Sanderson Farms Inc (NASDAQ:SAFM) Reports Increase in Sellers; Strong Momentum for Short Players

Sanderson Farms, Inc. (NASDAQ:SAFM) Logo

Investors sentiment increased to 0.91 in Q4 2018. Its up 0.09, from 0.82 in 2018Q3. It increased, as 28 investors sold Sanderson Farms, Inc. shares while 75 reduced holdings. 32 funds opened positions while 62 raised stakes. 22.88 million shares or 2.45% more from 22.33 million shares in 2018Q3 were reported.
Indexiq Advisors Ltd Liability holds 0.03% or 12,479 shares. Brandywine Inv Mngmt Lc has 0.02% invested in Sanderson Farms, Inc. (NASDAQ:SAFM). 7,728 are owned by Ameritas Invest Prns Inc. Voya Investment Mgmt Limited Liability Company holds 0% or 8,445 shares. State Board Of Administration Of Florida Retirement Systems reported 0% stake. State Of Tennessee Treasury Department invested 0.02% in Sanderson Farms, Inc. (NASDAQ:SAFM). Citadel Advisors Ltd Com accumulated 0.03% or 514,981 shares. 40,918 are held by Tiaa Cref Management Limited Liability Corp. Ontario – Canada-based Sprott Inc has invested 1.26% in Sanderson Farms, Inc. (NASDAQ:SAFM). Howe And Rusling holds 0.05% or 2,387 shares. Carroll Fincl Assocs Inc has invested 0% in Sanderson Farms, Inc. (NASDAQ:SAFM). Jupiter Asset holds 42,536 shares. Legal And General Group Public Lc holds 27,583 shares. Goldman Sachs Gru owns 273,095 shares or 0.01% of their US portfolio. Suntrust Banks stated it has 2,244 shares or 0% of all its holdings.

Since December 26, 2018, it had 0 buys, and 1 sale for $29,104 activity.

The stock of Sanderson Farms Inc (NASDAQ:SAFM) registered an increase of 9.36% in short interest. SAFM’s total short interest was 4.08M shares in May as published by FINRA. Its up 9.36% from 3.73M shares, reported previously. With 337,400 shares average volume, it will take short sellers 12 days to cover their SAFM’s short positions. The short interest to Sanderson Farms Inc’s float is 22.76%.

The stock decreased 0.10% or $0.15 during the last trading session, reaching $151.88. About 111,696 shares traded. Sanderson Farms, Inc. (NASDAQ:SAFM) has declined 4.14% since May 8, 2018 and is downtrending. It has underperformed by 8.51% the S&P500.

Sanderson Farms, Inc., an integrated poultry processing company, produces, processes, markets, and distributes fresh, frozen, and prepared chicken products in the United States. The company has market cap of $3.37 billion. The firm sells ice pack, chill pack, bulk pack, and frozen chicken in whole, cut-up, and boneless form primarily under the Sanderson Farms brand name to retailers, distributors, and casual dining operators in the southeastern, southwestern, northeastern, and western United States, as well as to clients who resell frozen chicken in the export markets. It currently has negative earnings. The Company’s prepared chicken product line includes institutional and consumer packaged partially cooked or marinated chicken items for distributors and food service establishments.

Sanderson Farms, Inc. (NASDAQ:SAFM) Ratings Coverage

Among 6 analysts covering Sanderson Farms (NASDAQ:SAFM), 1 have Buy rating, 1 Sell and 4 Hold. Therefore 17% are positive. Sanderson Farms had 13 analyst reports since December 18, 2018 according to SRatingsIntel. Buckingham Research maintained the shares of SAFM in report on Thursday, April 11 with “Neutral” rating. Buckingham Research maintained it with “Hold” rating and $115 target in Tuesday, March 5 report. As per Wednesday, February 27, the company rating was maintained by BMO Capital Markets. The stock of Sanderson Farms, Inc. (NASDAQ:SAFM) has “Buy” rating given on Monday, January 28 by Mizuho. Jefferies maintained the shares of SAFM in report on Tuesday, February 26 with “Sell” rating. Mizuho maintained the stock with “Buy” rating in Wednesday, February 27 report. The company was maintained on Tuesday, December 18 by Barclays Capital.

More notable recent Sanderson Farms, Inc. (NASDAQ:SAFM) news were published by: Fool.com which released: “Stock Market News: CVS to Head for Washington; Chicken Lifts Sanderson Farms – Motley Fool” on March 13, 2019, also Nasdaq.com with their article: “Factors Likely to Shape Constellation Brands (STZ) Q4 Earnings – Nasdaq” published on March 28, 2019, Nasdaq.com published: “Sanderson Farms (SAFM) Down as Q1 Earnings & Sales Fall Y/Y – Nasdaq” on February 27, 2019. More interesting news about Sanderson Farms, Inc. (NASDAQ:SAFM) were released by: Finance.Yahoo.com and their article: “Did Hedge Funds Drop The Ball On Sanderson Farms, Inc. (SAFM) ? – Yahoo Finance” published on May 01, 2019 as well as Nasdaq.com‘s news article titled: “Sanderson Farms (SAFM) is a Great Momentum Stock: Should You Buy? – Nasdaq” with publication date: April 16, 2019.

Sanderson Farms, Inc. (NASDAQ:SAFM) Institutional Positions Chart

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