Dimensional Fund Advisors LP decreased its position in Landec Co. (NASDAQ:LNDC) by 0.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,314,826 shares of the basic materials company’s stock after selling 14,314 shares during the quarter. Dimensional Fund Advisors LP owned about 8.40% of Landec worth $34,491,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. grew its holdings in Landec by 5.0% in the 2nd quarter. BlackRock Inc. now owns 1,950,345 shares of the basic materials company’s stock valued at $29,061,000 after buying an additional 92,444 shares during the period. Royce & Associates LP grew its holdings in Landec by 3.3% in the 2nd quarter. Royce & Associates LP now owns 1,274,408 shares of the basic materials company’s stock valued at $18,989,000 after buying an additional 40,217 shares during the period. Russell Investments Group Ltd. grew its holdings in Landec by 109.8% in the 1st quarter. Russell Investments Group Ltd. now owns 802,770 shares of the basic materials company’s stock valued at $10,477,000 after buying an additional 420,108 shares during the period. Investment Counselors of Maryland LLC grew its holdings in Landec by 57.8% in the 2nd quarter. Investment Counselors of Maryland LLC now owns 594,578 shares of the basic materials company’s stock valued at $8,859,000 after buying an additional 217,824 shares during the period. Finally, Boston Partners grew its holdings in Landec by 12.3% in the 1st quarter. Boston Partners now owns 430,549 shares of the basic materials company’s stock valued at $5,619,000 after buying an additional 47,304 shares during the period. 96.60% of the stock is owned by hedge funds and other institutional investors.

LNDC opened at $13.60 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.10 and a quick ratio of 0.74. The stock has a market capitalization of $370.27 million, a price-to-earnings ratio of 33.17 and a beta of 0.67. Landec Co. has a 12 month low of $11.42 and a 12 month high of $15.60.

Landec (NASDAQ:LNDC) last issued its earnings results on Tuesday, July 31st. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.02. Landec had a return on equity of 4.85% and a net margin of 4.51%. The business had revenue of $141.10 million during the quarter, compared to analysts’ expectations of $138.61 million. During the same quarter in the previous year, the business earned $0.09 EPS. The company’s revenue for the quarter was up 16.3% on a year-over-year basis. sell-side analysts forecast that Landec Co. will post 0.44 EPS for the current fiscal year.

Several research firms have commented on LNDC. BidaskClub cut Landec from a “sell” rating to a “strong sell” rating in a report on Friday, August 3rd. ValuEngine cut Landec from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. Maxim Group restated a “buy” rating and issued a $18.00 price target on shares of Landec in a report on Wednesday, August 1st. TheStreet upgraded Landec from a “c+” rating to a “b” rating in a report on Tuesday, May 29th. Finally, Zacks Investment Research upgraded Landec from a “sell” rating to a “hold” rating in a report on Thursday, May 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $15.33.

About Landec

Landec Corporation, together with its subsidiaries, designs, develops, manufactures, and sells differentiated health and wellness products for food and biomaterials markets. It operates through three segments: Packaged Fresh Vegetables, Food Export, and Biomaterials. The Packaged Fresh Vegetables segment markets and packs specialty packaged whole and fresh-cut fruits and vegetables utilizing the BreatheWay specialty packaging technology for the retail grocery, club store, and food service industries under the Eat Smart and GreenLine brands, as well as private label brands; and sells BreatheWay packaging technology to partners for fruit and vegetable products.

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Institutional Ownership by Quarter for Landec (NASDAQ:LNDC)

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