Chartwell Investment Partners LLC Has $3.28 Million Holdings in Landec Co. (LNDC)

Chartwell Investment Partners LLC boosted its holdings in shares of Landec Co. (NASDAQ:LNDC) by 39.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 260,113 shares of the basic materials company’s stock after purchasing an additional 73,823 shares during the quarter. Chartwell Investment Partners LLC’s holdings in Landec were worth $3,277,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Wells Fargo & Company MN lifted its stake in Landec by 8.5% during the fourth quarter. Wells Fargo & Company MN now owns 259,955 shares of the basic materials company’s stock worth $3,275,000 after purchasing an additional 20,404 shares during the period. Rice Hall James & Associates LLC bought a new position in shares of Landec in the fourth quarter valued at approximately $2,025,000. Schwab Charles Investment Management Inc. raised its stake in shares of Landec by 4.6% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 117,389 shares of the basic materials company’s stock valued at $1,480,000 after acquiring an additional 5,148 shares during the last quarter. Thomson Horstmann & Bryant Inc. raised its stake in shares of Landec by 1.2% in the fourth quarter. Thomson Horstmann & Bryant Inc. now owns 741,188 shares of the basic materials company’s stock valued at $9,338,000 after acquiring an additional 9,079 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Landec in the third quarter valued at approximately $241,000. Hedge funds and other institutional investors own 94.59% of the company’s stock.

Landec Co. (NASDAQ:LNDC) opened at $13.90 on Tuesday. Landec Co. has a one year low of $11.20 and a one year high of $14.95. The company has a quick ratio of 0.93, a current ratio of 1.37 and a debt-to-equity ratio of 0.19. The stock has a market cap of $382.72, a P/E ratio of 43.44 and a beta of 1.04.

Landec (NASDAQ:LNDC) last posted its earnings results on Wednesday, January 3rd. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. Landec had a net margin of 1.64% and a return on equity of 3.75%. The company had revenue of $136.50 million during the quarter, compared to analysts’ expectations of $135.82 million. During the same quarter in the previous year, the company posted $0.05 earnings per share. Landec’s quarterly revenue was up .4% compared to the same quarter last year. sell-side analysts forecast that Landec Co. will post 0.5 EPS for the current fiscal year.

A number of research firms have recently issued reports on LNDC. Maxim Group reiterated a “buy” rating and issued a $18.00 target price on shares of Landec in a research note on Wednesday, November 29th. Sidoti began coverage on shares of Landec in a research note on Wednesday, December 13th. They issued a “buy” rating for the company. BidaskClub upgraded shares of Landec from a “strong sell” rating to a “sell” rating in a research note on Saturday, February 10th. Finally, Zacks Investment Research upgraded shares of Landec from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $15.33.

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Landec Company Profile

Landec Corporation designs, develops, manufactures and sells a range of health and wellness products for food and biomaterials markets. The Company licenses technology applications to partners. The Company 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 fruit and vegetables, the majority of which incorporate the BreatheWay specialty packaging for the retail grocery, club store and food services industry.

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Institutional Ownership by Quarter for Landec (NASDAQ:LNDC)

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