Fourth Sail Capital LP bought a new position in shares of Mission Produce, Inc. (NASDAQ:AVO – Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 62,525 shares of the company’s stock, valued at approximately $725,000. Fourth Sail Capital LP owned about 0.09% of Mission Produce at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in AVO. Quarry LP bought a new stake in shares of Mission Produce in the third quarter valued at about $29,000. Leonteq Securities AG bought a new stake in shares of Mission Produce in the fourth quarter valued at about $31,000. GAMMA Investing LLC raised its holdings in shares of Mission Produce by 87.1% in the fourth quarter. GAMMA Investing LLC now owns 4,589 shares of the company’s stock valued at $53,000 after acquiring an additional 2,136 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Mission Produce by 211.8% in the second quarter. Tower Research Capital LLC TRC now owns 4,649 shares of the company’s stock valued at $54,000 after acquiring an additional 3,158 shares in the last quarter. Finally, AlphaQuest LLC raised its holdings in shares of Mission Produce by 33.7% in the third quarter. AlphaQuest LLC now owns 4,662 shares of the company’s stock valued at $56,000 after acquiring an additional 1,174 shares in the last quarter. 63.57% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Mission Produce
In other Mission Produce news, major shareholder Holdings Venture Globalharvest purchased 3,695 shares of the company’s stock in a transaction dated Tuesday, March 17th. The shares were acquired at an average price of $11.94 per share, for a total transaction of $44,118.30. Following the completion of the purchase, the insider owned 9,991,577 shares of the company’s stock, valued at approximately $119,299,429.38. The trade was a 0.04% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 30.85% of the company’s stock.
Analyst Ratings Changes
View Our Latest Analysis on AVO
Mission Produce Price Performance
Shares of AVO stock opened at $11.20 on Friday. Mission Produce, Inc. has a fifty-two week low of $10.07 and a fifty-two week high of $15.53. The firm has a market capitalization of $989.18 million, a price-to-earnings ratio of 35.00 and a beta of 0.50. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.19 and a current ratio of 1.91. The stock’s 50-day simple moving average is $12.80 and its 200-day simple moving average is $12.90.
Mission Produce (NASDAQ:AVO – Get Free Report) last issued its quarterly earnings results on Thursday, March 12th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. Mission Produce had a return on equity of 6.92% and a net margin of 1.83%.The business had revenue of $278.60 million for the quarter, compared to analyst estimates of $277.33 million. During the same quarter in the previous year, the firm earned $0.10 earnings per share. The company’s revenue was down 26.1% on a year-over-year basis. As a group, equities analysts forecast that Mission Produce, Inc. will post 0.45 earnings per share for the current fiscal year.
Mission Produce announced that its Board of Directors has authorized a share buyback program on Monday, June 8th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 13.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.
Mission Produce Profile
Mission Produce, Inc is a leading global supplier, packer and distributor of fresh avocados, serving retail, foodservice and industrial customers. The company manages a vertically integrated supply chain that spans sourcing, post-harvest handling, packing and ripening. Through proprietary ripening technologies and cold-chain logistics, Mission Produce delivers consistent quality and extended shelf life for its avocado offerings.
Founded in 1983 and headquartered in Oxnard, California, Mission Produce grew from a regional packing operation into a publicly traded company listed on the Nasdaq under the ticker AVO.
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