Assenagon Asset Management S.A. purchased a new stake in Calavo Growers, Inc. (NASDAQ:CVGW – Get Rating) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 22,301 shares of the company's stock, valued at approximately $813,000. Assenagon Asset Management S.A. owned about 0.13% of Calavo Growers at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Nisa Investment Advisors LLC increased its position in Calavo Growers by 335.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,415 shares of the company's stock worth $59,000 after buying an additional 1,090 shares during the last quarter. Raymond James & Associates lifted its holdings in Calavo Growers by 8.2% during the 4th quarter. Raymond James & Associates now owns 96,509 shares of the company's stock valued at $4,092,000 after purchasing an additional 7,285 shares during the last quarter. Quadrant Capital Group LLC boosted its position in Calavo Growers by 209.9% during the fourth quarter. Quadrant Capital Group LLC now owns 781 shares of the company's stock worth $33,000 after purchasing an additional 529 shares during the period. SG Americas Securities LLC increased its holdings in shares of Calavo Growers by 53.9% in the fourth quarter. SG Americas Securities LLC now owns 4,983 shares of the company's stock valued at $211,000 after purchasing an additional 1,745 shares during the last quarter. Finally, National Bank of Canada FI acquired a new stake in shares of Calavo Growers during the 4th quarter worth about $233,000. Institutional investors own 77.43% of the company's stock.
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CVGW opened at $43.27 on Monday. The stock has a market capitalization of $767.70 million, a price-to-earnings ratio of -25.30 and a beta of 0.59. The company has a quick ratio of 0.94, a current ratio of 1.33 and a debt-to-equity ratio of 0.21. Calavo Growers, Inc. has a twelve month low of $28.76 and a twelve month high of $60.00. The company has a 50-day simple moving average of $37.40 and a 200 day simple moving average of $38.82.
Calavo Growers (NASDAQ:CVGW – Get Rating) last posted its quarterly earnings results on Thursday, June 2nd. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.11. Calavo Growers had a negative net margin of 2.59% and a positive return on equity of 0.41%. The business had revenue of $331.42 million for the quarter, compared to analyst estimates of $316.85 million. During the same quarter last year, the business posted $0.43 EPS. The firm's revenue for the quarter was up 19.7% on a year-over-year basis. Analysts predict that Calavo Growers, Inc. will post 1.03 EPS for the current fiscal year.Analyst Ratings Changes
Several equities research analysts have issued reports on CVGW shares. StockNews.com upgraded shares of Calavo Growers from a "sell" rating to a "hold" rating in a research report on Thursday, June 9th. Stephens raised their price objective on Calavo Growers to $40.00 in a research note on Thursday, June 9th.
About Calavo Growers
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Calavo Growers, Inc markets and distributes avocados, prepared avocados, and other perishable foods to retail grocery and foodservice customers, club stores, mass merchandisers, food distributors, and wholesale customers worldwide. It operates in three segments: Fresh Products, Calavo Foods, and Renaissance Food Group (RFG).
Further Reading
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