L & S Advisors Inc maintained its position in Calavo Growers, Inc. (NASDAQ:CVGW) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,750 shares of the company’s stock at the end of the first quarter. L & S Advisors Inc’s holdings in Calavo Growers were worth $227,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Neuberger Berman Group LLC boosted its stake in Calavo Growers by 27.5% in the first quarter. Neuberger Berman Group LLC now owns 1,585,982 shares of the company’s stock valued at $96,111,000 after buying an additional 342,194 shares in the last quarter. Stephens Investment Management Group LLC boosted its stake in Calavo Growers by 23.8% in the first quarter. Stephens Investment Management Group LLC now owns 747,701 shares of the company’s stock valued at $45,311,000 after buying an additional 143,501 shares during the period. Dimensional Fund Advisors LP boosted its stake in Calavo Growers by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 617,618 shares of the company’s stock valued at $37,922,000 after buying an additional 6,977 shares during the period. State of New Jersey Common Pension Fund D raised its position in Calavo Growers by 2.2% in the first quarter. State of New Jersey Common Pension Fund D now owns 570,000 shares of the company’s stock valued at $34,542,000 after buying an additional 12,420 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Calavo Growers by 24.8% in the first quarter. Bank of New York Mellon Corp now owns 393,886 shares of the company’s stock valued at $23,870,000 after buying an additional 78,219 shares in the last quarter. 82.28% of the stock is owned by institutional investors.
Shares of Calavo Growers, Inc. (CVGW) traded down 1.15% during mid-day trading on Tuesday, reaching $69.00. 80,957 shares of the company traded hands. The firm has a 50-day moving average price of $68.61 and a 200 day moving average price of $61.62. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 30.01 and a beta of 0.55. Calavo Growers, Inc. has a 52 week low of $48.75 and a 52 week high of $76.85.
Calavo Growers (NASDAQ:CVGW) last released its quarterly earnings data on Tuesday, June 6th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.08. The firm had revenue of $270.20 million during the quarter, compared to analysts’ expectations of $259.79 million. Calavo Growers had a return on equity of 18.38% and a net margin of 3.99%. Calavo Growers’s revenue was up 22.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.56 earnings per share. On average, analysts anticipate that Calavo Growers, Inc. will post $2.47 earnings per share for the current year.
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A number of equities research analysts have issued reports on CVGW shares. Zacks Investment Research lowered shares of Calavo Growers from a “buy” rating to a “hold” rating in a report on Wednesday, February 22nd. BidaskClub raised shares of Calavo Growers from a “hold” rating to a “buy” rating in a research note on Friday, June 9th. Finally, Stephens reissued an “overweight” rating and set a $85.00 price target (up from $75.00) on shares of Calavo Growers in a research report on Friday, June 9th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $76.60.
In other news, Chairman Lecil E. Cole bought 42,942 shares of the stock in a transaction on Tuesday, April 11th. The shares were bought at an average price of $61.78 per share, with a total value of $2,652,956.76. Following the completion of the acquisition, the chairman now owns 604,923 shares of the company’s stock, valued at $37,372,142.94. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Marc Laurence Brown sold 750 shares of the company’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $75.10, for a total value of $56,325.00. Following the completion of the sale, the director now directly owns 10,100 shares in the company, valued at approximately $758,510. The disclosure for this sale can be found here. Corporate insiders own 9.90% of the company’s stock.
Calavo Growers Company Profile
Calavo Growers, Inc operates in the avocado industry. The Company provides value-added fresh food. The Company distributes its products both domestically and internationally and internationally. It operates in three business segments: Fresh products, Calavo Foods and Renaissance Food Group, LLC (RFG).
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