Panagora Asset Management Inc. Has $1.47 Million Position in Sanderson Farms, Inc. (SAFM)
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.
ILLEGAL ACTIVITY NOTICE: This piece was first reported by Watch List News and is the property of of Watch List News. If you are viewing this piece on another publication, it was stolen and reposted in violation of U.S. and international copyright legislation. The correct version of this piece can be viewed at https://www.watchlistnews.com/panagora-asset-management-inc-has-1-47-million-position-in-sanderson-farms-inc-safm/2689656.html.
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.
Featured Story: Balance Sheet
Receive News & Ratings for Sanderson Farms Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sanderson Farms and related companies with MarketBeat.com's FREE daily email newsletter.