Cornerstone Capital Management Holdings LLC. Acquires 32,700 Shares of FTD Companies Inc (NASDAQ:FTD)

Cornerstone Capital Management Holdings LLC. boosted its holdings in shares of FTD Companies Inc (NASDAQ:FTD) by 55.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 91,600 shares of the company’s stock after buying an additional 32,700 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned approximately 0.33% of FTD Companies worth $1,193,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in FTD. PNC Financial Services Group Inc. boosted its position in shares of FTD Companies by 0.8% in the second quarter. PNC Financial Services Group Inc. now owns 5,498 shares of the company’s stock worth $110,000 after purchasing an additional 42 shares during the period. Texas Permanent School Fund boosted its position in shares of FTD Companies by 1.6% in the second quarter. Texas Permanent School Fund now owns 12,619 shares of the company’s stock worth $252,000 after purchasing an additional 202 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of FTD Companies by 1.7% in the second quarter. The Manufacturers Life Insurance Company now owns 13,509 shares of the company’s stock worth $270,000 after purchasing an additional 223 shares during the period. Wells Fargo & Company MN boosted its position in shares of FTD Companies by 2.1% in the second quarter. Wells Fargo & Company MN now owns 13,014 shares of the company’s stock worth $260,000 after purchasing an additional 268 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of FTD Companies by 2.1% in the second quarter. JPMorgan Chase & Co. now owns 14,281 shares of the company’s stock worth $286,000 after purchasing an additional 300 shares during the period. Institutional investors own 58.89% of the company’s stock.

A number of equities analysts recently weighed in on the stock. ValuEngine lowered shares of FTD Companies from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Craig Hallum dropped their target price on shares of FTD Companies from $18.00 to $10.00 and set a “hold” rating for the company in a research report on Thursday, November 9th. Zacks Investment Research upgraded shares of FTD Companies from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 10th. Finally, DA Davidson dropped their target price on shares of FTD Companies from $17.00 to $8.00 and set a “neutral” rating for the company in a research report on Wednesday, November 15th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. FTD Companies presently has an average rating of “Hold” and an average target price of $13.00.

FTD Companies Inc (FTD) traded up $0.21 during trading on Monday, reaching $8.60. 211,300 shares of the company were exchanged, compared to its average volume of 190,356. The stock has a market capitalization of $236.90, a P/E ratio of -1.63, a price-to-earnings-growth ratio of 0.70 and a beta of 0.37. The company has a current ratio of 0.76, a quick ratio of 0.51 and a debt-to-equity ratio of 0.60. FTD Companies Inc has a 52 week low of $6.47 and a 52 week high of $24.85.

FTD Companies (NASDAQ:FTD) last released its quarterly earnings results on Wednesday, November 8th. The company reported ($0.37) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.25). FTD Companies had a negative net margin of 13.26% and a positive return on equity of 5.37%. sell-side analysts anticipate that FTD Companies Inc will post 0.49 EPS for the current year.

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FTD Companies Profile

FTD Companies, Inc (FTD) is a floral and gifting company. The Company operates through four segments: Consumer, Florist, International and Provide Commerce. Through its Consumer segment, FTD is a direct marketer of floral and gift products for consumers, primarily in the United States and Canada. Through its Florist segment, the Company is a provider of products and services to its floral network members, which include traditional retail florists and other non-florist retail locations, primarily in the United States and Canada.

Institutional Ownership by Quarter for FTD Companies (NASDAQ:FTD)

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