Columbus Circle Investors Has $25.67 Million Stake in Middleby Co. (MIDD)

Columbus Circle Investors grew its holdings in shares of Middleby Co. (NASDAQ:MIDD) by 6.8% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 207,326 shares of the industrial products company’s stock after acquiring an additional 13,198 shares during the period. Columbus Circle Investors owned about 0.37% of Middleby worth $25,665,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Truewealth LLC bought a new position in shares of Middleby during the fourth quarter valued at $102,000. American International Group Inc. bought a new position in shares of Middleby during the fourth quarter valued at $176,000. Crossmark Global Holdings Inc. bought a new position in shares of Middleby during the fourth quarter valued at $202,000. ETRADE Capital Management LLC bought a new position in shares of Middleby during the fourth quarter valued at $246,000. Finally, Water Island Capital LLC bought a new position in shares of Middleby during the fourth quarter valued at $258,000.

NASDAQ:MIDD opened at $103.96 on Friday. The company has a quick ratio of 1.07, a current ratio of 2.11 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $5.84 billion, a price-to-earnings ratio of 16.88 and a beta of 1.81. Middleby Co. has a 12 month low of $104.53 and a 12 month high of $105.46.

Middleby (NASDAQ:MIDD) last posted its quarterly earnings results on Tuesday, February 27th. The industrial products company reported $1.48 EPS for the quarter, hitting analysts’ consensus estimates of $1.48. The business had revenue of $632.86 million during the quarter, compared to analysts’ expectations of $646.83 million. Middleby had a net margin of 12.25% and a return on equity of 22.03%. research analysts anticipate that Middleby Co. will post 6.06 EPS for the current year.

Several equities analysts have recently issued reports on MIDD shares. Citigroup dropped their price target on shares of Middleby from $150.00 to $132.00 and set a “neutral” rating for the company in a research note on Monday, March 5th. Zacks Investment Research downgraded shares of Middleby from a “buy” rating to a “hold” rating in a research note on Wednesday, January 24th. BidaskClub downgraded shares of Middleby from a “hold” rating to a “sell” rating in a research note on Saturday, February 24th. Susquehanna Bancshares set a $149.00 price target on shares of Middleby and gave the company a “buy” rating in a research note on Thursday, March 1st. Finally, Wellington Shields downgraded shares of Middleby from an “accumulate” rating to a “hold” rating in a research note on Thursday, March 1st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $134.50.

In related news, Director Nassem Ziyad purchased 2,000 shares of Middleby stock in a transaction on Thursday, March 8th. The stock was acquired at an average cost of $118.50 per share, for a total transaction of $237,000.00. Following the completion of the acquisition, the director now owns 2,000 shares of the company’s stock, valued at approximately $237,000. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.90% of the company’s stock.

Middleby Company Profile

The Middleby Corporation designs, manufactures, markets, distributes, and services foodservice, food processing, and residential kitchen equipment in the United States, Canada, Asia, Europe, the Middle East, and Latin America. Its Commercial Foodservice Equipment Group segment offers cooking and warming equipment for quick and full-service restaurants, convenience stores, retail outlets, hotels, and other institutions.

Institutional Ownership by Quarter for Middleby (NASDAQ:MIDD)

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