Global Alpha Capital Management Ltd. lessened its stake in shares of Limoneira Co (NASDAQ:LMNR – Free Report) by 8.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,926,713 shares of the company’s stock after selling 258,568 shares during the quarter. Limoneira makes up approximately 2.3% of Global Alpha Capital Management Ltd.’s investment portfolio, making the stock its 18th biggest holding. Global Alpha Capital Management Ltd. owned 0.16% of Limoneira worth $36,950,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Jacobs Levy Equity Management Inc. purchased a new position in shares of Limoneira during the first quarter valued at $256,000. Jane Street Group LLC purchased a new position in shares of Limoneira during the first quarter valued at $335,000. Geode Capital Management LLC increased its stake in shares of Limoneira by 5.6% during the second quarter. Geode Capital Management LLC now owns 397,720 shares of the company’s stock valued at $6,226,000 after buying an additional 20,913 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Limoneira by 248.7% during the second quarter. JPMorgan Chase & Co. now owns 44,238 shares of the company’s stock valued at $692,000 after buying an additional 31,552 shares during the period. Finally, Rhumbline Advisers increased its stake in shares of Limoneira by 29.5% during the second quarter. Rhumbline Advisers now owns 24,943 shares of the company’s stock valued at $390,000 after buying an additional 5,682 shares during the period. Hedge funds and other institutional investors own 64.35% of the company’s stock.
Limoneira Trading Down 0.3%
Limoneira stock opened at $11.83 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.16 and a debt-to-equity ratio of 0.53. Limoneira Co has a 52 week low of $11.69 and a 52 week high of $17.19. The company has a market capitalization of $214.24 million, a price-to-earnings ratio of -9.24 and a beta of 0.30. The stock has a 50-day moving average price of $12.93 and a 200 day moving average price of $13.53.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on LMNR shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Limoneira in a research report on Friday, March 27th. Zacks Research raised Limoneira from a “strong sell” rating to a “hold” rating in a research report on Friday, February 27th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $18.50.
View Our Latest Report on LMNR
Limoneira Company Profile
Limoneira Company (NASDAQ: LMNR), founded in 1893 and based in Santa Paula, California, is a diversified agribusiness and real estate enterprise. As one of the oldest citrus producers in the United States, Limoneira has built a reputation for cultivating and marketing high-quality citrus fruits, avocados and specialty crops. The company’s vertically integrated model encompasses farming, packing, processing and marketing activities designed to deliver fresh produce to domestic and international markets.
In its agricultural operations, Limoneira specializes in lemons, oranges and avocados, employing modern irrigation, harvesting and packing technologies to maintain consistent product quality and supply.
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