Middleby Corp (MIDD) : Oak Ridge Investments reduced its stake in Middleby Corp by 1.47% during the most recent quarter end. The investment management company now holds a total of 1,181,700 shares of Middleby Corp which is valued at $138,861,567 after selling 17,608 shares in Middleby Corp , the firm said in a disclosure report filed with the SEC on May 9, 2016.Middleby Corp makes up approximately 3.68% of Oak Ridge Investments’s portfolio.
Other Hedge Funds, Including , Congress Asset Management Co boosted its stake in MIDD in the latest quarter, The investment management firm added 29,794 additional shares and now holds a total of 326,893 shares of Middleby Corp which is valued at $38,413,196. Middleby Corp makes up approx 0.95% of Congress Asset Management Co’s portfolio.New York State Common Retirement Fund boosted its stake in MIDD in the latest quarter, The investment management firm added 10,220 additional shares and now holds a total of 302,741 shares of Middleby Corp which is valued at $32,696,028. Middleby Corp makes up approx 0.05% of New York State Common Retirement Fund’s portfolio.Nationwide Fund Advisors reduced its stake in MIDD by selling 15,272 shares or 4.48% in the most recent quarter. The Hedge Fund company now holds 325,395 shares of MIDD which is valued at $35,142,660. Middleby Corp makes up approx 0.15% of Nationwide Fund Advisors’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in MIDD by selling 1,061 shares or 7.17% in the most recent quarter. The Hedge Fund company now holds 13,747 shares of MIDD which is valued at $1,507,221. Middleby Corp makes up approx 0.01% of Public Employees Retirement Association Of Colorado’s portfolio. Shaker Investmentsoh sold out all of its stake in MIDD during the most recent quarter. The investment firm sold 6,600 shares of MIDD which is valued $723,624.
Middleby Corp opened for trading at $114.74 and hit $120.25 on the upside on Friday, eventually ending the session at $117.51, with a gain of 2.49% or 2.86 points. The heightened volatility saw the trading volume jump to 12,83,614 shares. Company has a market cap of $6,761 M.
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.