Walleye Capital LLC Has $1.04 Million Stock Holdings in Sanderson Farms, Inc. (NASDAQ:SAFM)

Walleye Capital LLC lessened its stake in shares of Sanderson Farms, Inc. (NASDAQ:SAFMGet Rating) by 48.4% during the 1st quarter, HoldingsChannel reports. The firm owned 5,560 shares of the company’s stock after selling 5,217 shares during the quarter. Walleye Capital LLC’s holdings in Sanderson Farms were worth $1,042,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SAFM. BlackRock Inc. grew its stake in shares of Sanderson Farms by 11.8% in the first quarter. BlackRock Inc. now owns 2,528,104 shares of the company’s stock worth $473,995,000 after acquiring an additional 266,766 shares during the last quarter. Sand Grove Capital Management LLP grew its stake in shares of Sanderson Farms by 65.3% in the fourth quarter. Sand Grove Capital Management LLP now owns 456,134 shares of the company’s stock worth $87,158,000 after acquiring an additional 180,248 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Sanderson Farms by 43.1% in the first quarter. Renaissance Technologies LLC now owns 536,618 shares of the company’s stock worth $100,611,000 after acquiring an additional 161,600 shares during the last quarter. Marshall Wace LLP grew its stake in shares of Sanderson Farms by 223.1% in the fourth quarter. Marshall Wace LLP now owns 153,607 shares of the company’s stock worth $29,353,000 after acquiring an additional 106,062 shares during the last quarter. Finally, Woodline Partners LP acquired a new stake in shares of Sanderson Farms in the fourth quarter worth $17,454,000. Institutional investors and hedge funds own 79.59% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. StockNews.com assumed coverage on shares of Sanderson Farms in a research note on Wednesday, September 14th. They issued a “strong-buy” rating on the stock. Consumer Edge cut Sanderson Farms from an “overweight” rating to an “equal weight” rating in a research report on Thursday, June 16th.

Sanderson Farms Price Performance

Shares of SAFM stock opened at $204.00 on Monday. The stock has a market cap of $4.55 billion, a P/E ratio of 5.28 and a beta of 0.56. Sanderson Farms, Inc. has a one year low of $175.82 and a one year high of $221.63. The stock has a fifty day moving average price of $205.20 and a 200 day moving average price of $197.69.

About Sanderson Farms

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Sanderson Farms, Inc, an integrated poultry processing company, produces, processes, markets, and distributes fresh, frozen, and prepared chicken products in the United States. The company sells ice-packed, chill-packed, bulk-packed, and frozen chicken primarily under the Sanderson Farms brand name to retailers, distributors, and casual dining operators in the southeastern, southwestern, northeastern, and western United States, as well as to customers who resell frozen chicken into export markets.

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Institutional Ownership by Quarter for Sanderson Farms (NASDAQ:SAFM)

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