California Public Employees Retirement System Has $1.39 Million Stake in Landec Co. (LNDC)

California Public Employees Retirement System increased its position in Landec Co. (NASDAQ:LNDC) by 20.7% in the second quarter, Holdings Channel reports. The institutional investor owned 93,557 shares of the basic materials company’s stock after acquiring an additional 16,037 shares during the period. California Public Employees Retirement System’s holdings in Landec were worth $1,394,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Renaissance Technologies LLC acquired a new position in shares of Landec in the second quarter valued at approximately $295,000. Bessemer Group Inc. raised its position in shares of Landec by 30.9% in the second quarter. Bessemer Group Inc. now owns 22,900 shares of the basic materials company’s stock valued at $341,000 after buying an additional 5,400 shares during the last quarter. First Trust Advisors LP raised its position in shares of Landec by 18.1% in the second quarter. First Trust Advisors LP now owns 31,236 shares of the basic materials company’s stock valued at $465,000 after buying an additional 4,789 shares during the last quarter. Martingale Asset Management L P raised its position in shares of Landec by 84.7% in the second quarter. Martingale Asset Management L P now owns 49,723 shares of the basic materials company’s stock valued at $741,000 after buying an additional 22,805 shares during the last quarter. Finally, Acuitas Investments LLC raised its position in shares of Landec by 226.8% in the second quarter. Acuitas Investments LLC now owns 104,196 shares of the basic materials company’s stock valued at $1,553,000 after buying an additional 72,315 shares during the last quarter. 90.28% of the stock is owned by institutional investors and hedge funds.

Shares of LNDC stock opened at $13.80 on Monday. Landec Co. has a one year low of $11.42 and a one year high of $15.60. The company has a quick ratio of 0.67, a current ratio of 1.02 and a debt-to-equity ratio of 0.16. The company has a market cap of $382.94 million, a P/E ratio of 38.33 and a beta of 0.65.

Landec (NASDAQ:LNDC) last issued its quarterly earnings results on Tuesday, October 2nd. The basic materials company reported $0.01 EPS for the quarter. Landec had a net margin of 4.15% and a return on equity of 3.95%. The firm had revenue of $124.70 million during the quarter, compared to analyst estimates of $123.94 million. During the same quarter in the prior year, the business posted $0.08 earnings per share. Landec’s revenue for the quarter was up 7.7% compared to the same quarter last year. Research analysts anticipate that Landec Co. will post 0.42 EPS for the current year.

LNDC has been the subject of a number of analyst reports. BidaskClub lowered shares of Landec from a “hold” rating to a “sell” rating in a research report on Thursday, July 19th. ValuEngine lowered shares of Landec from a “buy” rating to a “hold” rating in a research report on Wednesday, July 25th. Maxim Group reissued a “buy” rating and issued a $18.00 price objective on shares of Landec in a research report on Wednesday, August 1st. TheStreet lowered shares of Landec from a “b-” rating to a “c+” rating in a research report on Friday, September 7th. Finally, Roth Capital initiated coverage on shares of Landec in a research report on Tuesday, September 25th. They issued a “buy” rating and a $18.00 price objective for the company. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $18.00.

About Landec

Landec Corporation, together with its subsidiaries, designs, develops, manufactures, and sells differentiated health and wellness products for food and biomaterials markets. It operates through two segments, Packaged Fresh Vegetables and Biomaterials. The Packaged Fresh Vegetables segment markets and packs specialty packaged whole and fresh-cut fruits and vegetables utilizing the BreatheWay specialty packaging technology for the retail grocery, club store, and food service industries under the Eat Smart and GreenLine brands, as well as private label brands; and sells BreatheWay packaging technology to partners for fruit and vegetable products.

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Institutional Ownership by Quarter for Landec (NASDAQ:LNDC)

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