Rhumbline Advisers Has $109,000 Position in FTD Companies Inc (FTD)

Rhumbline Advisers cut its stake in shares of FTD Companies Inc (NASDAQ:FTD) by 42.0% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 23,453 shares of the company’s stock after selling 16,954 shares during the quarter. Rhumbline Advisers’ holdings in FTD Companies were worth $109,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of FTD. KBC Group NV boosted its holdings in FTD Companies by 49.4% during the 1st quarter. KBC Group NV now owns 56,748 shares of the company’s stock valued at $207,000 after acquiring an additional 18,762 shares during the period. BlackRock Inc. boosted its holdings in FTD Companies by 1.3% during the 1st quarter. BlackRock Inc. now owns 2,319,391 shares of the company’s stock valued at $8,443,000 after acquiring an additional 30,501 shares during the period. California Public Employees Retirement System boosted its holdings in FTD Companies by 13.1% during the 1st quarter. California Public Employees Retirement System now owns 123,201 shares of the company’s stock valued at $448,000 after acquiring an additional 14,235 shares during the period. Dimensional Fund Advisors LP boosted its holdings in FTD Companies by 3.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,209,393 shares of the company’s stock valued at $8,042,000 after acquiring an additional 70,766 shares during the period. Finally, Landscape Capital Management L.L.C. purchased a new stake in FTD Companies during the 1st quarter valued at about $948,000. Institutional investors own 55.01% of the company’s stock.

FTD has been the subject of several analyst reports. ValuEngine upgraded FTD Companies from a “hold” rating to a “buy” rating in a report on Thursday, August 2nd. Zacks Investment Research raised FTD Companies from a “hold” rating to a “buy” rating and set a $4.00 price target for the company in a research report on Tuesday, July 24th. Finally, DA Davidson lowered their price target on FTD Companies to $3.50 and set a “neutral” rating for the company in a research report on Friday, July 20th.

FTD opened at $2.60 on Thursday. The company has a market cap of $74.88 million, a price-to-earnings ratio of 5.87, a price-to-earnings-growth ratio of 17.87 and a beta of 0.14. FTD Companies Inc has a one year low of $2.58 and a one year high of $13.67.

FTD Companies (NASDAQ:FTD) last released its quarterly earnings results on Wednesday, August 8th. The company reported ($0.31) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.49). The business had revenue of $299.92 million for the quarter, compared to the consensus estimate of $299.40 million. FTD Companies had a negative net margin of 33.52% and a negative return on equity of 9.48%. equities research analysts forecast that FTD Companies Inc will post 0.03 earnings per share for the current fiscal year.

FTD Companies Profile

FTD Companies, Inc, together with its subsidiaries, operates as a floral and gifting company primarily in the United States, Canada, the United Kingdom, and the Republic of Ireland. It operates through four segments: Provide Commerce, Consumer, Florist, and International. The company offers floral, specialty foods, gift, and related products and services to consumers, retail florists, and other retail locations and companies.

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

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