Millennium Management LLC Buys Shares of 321,460 FTD Companies Inc (FTD)

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Millennium Management LLC bought a new stake in shares of FTD Companies Inc (NASDAQ:FTD) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 321,460 shares of the company’s stock, valued at approximately $1,492,000.

Several other institutional investors have also modified their holdings of FTD. BlackRock Inc. raised its position in shares of FTD Companies by 1.3% during the 1st quarter. BlackRock Inc. now owns 2,319,391 shares of the company’s stock valued at $8,443,000 after acquiring an additional 30,501 shares during the last quarter. California Public Employees Retirement System raised its position in shares of FTD Companies by 13.1% during the 1st quarter. California Public Employees Retirement System now owns 123,201 shares of the company’s stock valued at $448,000 after acquiring an additional 14,235 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of FTD Companies by 3.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,209,393 shares of the company’s stock valued at $8,042,000 after acquiring an additional 70,766 shares during the last quarter. A.R.T. Advisors LLC raised its position in shares of FTD Companies by 86.1% during the 1st quarter. A.R.T. Advisors LLC now owns 44,078 shares of the company’s stock valued at $160,000 after acquiring an additional 20,390 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new stake in shares of FTD Companies during the 2nd quarter valued at $248,000. Institutional investors own 53.60% of the company’s stock.

FTD opened at $2.09 on Wednesday. FTD Companies Inc has a 12 month low of $2.05 and a 12 month high of $11.00.

FTD Companies (NASDAQ:FTD) last released its quarterly earnings data on Wednesday, August 8th. The company reported ($0.31) EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.49). FTD Companies had a negative net margin of 33.52% and a negative return on equity of 9.48%. The firm had revenue of $299.92 million during the quarter, compared to the consensus estimate of $299.40 million. Research analysts expect that FTD Companies Inc will post 0.03 EPS for the current fiscal year.

Several brokerages have commented on FTD. Zacks Investment Research cut shares of FTD Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, July 25th. ValuEngine cut shares of FTD Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, July 25th. Finally, DA Davidson dropped their target price on shares of FTD Companies to $3.50 and set a “neutral” rating for the company in a research report on Friday, July 20th.

FTD Companies Profile

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.

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

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