Nuance Investments adds Sanderson Farms (SAFM) to its portfolio

Sanderson Farms (SAFM) : Nuance Investments added new position in Sanderson Farms during the most recent quarter end. The investment management firm now holds 18,233 shares of Sanderson Farms which is valued at $1,597,575 , the company said in a statement filed on Aug 2, 2016 with the SEC.Sanderson Farms makes up approximately 0.17% of Nuance Investments’s portfolio.

Other Hedge Funds, Including , Dupont Capital Management Corp sold out all of its stake in SAFM during the most recent quarter. The investment firm sold 14,853 shares of SAFM which is valued $1,301,420. Trimtabs Asset Management sold out all of its stake in SAFM during the most recent quarter. The investment firm sold 24,831 shares of SAFM which is valued $2,175,692. Strs Ohio sold out all of its stake in SAFM during the most recent quarter. The investment firm sold 1,400 shares of SAFM which is valued $120,778.Parkwood reduced its stake in SAFM by selling 315 shares or 10.66% in the most recent quarter. The Hedge Fund company now holds 2,639 shares of SAFM which is valued at $234,581. Sanderson Farms makes up approx 0.04% of Parkwood’s portfolio.

Sanderson Farms opened for trading at $89.46 and hit $90.74 on the upside on Monday, eventually ending the session at $89.2, with a gain of 0.96% or 0.85 points. The heightened volatility saw the trading volume jump to 3,06,913 shares. Company has a market cap of $2,014 M.

On the company’s financial health, Sanderson Farms reported $2.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.58 according to the earnings call on May 26, 2016. Analyst had a consensus of $1.53. The company had revenue of $692.10 million for the quarter, compared to analysts expectations of $671.26 million. The company’s revenue was down -3.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $3.13 EPS.

Many Wall Street Analysts have commented on Sanderson Farms. Sanderson Farms was Downgraded by JP Morgan to ” Neutral” on May 27, 2016.

Sanderson Farms Inc. is a poultry processing company which is engaged in the production processing marketing and distribution of fresh and frozen chicken and other prepared chicken items. In addition the Company is engaged in the processing marketing and distribution of prepared chicken through its wholly owned subsidiary Sanderson Farms Inc. (Foods Division). It produces a range of processed chicken products and prepared chicken items. It sells ice pack chill pack bulk pack and frozen chicken in whole cut-up and boneless form under the Sanderson Farms brand name to retailers distributors and casual dining operators in the south-eastern south-western north-eastern and western United States and to customers who resell frozen chicken into export markets. During the fiscal year ended October 31 2013 (fiscal 2013) it processed 452 million chickens or over 3.0 billion dressed pounds.

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