Royce & Associates LP Sells 3,611 Shares of Lancaster Colony Corp. (LANC)

Royce & Associates LP decreased its position in Lancaster Colony Corp. (NASDAQ:LANC) by 1.9% during the 4th quarter, Holdings Channel reports. The fund owned 185,967 shares of the company’s stock after selling 3,611 shares during the quarter. Royce & Associates LP’s holdings in Lancaster Colony were worth $24,029,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of LANC. Migdal Insurance & Financial Holdings Ltd. bought a new position in Lancaster Colony in the third quarter valued at about $151,000. Advisory Services Network LLC boosted its holdings in Lancaster Colony by 31.8% in the second quarter. Advisory Services Network LLC now owns 1,325 shares of the company’s stock valued at $162,000 after acquiring an additional 320 shares during the last quarter. Vident Investment Advisory LLC bought a new position in Lancaster Colony in the third quarter valued at about $210,000. Crossmark Global Holdings Inc. bought a new position in Lancaster Colony in the third quarter valued at about $243,000. Finally, Cubist Systematic Strategies LLC boosted its holdings in Lancaster Colony by 55.9% in the second quarter. Cubist Systematic Strategies LLC now owns 2,200 shares of the company’s stock valued at $270,000 after acquiring an additional 789 shares during the last quarter. Institutional investors and hedge funds own 51.25% of the company’s stock.

Lancaster Colony Corp. (LANC) opened at $120.13 on Wednesday. Lancaster Colony Corp. has a one year low of $113.33 and a one year high of $136.37. The firm has a market capitalization of $3,338.16, a PE ratio of 28.95 and a beta of 1.01.

Lancaster Colony (NASDAQ:LANC) last released its earnings results on Thursday, January 25th. The company reported $1.14 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.18). Lancaster Colony had a net margin of 9.84% and a return on equity of 19.65%. The company had revenue of $319.70 million during the quarter, compared to analyst estimates of $335.10 million. During the same period in the previous year, the company posted $1.42 EPS. The company’s quarterly revenue was down 2.2% compared to the same quarter last year. equities research analysts anticipate that Lancaster Colony Corp. will post 4.4 earnings per share for the current fiscal year.

Several equities analysts recently issued reports on the company. BidaskClub upgraded Lancaster Colony from a “sell” rating to a “hold” rating in a report on Saturday, December 2nd. Zacks Investment Research raised Lancaster Colony from a “sell” rating to a “hold” rating in a research note on Wednesday, January 10th. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $153.00.

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Lancaster Colony Profile

Lancaster Colony Corporation is a manufacturer and marketer of specialty food products for the retail and foodservice channels. The Company’s food products include Salad dressings and sauces, Vegetable dips and fruit dips, Frozen garlic breads, Frozen Parkerhouse style yeast rolls and dinner rolls, Premium dry egg noodles, Frozen specialty noodles, Croutons and salad toppings, Flatbread wraps and pizza crusts, and Caviar.

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

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