Ubs Asset Management Americas Inc Adjusts Its Position in Flowers Foods (FLO)


Flowers Foods (NYSE:FLO).

Ubs Asset Management Americas Inc reports that it increased its position in Flowers Foods stock by 2,334.3% as of the end of the last quarter. Its position was valued at $46,705,000 an increase of $44,939,000 as of quarter end.

Several firms have updated their holdings. As of quarter end Dimensional Fund Advisors Lp had acquired a total of 333,384 shares growing its stake by 16.2%. The value of the investment in Flowers Foods went from $35,558,000 to $44,908,000 a change of $9,350,000 quarter to quarter. As of the end of the quarter California State Teachers Retirement System had sold 30,224 shares trimming its holdings by 9.3%. The value of the investment in (FLO) decreased from $5,639,000 to $5,559,000 decreasing 1.4% for the reporting period.

Great West Life Assurance CO /can/ expanded its holdings by buying 2,920 shares an increase of 2.6% in the quarter. Great West Life Assurance CO /can/ controls 113,790 shares valued at $2,131,000. The total value of its holdings increased 11.1%.

November 2 investment analysts at BMO Capital Markets kept the stock rating at “Hold” targeting a price of $19.00.

On August 31 Jefferies Group LLC kept the company rating at “Hold” projecting a price of $19.00.

The company is now up since yesterday’s close of 18.9. The company’s P/E ratio is 48.27 and the market value is 4.07B. In the latest earnings report the EPS was $0.40 with 209.61M shares presently outstanding.

Investors are feeling more bullish on shares of Flowers Foods recently if you put credence in the downtick in short interest. The stock experienced a fall in short interest from October 13, 2017 to October 31, 2017 of -10.99%. Short shares decreased 1,242,436 over that timeframe. The days to cover increased to 15.0 and the percentage of shorted shares was 0.05% on October 31.