American International Group Inc. Has $7.94 Million Position in Lancaster Colony Corp. (LANC)

American International Group Inc. cut its position in Lancaster Colony Corp. (NASDAQ:LANC) by 2.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,664 shares of the company’s stock after selling 1,205 shares during the quarter. American International Group Inc.’s holdings in Lancaster Colony were worth $7,939,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in LANC. Truehand Inc bought a new position in shares of Lancaster Colony in the fourth quarter valued at $25,000. Captrust Financial Advisors grew its stake in shares of Lancaster Colony by 79.8% in the fourth quarter. Captrust Financial Advisors now owns 151 shares of the company’s stock valued at $27,000 after buying an additional 67 shares in the last quarter. First Hawaiian Bank boosted its position in Lancaster Colony by 200.0% during the fourth quarter. First Hawaiian Bank now owns 183 shares of the company’s stock worth $32,000 after purchasing an additional 122 shares during the period. Nisa Investment Advisors LLC boosted its position in Lancaster Colony by 111.1% during the first quarter. Nisa Investment Advisors LLC now owns 285 shares of the company’s stock worth $45,000 after purchasing an additional 150 shares during the period. Finally, Ellis Investment Partners LLC bought a new position in Lancaster Colony during the first quarter worth $52,000. 54.13% of the stock is owned by institutional investors and hedge funds.

LANC stock opened at $147.73 on Wednesday. Lancaster Colony Corp. has a one year low of $124.75 and a one year high of $194.38. The firm has a market cap of $4.09 billion, a price-to-earnings ratio of 28.71 and a beta of 0.27.

Lancaster Colony (NASDAQ:LANC) last released its quarterly earnings data on Thursday, April 25th. The company reported $1.11 EPS for the quarter, missing the Zacks’ consensus estimate of $1.21 by ($0.10). Lancaster Colony had a return on equity of 20.76% and a net margin of 11.60%. The company had revenue of $317.80 million for the quarter, compared to the consensus estimate of $325.01 million. During the same period last year, the firm earned $1.00 earnings per share. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year.

Separately, BidaskClub cut shares of Lancaster Colony from a “hold” rating to a “sell” rating in a research report on Wednesday, January 30th.

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Lancaster Colony Company Profile

Lancaster Colony Corporation manufactures and markets specialty food products for the retail and foodservice markets in the United States. The company operates through two segments, Retail and Foodservice. It offers frozen garlic breads under the New York BRAND Bakery brand; frozen Parkerhouse style yeast and dinner rolls under the Sister Schubert's brand name; salad dressings under the Marzetti, Simply Dressed, Simply 60, Cardini's, and Girard's brands; and vegetable dips and fruit dips under the Marzetti brand.

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

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