Cornerstone Capital Management Holdings LLC. purchased a new position in FTD Companies, Inc. (NASDAQ:FTD) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 58,900 shares of the company’s stock, valued at approximately $1,178,000. Cornerstone Capital Management Holdings LLC. owned about 0.21% of FTD Companies at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Voya Investment Management LLC increased its stake in shares of FTD Companies by 14.5% in the second quarter. Voya Investment Management LLC now owns 11,591 shares of the company’s stock worth $232,000 after purchasing an additional 1,465 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of FTD Companies by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,299,788 shares of the company’s stock worth $45,996,000 after purchasing an additional 6,574 shares during the period. Parametric Portfolio Associates LLC increased its stake in shares of FTD Companies by 6.9% in the second quarter. Parametric Portfolio Associates LLC now owns 63,368 shares of the company’s stock worth $1,267,000 after purchasing an additional 4,117 shares during the period. California Public Employees Retirement System increased its stake in shares of FTD Companies by 26.8% in the second quarter. California Public Employees Retirement System now owns 53,500 shares of the company’s stock worth $1,070,000 after purchasing an additional 11,300 shares during the period. Finally, Pinebridge Investments L.P. increased its stake in shares of FTD Companies by 2.6% in the second quarter. Pinebridge Investments L.P. now owns 31,461 shares of the company’s stock worth $629,000 after purchasing an additional 808 shares during the period. 58.83% of the stock is owned by institutional investors.

FTD has been the topic of a number of recent analyst reports. Zacks Investment Research lowered FTD Companies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 15th. BidaskClub lowered FTD Companies from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 8th. Finally, DA Davidson lowered FTD Companies from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $23.00 to $17.00 in a research note on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $19.00.

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FTD Companies, Inc. (NASDAQ FTD) opened at 11.62 on Monday. The stock has a 50 day moving average price of $13.08 and a 200-day moving average price of $17.05. FTD Companies, Inc. has a 1-year low of $11.49 and a 1-year high of $26.19. The company’s market capitalization is $320.06 million.

FTD Companies Company Profile

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.

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Institutional Ownership by Quarter for FTD Companies (NASDAQ:FTD)

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