Panagora Asset Management Inc. increased its position in Sanderson Farms, Inc. (NASDAQ:SAFM) by 20,261.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,253 shares of the company’s stock after acquiring an additional 14,183 shares during the quarter. Panagora Asset Management Inc. owned about 0.06% of Sanderson Farms worth $1,473,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in SAFM. Walthausen & Co. LLC purchased a new stake in Sanderson Farms during the 3rd quarter valued at approximately $7,463,000. Nuance Investments LLC grew its holdings in Sanderson Farms by 37.0% during the 3rd quarter. Nuance Investments LLC now owns 1,070,399 shares of the company’s stock valued at $110,573,000 after buying an additional 288,873 shares in the last quarter. American International Group Inc. grew its holdings in Sanderson Farms by 1.2% during the 3rd quarter. American International Group Inc. now owns 54,039 shares of the company’s stock valued at $5,586,000 after buying an additional 663 shares in the last quarter. Polaris Capital Management LLC purchased a new stake in Sanderson Farms during the 3rd quarter valued at approximately $2,801,000. Finally, Third Avenue Management LLC grew its holdings in Sanderson Farms by 131.1% during the 3rd quarter. Third Avenue Management LLC now owns 35,607 shares of the company’s stock valued at $3,681,000 after buying an additional 20,200 shares in the last quarter. 98.15% of the stock is owned by institutional investors.

SAFM stock opened at $98.48 on Friday. Sanderson Farms, Inc. has a fifty-two week low of $95.97 and a fifty-two week high of $148.26. The firm has a market capitalization of $2.29 billion, a P/E ratio of 8.01 and a beta of 0.39.

SAFM has been the subject of a number of research analyst reports. BidaskClub raised shares of Sanderson Farms from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 6th. Jefferies Financial Group reissued a “sell” rating and issued a $77.00 target price on shares of Sanderson Farms in a report on Thursday, August 23rd. ValuEngine raised shares of Sanderson Farms from a “hold” rating to a “buy” rating in a report on Thursday, November 1st. Zacks Investment Research reissued a “hold” rating on shares of Sanderson Farms in a report on Thursday, November 15th. Finally, TheStreet lowered shares of Sanderson Farms from a “b” rating to a “c+” rating in a report on Wednesday, August 29th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $98.22.

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About Sanderson Farms

Sanderson Farms, Inc, an integrated poultry processing company, produces, processes, markets, and distributes fresh, frozen, and prepared chicken products in the United States. The company sells ice pack, chill pack, bulk pack, and frozen chicken in whole, cut-up, and boneless form primarily under the Sanderson Farms brand name to retailers, distributors, and casual dining operators in the southeastern, southwestern, northeastern, and western United States, as well as to customers who resell frozen chicken in the export markets.

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Institutional Ownership by Quarter for Sanderson Farms (NASDAQ:SAFM)

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