TIAA CREF Investment Management LLC raised its holdings in FTD Companies, Inc. (NASDAQ:FTD) by 20.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 84,340 shares of the company’s stock after acquiring an additional 14,278 shares during the period. TIAA CREF Investment Management LLC owned about 0.31% of FTD Companies worth $1,687,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its position in FTD Companies by 1.0% in the first quarter. PNC Financial Services Group Inc. now owns 5,456 shares of the company’s stock valued at $109,000 after acquiring an additional 56 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in FTD Companies by 91.7% in the second quarter. BNP Paribas Arbitrage SA now owns 6,588 shares of the company’s stock valued at $132,000 after acquiring an additional 3,152 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in FTD Companies by 16.2% in the first quarter. Public Employees Retirement System of Ohio now owns 8,916 shares of the company’s stock valued at $180,000 after acquiring an additional 1,244 shares during the last quarter. Texas Permanent School Fund grew its position in FTD Companies by 1.6% in the second quarter. Texas Permanent School Fund now owns 12,619 shares of the company’s stock valued at $252,000 after acquiring an additional 202 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp bought a new position in FTD Companies in the second quarter valued at about $258,000. Hedge funds and other institutional investors own 59.10% of the company’s stock.

FTD Companies, Inc. (FTD) opened at $10.35 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.90 and a quick ratio of 0.73. The stock has a market cap of $291.15 million, a PE ratio of 8.07, a PEG ratio of 0.90 and a beta of 0.58.

COPYRIGHT VIOLATION WARNING: This news story was posted by Watch List News and is the property of of Watch List News. If you are accessing this news story on another publication, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The legal version of this news story can be accessed at https://www.watchlistnews.com/tiaa-cref-investment-management-llc-has-1-69-million-position-in-ftd-companies-inc-ftd/1677399.html.

A number of research analysts have issued reports on the company. BidaskClub cut FTD Companies from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. DA Davidson cut FTD Companies from a “buy” rating to a “neutral” rating and decreased their target price for the company from $23.00 to $17.00 in a research report on Wednesday, August 9th. Finally, Zacks Investment Research upgraded FTD Companies from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $19.00.

FTD Companies 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.

Want to see what other hedge funds are holding FTD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FTD Companies, Inc. (NASDAQ:FTD).

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

Receive News & Ratings for FTD Companies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FTD Companies Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.