FIL Ltd Acquires 700,000 Shares of FTD Companies Inc (FTD)

FIL Ltd lifted its holdings in shares of FTD Companies Inc (NASDAQ:FTD) by 172.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,105,489 shares of the company’s stock after buying an additional 700,000 shares during the period. FIL Ltd owned about 3.96% of FTD Companies worth $2,907,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in shares of FTD Companies by 5.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,321,454 shares of the company’s stock valued at $10,772,000 after purchasing an additional 112,061 shares during the period. Nantahala Capital Management LLC raised its holdings in shares of FTD Companies by 2.2% in the 2nd quarter. Nantahala Capital Management LLC now owns 2,198,663 shares of the company’s stock valued at $10,202,000 after purchasing an additional 46,383 shares during the period. Millennium Management LLC bought a new stake in shares of FTD Companies in the 2nd quarter valued at about $1,492,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of FTD Companies by 65.6% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 170,900 shares of the company’s stock valued at $793,000 after purchasing an additional 67,700 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of FTD Companies by 1,096.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 150,169 shares of the company’s stock valued at $395,000 after purchasing an additional 137,616 shares during the period. Institutional investors own 47.47% of the company’s stock.

Shares of FTD stock opened at $2.12 on Monday. FTD Companies Inc has a 52-week low of $1.98 and a 52-week high of $8.80.

A number of equities research analysts have recently issued reports on FTD shares. ValuEngine cut shares of FTD Companies from a “buy” rating to a “hold” rating in a report on Tuesday, September 4th. Zacks Investment Research raised shares of FTD Companies from a “sell” rating to a “hold” rating in a report on Wednesday, October 10th.

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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.

Further Reading: What is a balanced fund?

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

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