Alambic Investment Management L.P. Buys Shares of 13,833 FTD Companies Inc (FTD)

Alambic Investment Management L.P. Buys Shares of 13,833 FTD Companies Inc (FTD)

A number of other institutional investors also recently modified their holdings of FTD. Norges Bank acquired a new position in FTD Companies during the fourth quarter worth about $14,956,000. State Street Corp increased its position in FTD Companies by 1.7% in the fourth quarter. State Street Corp now owns 450,595 shares of the company’s stock worth $10,743,000 after buying an additional 7,398 shares in the last quarter. Bank of New York Mellon Corp increased its position in FTD Companies by 1.0% in the first quarter. Bank of New York Mellon Corp now owns 231,320 shares of the company’s stock worth $4,658,000 after buying an additional 2,356 shares in the last quarter. Olstein Capital Management L.P. increased its position in FTD Companies by 21.4% in the first quarter. Olstein Capital Management L.P. now owns 163,500 shares of the company’s stock worth $3,293,000 after buying an additional 28,801 shares in the last quarter. Finally, Putnam Investments LLC increased its position in FTD Companies by 0.7% in the fourth quarter. Putnam Investments LLC now owns 132,186 shares of the company’s stock worth $3,152,000 after buying an additional 966 shares in the last quarter. Institutional investors and hedge funds own 61.18% of the company’s stock.

Alambic Investment Management L.P. bought a new position in FTD Companies Inc (NASDAQ:FTD) during the first quarter, Holdings Channel reports. The institutional investor bought 13,833 shares of the company’s stock, valued at approximately $279,000.

FTD Companies Inc (NASDAQ:FTD) opened at 17.42 on Wednesday. The company’s market capitalization is $477.90 million. FTD Companies Inc has a 1-year low of $16.86 and a 1-year high of $27.78. The stock’s 50 day moving average is $19.42 and its 200-day moving average is $21.96.

FTD Companies (NASDAQ:FTD) last announced its quarterly earnings data on Tuesday, March 14th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.43. The firm had revenue of $280.70 million during the quarter, compared to analysts’ expectations of $281.35 million. FTD Companies had a negative net margin of 6.84% and a positive return on equity of 8.84%. The business’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($2.90) earnings per share. On average, analysts expect that FTD Companies Inc will post $0.63 earnings per share for the current fiscal year.

FTD has been the topic of a number of recent research reports. TheStreet downgraded shares of FTD Companies from a “c-” rating to a “d+” rating in a research note on Monday, April 3rd. Zacks Investment Research upgraded shares of FTD Companies from a “sell” rating to a “hold” rating in a research note on Wednesday, March 15th. B. Riley upgraded shares of FTD Companies from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 8th. Finally, Sidoti downgraded shares of FTD Companies from a “buy” rating to a “neutral” rating in a research note on Wednesday, March 15th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $22.50.

About FTD Companies

FTD Companies, Inc (FTD) is a floral and gifting company. The Company operates through four segments: Consumer, Florist, International and Provide Commerce. Through its Consumer segment, FTD is a direct marketer of floral and gift products for consumers, primarily in the United States and Canada. Through its Florist segment, the Company is a provider of products and services to its floral network members, which include traditional retail florists and other non-florist retail locations, primarily in the United States and Canada.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:FTD”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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