32,169 Shares in Landec Co. (LNDC) Purchased by Stone Ridge Asset Management LLC

Stone Ridge Asset Management LLC bought a new stake in Landec Co. (NASDAQ:LNDC) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 32,169 shares of the basic materials company’s stock, valued at approximately $405,000. Stone Ridge Asset Management LLC owned about 0.12% of Landec as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. NWQ Investment Management Company LLC grew its holdings in shares of Landec by 1.4% during the third quarter. NWQ Investment Management Company LLC now owns 3,779,223 shares of the basic materials company’s stock worth $48,941,000 after purchasing an additional 53,050 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Landec by 0.6% during the third quarter. Dimensional Fund Advisors LP now owns 2,310,744 shares of the basic materials company’s stock worth $29,924,000 after purchasing an additional 13,077 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Landec by 1.0% during the fourth quarter. BlackRock Inc. now owns 1,872,983 shares of the basic materials company’s stock worth $23,600,000 after purchasing an additional 18,293 shares during the last quarter. Walthausen & Co. LLC grew its holdings in shares of Landec by 327.0% during the third quarter. Walthausen & Co. LLC now owns 832,715 shares of the basic materials company’s stock worth $10,784,000 after purchasing an additional 637,711 shares during the last quarter. Finally, Thomson Horstmann & Bryant Inc. grew its holdings in shares of Landec by 1.2% during the fourth quarter. Thomson Horstmann & Bryant Inc. now owns 741,188 shares of the basic materials company’s stock worth $9,338,000 after purchasing an additional 9,079 shares during the last quarter. Hedge funds and other institutional investors own 93.95% of the company’s stock.

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NASDAQ:LNDC opened at $13.05 on Friday. The stock has a market cap of $358.96, a PE ratio of 40.78 and a beta of 1.01. The company has a current ratio of 1.37, a quick ratio of 0.93 and a debt-to-equity ratio of 0.19. Landec Co. has a 1-year low of $11.40 and a 1-year high of $14.95.

Landec (NASDAQ:LNDC) last released its quarterly earnings results on Wednesday, January 3rd. The basic materials company reported $0.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.01. The company had revenue of $136.50 million for the quarter, compared to analysts’ expectations of $135.82 million. Landec had a return on equity of 3.75% and a net margin of 1.64%. The business’s quarterly revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.05 earnings per share. sell-side analysts anticipate that Landec Co. will post 0.41 earnings per share for the current year.

Several analysts have recently weighed in on LNDC shares. BidaskClub upgraded Landec from a “sell” rating to a “hold” rating in a report on Wednesday, March 14th. Zacks Investment Research upgraded Landec from a “sell” rating to a “hold” rating in a report on Thursday, March 8th. Finally, Sidoti started coverage on Landec in a report on Wednesday, December 13th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $15.33.

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About Landec

Landec Corporation, together with its subsidiaries, designs, develops, manufactures, and sells differentiated health and wellness products for food and biomaterials markets. It operates through three segments: Packaged Fresh Vegetables, Food Export, and Biomaterials. The Packaged Fresh Vegetables segment markets and packs specialty packaged whole and fresh-cut fruits and vegetables utilizing the BreatheWay specialty packaging technology for the retail grocery, club store, and food service industries under the Eat Smart and GreenLine brands, as well as private label brands; and sells BreatheWay packaging technology to partners for fruit and vegetable products.

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Institutional Ownership by Quarter for Landec (NASDAQ:LNDC)

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