Bamco Inc Ny Lowers stake in Middleby Corp (MIDD)

Middleby Corp (MIDD) : Bamco Inc Ny reduced its stake in Middleby Corp by 16.26% during the most recent quarter end. The investment management company now holds a total of 3,277,874 shares of Middleby Corp which is valued at $427,926,451 after selling 636,526 shares in Middleby Corp , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Middleby Corp makes up approximately 2.08% of Bamco Inc Ny’s portfolio.

Other Hedge Funds, Including , First Republic Investment Management reduced its stake in MIDD by selling 39,000 shares or 17.55% in the most recent quarter. The Hedge Fund company now holds 183,169 shares of MIDD which is valued at $23,912,713. Middleby Corp makes up approx 0.22% of First Republic Investment Management’s portfolio.Df Dent Co Inc boosted its stake in MIDD in the latest quarter, The investment management firm added 954 additional shares and now holds a total of 13,226 shares of Middleby Corp which is valued at $1,726,654. Middleby Corp makes up approx 0.05% of Df Dent Co Inc’s portfolio. Visium Asset Management Lp added MIDD to its portfolio by purchasing 20,467 company shares during the most recent quarter which is valued at $2,671,967. Middleby Corp makes up approx 0.26% of Visium Asset Management Lp’s portfolio.American Century Companies Inc reduced its stake in MIDD by selling 184,181 shares or 9.45% in the most recent quarter. The Hedge Fund company now holds 1,764,052 shares of MIDD which is valued at $207,064,424. Middleby Corp makes up approx 0.23% of American Century Companies Inc’s portfolio.Msi Financial Services Inc boosted its stake in MIDD in the latest quarter, The investment management firm added 525 additional shares and now holds a total of 621 shares of Middleby Corp which is valued at $72,893.

Middleby Corp closed down -0.23 points or -0.18% at $127.92 with 2,33,265 shares getting traded on Thursday. Post opening the session at $128.65, the shares hit an intraday low of $126.51 and an intraday high of $128.96 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Middleby Corp reported $1.04 EPS for the quarter, based on the information available during the earnings call on Nov 10, 2015. Analyst had a consensus estimate of $1.04. The company had revenue of $449.00 million for the quarter, compared to analysts expectations of $446.45 million. The company’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.05 EPS.

The Middleby Corporation is engaged in the design manufacture and sale of commercial foodservice food processing equipment and residential kitchen equipment. The Company operates in three segments: the Commercial Foodservice Equipment Group has a portfolio of cooking and warming equipment; the Food Processing Equipment Group offers a portfolio of processing solutions for customers producing pre-cooked meat products and the Residential Kitchen Equipment Group manufactures sells and distributes kitchen equipment for the residential market. The equipment are used in all types of commercial restaurants and institutional kitchens; food preparation cooking baking chilling and packaging equipment for food processing operations and kitchen equipment including ranges ovens refrigerators ventilation and dishwashers used in the residential market. Its brands include Anets Beech Blodgett Britannia CTX Cozzini Danfotech Drake Brigade Jade and TurboChef among others.

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