Aperio Group LLC Sells 7,715 Shares of Lancaster Colony Corp. (LANC)
Aperio Group LLC decreased its holdings in Lancaster Colony Corp. (NASDAQ:LANC) by 10.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 63,634 shares of the company’s stock after selling 7,715 shares during the period. Aperio Group LLC’s holdings in Lancaster Colony were worth $8,222,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Lancaster Colony in the 3rd quarter valued at about $151,000. Advisory Services Network LLC raised its holdings in Lancaster Colony by 31.8% in the 2nd quarter. Advisory Services Network LLC now owns 1,325 shares of the company’s stock valued at $162,000 after acquiring an additional 320 shares during the last quarter. Vident Investment Advisory LLC acquired a new stake in Lancaster Colony in the 3rd quarter valued at about $210,000. Crossmark Global Holdings Inc. acquired a new stake in Lancaster Colony in the 3rd quarter valued at about $243,000. Finally, Cubist Systematic Strategies LLC raised its holdings in Lancaster Colony by 55.9% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 2,200 shares of the company’s stock valued at $270,000 after acquiring an additional 789 shares during the last quarter. Institutional investors own 51.31% of the company’s stock.
A number of analysts have commented on LANC shares. Zacks Investment Research upgraded shares of Lancaster Colony from a “sell” rating to a “hold” rating in a report on Wednesday, November 8th. BidaskClub upgraded shares of Lancaster Colony from a “sell” rating to a “hold” rating in a report on Saturday, December 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $153.00.
Lancaster Colony (NASDAQ:LANC) last released its quarterly earnings data on Thursday, January 25th. The company reported $1.14 EPS for the quarter, missing the Zacks’ consensus estimate of $1.32 by ($0.18). The business had revenue of $319.70 million during the quarter, compared to analyst estimates of $335.10 million. Lancaster Colony had a net margin of 9.84% and a return on equity of 19.65%. The firm’s revenue was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.42 EPS. research analysts expect that Lancaster Colony Corp. will post 4.62 earnings per share for the current year.
ILLEGAL ACTIVITY WARNING: This piece of content was originally posted by Watch List News and is owned by of Watch List News. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece of content can be viewed at https://www.watchlistnews.com/aperio-group-llc-sells-7715-shares-of-lancaster-colony-corp-lanc/1858725.html.
About Lancaster Colony
Lancaster Colony Corporation is a manufacturer and marketer of specialty food products for the retail and foodservice channels. The Company’s food products include Salad dressings and sauces, Vegetable dips and fruit dips, Frozen garlic breads, Frozen Parkerhouse style yeast rolls and dinner rolls, Premium dry egg noodles, Frozen specialty noodles, Croutons and salad toppings, Flatbread wraps and pizza crusts, and Caviar.
Want to see what other hedge funds are holding LANC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lancaster Colony Corp. (NASDAQ:LANC).
Receive News & Ratings for Lancaster Colony Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lancaster Colony and related companies with MarketBeat.com's FREE daily email newsletter.