Handelsinvest Investeringsforvaltning buys $7,256,133 stake in Middleby Corp (MIDD)

Middleby Corp (MIDD) : Handelsinvest Investeringsforvaltning scooped up 29,500 additional shares in Middleby Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 54,900 shares of Middleby Corp which is valued at $7,256,133.Middleby Corp makes up approximately 2.64% of Handelsinvest Investeringsforvaltning’s portfolio.

Other Hedge Funds, Including , Blair William Coil boosted its stake in MIDD in the latest quarter, The investment management firm added 153 additional shares and now holds a total of 37,822 shares of Middleby Corp which is valued at $4,998,934. Middleby Corp makes up approx 0.04% of Blair William Coil’s portfolio.Congress Asset Management Co boosted its stake in MIDD in the latest quarter, The investment management firm added 26,336 additional shares and now holds a total of 353,229 shares of Middleby Corp which is valued at $43,129,261. Middleby Corp makes up approx 0.96% of Congress Asset Management Co’s portfolio.Oak Ridge Investments reduced its stake in MIDD by selling 1,259,898 shares or 53.31% in the most recent quarter. The Hedge Fund company now holds 1,103,502 shares of MIDD which is valued at $134,737,594. Middleby Corp makes up approx 3.26% of Oak Ridge Investments’s portfolio. Spot Trading L.l.c added MIDD to its portfolio by purchasing 2,469 company shares during the most recent quarter which is valued at $291,367. Middleby Corp makes up approx 0.04% of Spot Trading L.l.c’s portfolio.Trillium Asset Management boosted its stake in MIDD in the latest quarter, The investment management firm added 5,426 additional shares and now holds a total of 66,746 shares of Middleby Corp which is valued at $8,034,883. Middleby Corp makes up approx 0.51% of Trillium Asset Management’s portfolio.

Middleby Corp closed down -0.87 points or -0.67% at $129.68 with 5,60,588 shares getting traded on Monday. Post opening the session at $130.58, the shares hit an intraday low of $127.43 and an intraday high of $131.34 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Middleby Corp reported $1.04 EPS for the quarter, based on the information available during the earnings call on Nov 10, 2015. Analyst had a consensus estimate of $1.04. The company had revenue of $449.00 million for the quarter, compared to analysts expectations of $446.45 million. The company’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.05 EPS.

The Middleby Corporation is engaged in the design manufacture and sale of commercial foodservice food processing equipment and residential kitchen equipment. The Company operates in three segments: the Commercial Foodservice Equipment Group has a portfolio of cooking and warming equipment; the Food Processing Equipment Group offers a portfolio of processing solutions for customers producing pre-cooked meat products and the Residential Kitchen Equipment Group manufactures sells and distributes kitchen equipment for the residential market. The equipment are used in all types of commercial restaurants and institutional kitchens; food preparation cooking baking chilling and packaging equipment for food processing operations and kitchen equipment including ranges ovens refrigerators ventilation and dishwashers used in the residential market. Its brands include Anets Beech Blodgett Britannia CTX Cozzini Danfotech Drake Brigade Jade and TurboChef among others.

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