Clark Estates Inc. NY Takes Position in FTD Companies, Inc. (FTD)
Clark Estates Inc. NY bought a new stake in FTD Companies, Inc. (NASDAQ:FTD) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 103,200 shares of the company’s stock, valued at approximately $2,064,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of FTD. PNC Financial Services Group Inc. increased its position in shares of FTD Companies by 1.0% in the first quarter. PNC Financial Services Group Inc. now owns 5,456 shares of the company’s stock valued at $109,000 after buying an additional 56 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in FTD Companies by 16.2% in the first quarter. Public Employees Retirement System of Ohio now owns 8,916 shares of the company’s stock valued at $180,000 after buying an additional 1,244 shares during the period. Thrivent Financial for Lutherans bought a new stake in FTD Companies during the fourth quarter valued at $220,000. Trexquant Investment LP bought a new stake in FTD Companies during the first quarter valued at $249,000. Finally, Texas Permanent School Fund boosted its stake in FTD Companies by 1.6% in the second quarter. Texas Permanent School Fund now owns 12,619 shares of the company’s stock valued at $252,000 after buying an additional 202 shares during the period. 59.58% of the stock is currently owned by institutional investors.
Shares of FTD Companies, Inc. (FTD) opened at 13.85 on Friday. The company has a 50-day moving average of $19.17 and a 200 day moving average of $20.35. FTD Companies, Inc. has a 12-month low of $13.58 and a 12-month high of $26.19. The company’s market cap is $380.20 million.
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FTD has been the topic of several recent analyst reports. DA Davidson initiated coverage on shares of FTD Companies in a report on Wednesday, June 14th. They issued a “buy” rating and a $23.00 price target on the stock. ValuEngine cut shares of FTD Companies from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, BidaskClub cut shares of FTD Companies from a “sell” rating to a “strong sell” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. FTD Companies currently has a consensus rating of “Hold” and a consensus price target of $20.67.
About FTD Companies
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, the Company is a provider of products and services to its floral network members, which include traditional retail florists and other non-florist retail locations, primarily in the United States and Canada.
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