Trexquant Investment LP bought a new stake in shares of Lancaster Colony Corporation (NASDAQ:LANC) during the second quarter, Holdings Channel reports. The institutional investor bought 3,700 shares of the company’s stock, valued at approximately $454,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cypress Wealth Advisors LLC increased its position in shares of Lancaster Colony Corporation by 3.4% in the first quarter. Cypress Wealth Advisors LLC now owns 1,622 shares of the company’s stock valued at $209,000 after buying an additional 54 shares during the last quarter. Credit Agricole S A increased its position in shares of Lancaster Colony Corporation by 4.5% in the first quarter. Credit Agricole S A now owns 1,522 shares of the company’s stock valued at $196,000 after buying an additional 66 shares during the last quarter. Great West Life Assurance Co. Can increased its position in shares of Lancaster Colony Corporation by 0.7% in the second quarter. Great West Life Assurance Co. Can now owns 11,416 shares of the company’s stock valued at $1,399,000 after buying an additional 76 shares during the last quarter. Capstone Asset Management Co. increased its position in shares of Lancaster Colony Corporation by 4.6% in the second quarter. Capstone Asset Management Co. now owns 1,832 shares of the company’s stock valued at $225,000 after buying an additional 80 shares during the last quarter. Finally, Bank of Montreal Can increased its position in shares of Lancaster Colony Corporation by 0.7% in the first quarter. Bank of Montreal Can now owns 12,642 shares of the company’s stock valued at $1,629,000 after buying an additional 82 shares during the last quarter. 49.20% of the stock is owned by hedge funds and other institutional investors.

Lancaster Colony Corporation (NASDAQ:LANC) opened at 125.17 on Tuesday. The stock has a market cap of $3.44 billion, a PE ratio of 29.25 and a beta of 1.02. Lancaster Colony Corporation has a 12-month low of $117.50 and a 12-month high of $149.30. The firm has a 50-day moving average price of $123.41 and a 200-day moving average price of $126.99.

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Several brokerages recently weighed in on LANC. BidaskClub raised shares of Lancaster Colony Corporation from a “strong sell” rating to a “sell” rating in a research note on Monday. Zacks Investment Research raised shares of Lancaster Colony Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Vertical Group raised shares of Lancaster Colony Corporation from a “hold” rating to a “buy” rating and upped their price objective for the company from $123.00 to $146.00 in a research note on Tuesday, May 30th. Vertical Research raised shares of Lancaster Colony Corporation from a “hold” rating to a “buy” rating in a research note on Friday, May 26th. Finally, Wedbush reissued an “outperform” rating and set a $160.00 target price on shares of Lancaster Colony Corporation in a research report on Monday, April 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. Lancaster Colony Corporation has a consensus rating of “Hold” and an average price target of $152.00.

About Lancaster Colony Corporation

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.

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Institutional Ownership by Quarter for Lancaster Colony Corporation (NASDAQ:LANC)

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