FTD Companies, Inc. (FTD) Shares Sold by Olstein Capital Management L.P.
Olstein Capital Management L.P. reduced its stake in shares of FTD Companies, Inc. (NASDAQ:FTD) by 12.0% during the second quarter, Holdings Channel reports. The firm owned 143,950 shares of the company’s stock after selling 19,550 shares during the period. Olstein Capital Management L.P.’s holdings in FTD Companies were worth $2,879,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. raised its stake in shares of FTD Companies by 2.0% in the first quarter. JPMorgan Chase & Co. now owns 13,981 shares of the company’s stock valued at $282,000 after buying an additional 275 shares during the period. Seizert Capital Partners LLC bought a new stake in shares of FTD Companies during the first quarter valued at about $380,000. Penserra Capital Management LLC raised its stake in shares of FTD Companies by 77.6% in the first quarter. Penserra Capital Management LLC now owns 15,121 shares of the company’s stock valued at $304,000 after buying an additional 6,607 shares during the period. Alambic Investment Management L.P. bought a new stake in shares of FTD Companies during the first quarter valued at about $279,000. Finally, Trexquant Investment LP bought a new stake in shares of FTD Companies during the first quarter valued at about $249,000. Hedge funds and other institutional investors own 59.16% of the company’s stock.
Shares of FTD Companies, Inc. (NASDAQ FTD) opened at 13.12 on Wednesday. FTD Companies, Inc. has a 1-year low of $12.98 and a 1-year high of $26.19. The company’s 50 day moving average is $18.83 and its 200-day moving average is $20.18. The stock’s market capitalization is $361.38 million.
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A number of brokerages have issued reports on FTD. BidaskClub lowered shares of FTD Companies from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. DA Davidson began coverage on shares of FTD Companies in a research note on Wednesday, June 14th. They set a “buy” rating and a $23.00 price target on the stock. ValuEngine lowered shares of FTD Companies from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research lowered shares of FTD Companies from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $20.67.
FTD Companies Company 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.
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