41,574 Shares in FTD Companies, Inc. (FTD) Acquired by SECOR Capital Advisors LP
SECOR Capital Advisors LP purchased a new stake in shares of FTD Companies, Inc. (NASDAQ:FTD) during the third quarter, Holdings Channel reports. The firm purchased 41,574 shares of the company’s stock, valued at approximately $855,000. SECOR Capital Advisors LP owned about 0.15% of FTD Companies at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in the stock. GMT Capital Corp raised its stake in FTD Companies by 141.7% in the third quarter. GMT Capital Corp now owns 1,615,338 shares of the company’s stock valued at $33,228,000 after buying an additional 947,138 shares in the last quarter. Prudential Financial Inc. increased its position in FTD Companies by 28.6% in the third quarter. Prudential Financial Inc. now owns 222,182 shares of the company’s stock valued at $4,571,000 after buying an additional 49,350 shares during the last quarter. Olstein Capital Management L.P. increased its position in FTD Companies by 31.2% in the third quarter. Olstein Capital Management L.P. now owns 120,579 shares of the company’s stock valued at $2,480,000 after buying an additional 28,679 shares during the last quarter. Victory Capital Management Inc. acquired a new position in FTD Companies during the third quarter valued at $11,927,000. Finally, Northpointe Capital LLC increased its position in FTD Companies by 12.9% in the second quarter. Northpointe Capital LLC now owns 325,826 shares of the company’s stock valued at $8,133,000 after buying an additional 37,294 shares during the last quarter. 61.01% of the stock is owned by hedge funds and other institutional investors.
FTD Companies, Inc. (NASDAQ:FTD) traded up 0.52% on Friday, hitting $23.27. The stock had a trading volume of 70,278 shares. FTD Companies, Inc. has a 12 month low of $16.86 and a 12 month high of $28.69. The company’s market cap is $633.43 million. The company has a 50-day moving average of $23.96 and a 200 day moving average of $23.20.
FTD Companies (NASDAQ:FTD) last posted its quarterly earnings data on Monday, November 7th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by $0.42. FTD Companies had a positive return on equity of 8.84% and a negative net margin of 6.84%. The business had revenue of $173.20 million for the quarter, compared to analyst estimates of $178.90 million. During the same quarter last year, the business earned ($0.57) EPS. FTD Companies’s revenue for the quarter was down 8.1% compared to the same quarter last year. On average, analysts predict that FTD Companies, Inc. will post $2.07 EPS for the current fiscal year.
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FTD has been the subject of several recent analyst reports. B. Riley downgraded FTD Companies from a “buy” rating to a “neutral” rating and set a $24.00 price target for the company. in a research note on Friday, September 16th. Zacks Investment Research upgraded FTD Companies from a “sell” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Wednesday, November 16th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. FTD Companies currently has an average rating of “Hold” and a consensus price target of $40.92.
FTD Companies Company Profile
FTD Companies, Inc (FTD) is a floral and gifting company. The Company operates through four segments: Consumer, Florist, International and Provide Commerce. Through its Consumer segment, FTD is a direct marketer of floral and gift products for consumers, primarily in the United States and Canada. Through its Florist segment, it is a provider of products and services to its floral network members, which include traditional retail florists and other non-florist retail locations.
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