Boston Partners lowered its holdings in Landec Co. (NASDAQ:LNDC) by 6.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 383,245 shares of the basic materials company’s stock after selling 25,140 shares during the quarter. Boston Partners owned 1.39% of Landec worth $4,829,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in LNDC. Dynamic Technology Lab Private Ltd acquired a new stake in Landec in the 3rd quarter valued at $141,000. Citigroup Inc. raised its position in Landec by 489.6% in the 2nd quarter. Citigroup Inc. now owns 9,840 shares of the basic materials company’s stock valued at $146,000 after purchasing an additional 8,171 shares during the last quarter. Citadel Advisors LLC bought a new stake in shares of Landec during the third quarter worth $188,000. Alliancebernstein L.P. bought a new stake in shares of Landec during the second quarter worth $241,000. Finally, Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Landec during the third quarter worth $241,000. 94.59% of the stock is currently owned by institutional investors.
A number of equities research analysts have recently weighed in on LNDC shares. Zacks Investment Research downgraded Landec from a “hold” rating to a “sell” rating in a research report on Saturday, December 23rd. BidaskClub raised Landec from a “strong sell” rating to a “sell” rating in a research note on Saturday, February 10th. Maxim Group reaffirmed a “buy” rating and set a $18.00 price objective on shares of Landec in a research note on Wednesday, November 29th. Finally, Sidoti assumed coverage on Landec in a research note on Wednesday, December 13th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. Landec has an average rating of “Hold” and a consensus target price of $15.33.
Landec (NASDAQ:LNDC) last released its quarterly earnings data on Wednesday, January 3rd. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01. The firm had revenue of $136.50 million for the quarter, compared to analyst estimates of $135.82 million. Landec had a return on equity of 3.75% and a net margin of 1.64%. The business’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.05 earnings per share. equities research analysts anticipate that Landec Co. will post 0.5 earnings per share for the current year.
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Landec Company Profile
Landec Corporation designs, develops, manufactures and sells a range of health and wellness products for food and biomaterials markets. The Company licenses technology applications to partners. The Company operates through three segments: Packaged Fresh Vegetables, Food Export and Biomaterials. The Packaged Fresh Vegetables segment markets and packs specialty packaged whole and fresh-cut fruit and vegetables, the majority of which incorporate the BreatheWay specialty packaging for the retail grocery, club store and food services industry.
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