BidaskClub upgraded shares of Landec (NASDAQ:LNDC) from a sell rating to a hold rating in a report issued on Wednesday morning.
A number of other equities analysts also recently issued reports on LNDC. Zacks Investment Research upgraded Landec from a sell rating to a hold rating in a research note on Saturday, November 3rd. Maxim Group reiterated a buy rating and set a $17.00 price target (down previously from $20.00) on shares of Landec in a research note on Thursday, January 3rd. Finally, ValuEngine downgraded Landec from a buy rating to a hold rating in a research note on Saturday, January 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $17.50.
LNDC stock opened at $12.65 on Wednesday. The stock has a market cap of $368.42 million, a price-to-earnings ratio of 30.85 and a beta of 0.90. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.95 and a quick ratio of 0.63. Landec has a 52-week low of $10.17 and a 52-week high of $15.60.
In other Landec news, CFO Gregory S. Skinner bought 25,000 shares of the business’s stock in a transaction dated Tuesday, January 8th. The shares were purchased at an average price of $11.25 per share, for a total transaction of $281,250.00. Following the purchase, the chief financial officer now directly owns 288,036 shares of the company’s stock, valued at $3,240,405. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Steven D. Goldby bought 20,000 shares of the business’s stock in a transaction dated Tuesday, January 8th. The stock was acquired at an average price of $11.24 per share, for a total transaction of $224,800.00. Following the purchase, the director now directly owns 66,490 shares in the company, valued at $747,347.60. The disclosure for this purchase can be found here. Insiders bought a total of 78,900 shares of company stock worth $921,228 in the last 90 days. Company insiders own 15.04% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Citigroup Inc. boosted its stake in shares of Landec by 16.7% in the 4th quarter. Citigroup Inc. now owns 8,726 shares of the basic materials company’s stock worth $103,000 after buying an additional 1,246 shares during the last quarter. Legal & General Group Plc lifted its stake in Landec by 36.1% in the fourth quarter. Legal & General Group Plc now owns 5,283 shares of the basic materials company’s stock valued at $62,000 after purchasing an additional 1,401 shares during the last quarter. Ancora Advisors LLC lifted its stake in Landec by 1.4% in the fourth quarter. Ancora Advisors LLC now owns 109,688 shares of the basic materials company’s stock valued at $1,299,000 after purchasing an additional 1,495 shares during the last quarter. First Interstate Bank lifted its stake in Landec by 10.9% in the fourth quarter. First Interstate Bank now owns 17,845 shares of the basic materials company’s stock valued at $211,000 after purchasing an additional 1,750 shares during the last quarter. Finally, Algert Global LLC lifted its stake in Landec by 2.3% in the third quarter. Algert Global LLC now owns 178,468 shares of the basic materials company’s stock valued at $2,570,000 after purchasing an additional 4,088 shares during the last quarter. Hedge funds and other institutional investors own 88.84% of the company’s stock.
Landec Corporation, together with its subsidiaries, designs, develops, manufactures, and sells differentiated health and wellness products for food and biomaterials markets. It operates through two segments, Packaged Fresh Vegetables and Biomaterials. The Packaged Fresh Vegetables segment markets and packs specialty packaged whole and fresh-cut fruits and vegetables utilizing the BreatheWay specialty packaging technology for the retail grocery, club store, and food service industries under the Eat Smart and GreenLine brands, as well as private label brands; and sells BreatheWay packaging technology to partners for fruit and vegetable products.
See Also: Return on Investment (ROI)
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