Kayne Anderson Rudnick Investment Management LLC Has $2.17 Million Holdings in The Middleby Corporation (MIDD)

Kayne Anderson Rudnick Investment Management LLC lowered its stake in shares of The Middleby Corporation (NASDAQ:MIDD) by 4.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,881 shares of the industrial products company’s stock after selling 815 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC’s holdings in The Middleby Corporation were worth $2,172,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in MIDD. Van ECK Associates Corp lifted its holdings in shares of The Middleby Corporation by 7.7% in the first quarter. Van ECK Associates Corp now owns 780 shares of the industrial products company’s stock valued at $106,000 after buying an additional 56 shares during the period. Advisory Services Network LLC acquired a new stake in shares of The Middleby Corporation in the first quarter valued at $125,000. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of The Middleby Corporation by 0.9% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,029 shares of the industrial products company’s stock valued at $140,000 after buying an additional 9 shares during the period. IFP Advisors Inc lifted its holdings in shares of The Middleby Corporation by 10.5% in the second quarter. IFP Advisors Inc now owns 1,031 shares of the industrial products company’s stock valued at $125,000 after buying an additional 98 shares during the period. Finally, LS Investment Advisors LLC lifted its holdings in shares of The Middleby Corporation by 4.7% in the second quarter. LS Investment Advisors LLC now owns 1,072 shares of the industrial products company’s stock valued at $130,000 after buying an additional 48 shares during the period. Institutional investors own 95.23% of the company’s stock.

In related news, Director Gordon Obrien sold 5,600 shares of the company’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $121.41, for a total value of $679,896.00. Following the sale, the director now owns 11,050 shares in the company, valued at approximately $1,341,580.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John R. Miller III sold 8,500 shares of the company’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $118.50, for a total transaction of $1,007,250.00. Following the completion of the sale, the director now owns 16,000 shares in the company, valued at approximately $1,896,000. The disclosure for this sale can be found here. 2.00% of the stock is owned by corporate insiders.

Several brokerages have recently weighed in on MIDD. Zacks Investment Research lowered The Middleby Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Macquarie upgraded The Middleby Corporation from a “neutral” rating to an “outperform” rating and set a $150.00 price objective for the company in a report on Tuesday, August 15th. BMO Capital Markets reaffirmed a “buy” rating and set a $150.00 target price on shares of The Middleby Corporation in a research report on Friday, August 11th. BidaskClub raised The Middleby Corporation from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 25th. Finally, Seaport Global Securities initiated coverage on The Middleby Corporation in a research report on Thursday, June 29th. They set a “neutral” rating and a $128.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $142.71.

ILLEGAL ACTIVITY WARNING: This news story was first reported by BBNS and is the sole property of of BBNS. If you are accessing this news story on another domain, it was stolen and reposted in violation of U.S. and international copyright and trademark law. The legal version of this news story can be accessed at https://baseballnewssource.com/markets/kayne-anderson-rudnick-investment-management-llc-sells-815-shares-of-the-middleby-corporation-midd/1600335.html.

The Middleby Corporation (NASDAQ:MIDD) opened at 121.53 on Friday. The firm has a market capitalization of $7.00 billion, a price-to-earnings ratio of 22.76 and a beta of 1.81. The Middleby Corporation has a 12 month low of $108.45 and a 12 month high of $150.87. The firm has a 50-day moving average price of $121.60 and a 200 day moving average price of $129.31.

The Middleby Corporation (NASDAQ:MIDD) last released its quarterly earnings data on Wednesday, August 9th. The industrial products company reported $1.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.01. The company had revenue of $579.34 million for the quarter, compared to analysts’ expectations of $587.49 million. The Middleby Corporation had a net margin of 13.38% and a return on equity of 23.05%. On average, equities analysts forecast that The Middleby Corporation will post $5.61 EPS for the current year.

The Middleby Corporation Company Profile

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, the Food Processing Equipment Group and the Residential Kitchen Equipment Group.

Institutional Ownership by Quarter for The Middleby Corporation (NASDAQ:MIDD)

Receive News & Ratings for The Middleby Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Middleby Corporation and related companies with our FREE daily email newsletter.

 


Latest News

American League Once Again Dominates National League
American League Once Again Dominates National League
Los Angeles Dodgers Waiting But Magic Number Down to One
Los Angeles Dodgers Waiting But Magic Number Down to One
Young Girl Hit by Foul Ball Rushed to Hospital
Young Girl Hit by Foul Ball Rushed to Hospital
New Home Run Record Reached in Major League Baseball
New Home Run Record Reached in Major League Baseball
Will 2017 MLB Season End with No 20-Game Winner?
Will 2017 MLB Season End with No 20-Game Winner?
Cleveland Indians Winning Streak Snapped at 22
Cleveland Indians Winning Streak Snapped at 22


Leave a Reply

 
© 2006-2017 BBNS.