Cantab Capital Partners Llp buys $2.1 Million stake in Sanderson Farms (SAFM)

Sanderson Farms (SAFM) : Cantab Capital Partners Llp scooped up 9,242 additional shares in Sanderson Farms during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 22,365 shares of Sanderson Farms which is valued at $2.1 Million.Sanderson Farms makes up approximately 0.56% of Cantab Capital Partners Llp’s portfolio.

Other Hedge Funds, Including , Keeley Asset Management Corp reduced its stake in SAFM by selling 1,960 shares or 6.88% in the most recent quarter. The Hedge Fund company now holds 26,535 shares of SAFM which is valued at $2.5 Million. Sanderson Farms makes up approx 0.09% of Keeley Asset Management Corp’s portfolio.Artisan Partners Limited Partnership reduced its stake in SAFM by selling 24,211 shares or 18.07% in the most recent quarter. The Hedge Fund company now holds 109,777 shares of SAFM which is valued at $10.1 Million. Sanderson Farms makes up approx 0.02% of Artisan Partners Limited Partnership’s portfolio. Amalgamated Bank added SAFM to its portfolio by purchasing 2,406 company shares during the most recent quarter which is valued at $222,218. Sanderson Farms makes up approx 0.02% of Amalgamated Bank’s portfolio. Nuance Investments sold out all of its stake in SAFM during the most recent quarter. The investment firm sold 23,056 shares of SAFM which is valued $2.1 Million.Tiaa Cref Investment Management reduced its stake in SAFM by selling 23,583 shares or 24.87% in the most recent quarter. The Hedge Fund company now holds 71,248 shares of SAFM which is valued at $6.6 Million.

Sanderson Farms opened for trading at $89.43 and hit $90.6 on the upside on Wednesday, eventually ending the session at $90.12, with a gain of 0.67% or 0.6 points. The heightened volatility saw the trading volume jump to 4,18,006 shares. Company has a market cap of $2,034 M.

On the company’s financial health, Sanderson Farms reported $2.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.58 according to the earnings call on May 26, 2016. Analyst had a consensus of $1.53. The company had revenue of $692.10 million for the quarter, compared to analysts expectations of $671.26 million. The company’s revenue was down -3.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $3.13 EPS.

Many Wall Street Analysts have commented on Sanderson Farms. Sanderson Farms was Downgraded by Goldman to ” Sell” on Mar 15, 2016.

Sanderson Farms Inc. is a poultry processing company which is engaged in the production processing marketing and distribution of fresh and frozen chicken and other prepared chicken items. In addition the Company is engaged in the processing marketing and distribution of prepared chicken through its wholly owned subsidiary Sanderson Farms Inc. (Foods Division). It produces a range of processed chicken products and prepared chicken items. It sells ice pack chill pack bulk pack and frozen chicken in whole cut-up and boneless form under the Sanderson Farms brand name to retailers distributors and casual dining operators in the south-eastern south-western north-eastern and western United States and to customers who resell frozen chicken into export markets. During the fiscal year ended October 31 2013 (fiscal 2013) it processed 452 million chickens or over 3.0 billion dressed pounds.

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