Renaissance Technologies LLC purchased a new stake in Landec Co. (NASDAQ:LNDC) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 19,800 shares of the basic materials company’s stock, valued at approximately $295,000.

Several other large investors have also recently made changes to their positions in the business. Chartwell Investment Partners LLC increased its stake in shares of Landec by 4.0% in the second quarter. Chartwell Investment Partners LLC now owns 106,389 shares of the basic materials company’s stock valued at $1,585,000 after purchasing an additional 4,066 shares during the period. First Trust Advisors LP increased its stake in shares of Landec by 18.1% during the second quarter. First Trust Advisors LP now owns 31,236 shares of the basic materials company’s stock valued at $465,000 after acquiring an additional 4,789 shares during the period. Bessemer Group Inc. increased its stake in shares of Landec by 30.9% during the second quarter. Bessemer Group Inc. now owns 22,900 shares of the basic materials company’s stock valued at $341,000 after acquiring an additional 5,400 shares during the period. California Public Employees Retirement System increased its stake in shares of Landec by 15.0% during the first quarter. California Public Employees Retirement System now owns 77,520 shares of the basic materials company’s stock valued at $1,012,000 after acquiring an additional 10,120 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Landec by 18.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 143,725 shares of the basic materials company’s stock valued at $2,142,000 after acquiring an additional 22,475 shares during the period. Institutional investors own 89.51% of the company’s stock.

NASDAQ LNDC opened at $14.31 on Friday. Landec Co. has a 12 month low of $11.60 and a 12 month high of $15.60. The company has a current ratio of 1.02, a quick ratio of 0.67 and a debt-to-equity ratio of 0.16. The company has a market cap of $396.26 million, a P/E ratio of 34.90 and a beta of 0.65.

Landec (NASDAQ:LNDC) last posted its quarterly earnings data 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 business had revenue of $124.70 million for the quarter, compared to analyst estimates of $123.94 million. During the same quarter last year, the business earned $0.08 earnings per share. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. Sell-side analysts predict that Landec Co. will post 0.42 EPS for the current fiscal year.

A number of research firms recently commented on LNDC. Zacks Investment Research upgraded shares of Landec from a “sell” rating to a “hold” rating in a research note on Saturday, November 3rd. BidaskClub upgraded shares of Landec from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Maxim Group reiterated a “buy” rating and set a $18.00 price objective on shares of Landec in a research note on Wednesday, August 1st. ValuEngine upgraded shares of Landec from a “hold” rating to a “buy” rating in a research note on Wednesday, September 26th. Finally, TheStreet lowered shares of Landec from a “b-” rating to a “c+” rating in a research note on Friday, September 7th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $18.00.

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Landec Profile

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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