related products and services to consumers, retail florists, and other retail locations and companies.

Further Reading: NASDAQ

To view ValuEngine’s full report, visit ValuEngine’s official website.

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