Schwab Charles Investment Management Inc. raised its position in Landec Corporation (NASDAQ:LNDC) by 5.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 106,220 shares of the basic materials company’s stock after buying an additional 5,301 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.39% of Landec Corporation worth $1,275,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. First Interstate Bank boosted its position in Landec Corporation by 18.7% in the first quarter. First Interstate Bank now owns 15,460 shares of the basic materials company’s stock worth $186,000 after buying an additional 2,435 shares in the last quarter. American International Group Inc. boosted its position in Landec Corporation by 7.2% in the first quarter. American International Group Inc. now owns 16,486 shares of the basic materials company’s stock worth $198,000 after buying an additional 1,102 shares in the last quarter. Palouse Capital Management Inc. boosted its position in Landec Corporation by 31.6% in the first quarter. Palouse Capital Management Inc. now owns 18,718 shares of the basic materials company’s stock worth $225,000 after buying an additional 4,495 shares in the last quarter. Renaissance Technologies LLC acquired a new position in Landec Corporation during the fourth quarter worth $388,000. Finally, Cutter & CO Brokerage Inc. boosted its position in Landec Corporation by 12.5% in the first quarter. Cutter & CO Brokerage Inc. now owns 32,400 shares of the basic materials company’s stock worth $389,000 after buying an additional 3,600 shares in the last quarter. Institutional investors and hedge funds own 92.07% of the company’s stock.

Landec Corporation (LNDC) traded down 2.29% during trading on Tuesday, reaching $12.80. The company had a trading volume of 8,273 shares. The firm’s 50 day moving average is $13.38 and its 200-day moving average is $13.42. The company has a market capitalization of $352.08 million, a P/E ratio of 33.68 and a beta of 1.40. Landec Corporation has a 12 month low of $11.20 and a 12 month high of $15.50.

Landec Corporation (NASDAQ:LNDC) last posted its earnings results on Tuesday, July 25th. The basic materials company reported $0.09 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.09. The firm had revenue of $127.40 million for the quarter, compared to the consensus estimate of $135.46 million. Landec Corporation had a net margin of 1.99% and a return on equity of 4.77%. The business’s quarterly revenue was down 5.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.17 earnings per share. On average, equities analysts expect that Landec Corporation will post $0.55 earnings per share for the current year.

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A number of equities analysts have recently weighed in on the company. BidaskClub upgraded Landec Corporation from a “sell” rating to a “hold” rating in a report on Monday, August 14th. Wedbush reiterated a “hold” rating on shares of Landec Corporation in a report on Wednesday, July 26th. Zacks Investment Research cut Landec Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. Finally, TheStreet lowered Landec Corporation from a “b” rating to a “c+” rating in a research note on Monday, July 31st. One analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. Landec Corporation currently has a consensus rating of “Hold” and a consensus price target of $14.50.

Landec Corporation Company Profile

Landec Corporation designs, develops, manufactures and sells a range of health and wellness products for food and biomaterials markets. The Company licenses technology applications to partners. The Company operates through three segments: Packaged Fresh Vegetables, Food Export and Biomaterials. The Packaged Fresh Vegetables segment markets and packs specialty packaged whole and fresh-cut fruit and vegetables, the majority of which incorporate the BreatheWay specialty packaging for the retail grocery, club store and food services industry.

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Institutional Ownership by Quarter for Landec Corporation (NASDAQ:LNDC)

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