Limoneira Co (NASDAQ:LMNR) Position Increased by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its position in shares of Limoneira Co (NASDAQ:LMNR) by 1.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 72,107 shares of the company’s stock after buying an additional 991 shares during the period. Bank of New York Mellon Corp owned about 0.51% of Limoneira worth $1,508,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the stock. State of New Jersey Common Pension Fund D raised its position in Limoneira by 5.4% in the first quarter. State of New Jersey Common Pension Fund D now owns 216,000 shares of the company’s stock worth $4,517,000 after buying an additional 11,000 shares in the last quarter. State Street Corp raised its position in Limoneira by 5.6% in the fourth quarter. State Street Corp now owns 165,700 shares of the company’s stock worth $3,563,000 after buying an additional 8,811 shares in the last quarter. Renaissance Technologies LLC raised its position in Limoneira by 362.4% in the fourth quarter. Renaissance Technologies LLC now owns 136,400 shares of the company’s stock worth $2,934,000 after buying an additional 106,900 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Limoneira by 59.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 113,628 shares of the company’s stock worth $2,444,000 after buying an additional 42,500 shares in the last quarter. Finally, Two Sigma Investments LP purchased a new position in Limoneira during the fourth quarter worth $798,000. 26.19% of the stock is owned by institutional investors and hedge funds.

Shares of Limoneira Co (NASDAQ:LMNR) traded up 1.83% during trading on Friday, reaching $21.13. 35,334 shares of the company traded hands. Limoneira Co has a 12 month low of $16.26 and a 12 month high of $24.00. The firm has a 50-day moving average price of $22.29 and a 200-day moving average price of $20.23. The firm has a market capitalization of $304.38 million, a PE ratio of 26.15 and a beta of 0.89.

Limoneira (NASDAQ:LMNR) last released its quarterly earnings results on Thursday, June 8th. The company reported $0.24 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.06. Limoneira had a net margin of 9.82% and a return on equity of 9.09%. The company had revenue of $36.89 million for the quarter, compared to analyst estimates of $33.31 million. During the same quarter last year, the firm posted $0.08 earnings per share. The company’s quarterly revenue was up 34.8% compared to the same quarter last year. Equities research analysts anticipate that Limoneira Co will post $0.55 EPS for the current year.

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LMNR has been the subject of a number of analyst reports. BidaskClub lowered shares of Limoneira from a “hold” rating to a “sell” rating in a research report on Saturday. Zacks Investment Research raised shares of Limoneira from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Tuesday, June 27th. Finally, Roth Capital reaffirmed a “buy” rating and set a $26.50 price target on shares of Limoneira in a research report on Wednesday, June 7th.

In related news, Director Elizabeth Blanchard Chess sold 3,506 shares of the business’s stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $23.43, for a total transaction of $82,145.58. Following the transaction, the director now owns 1,616 shares of the company’s stock, valued at $37,862.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ronald L. Michaelis sold 1,500 shares of Limoneira stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $22.70, for a total transaction of $34,050.00. Following the sale, the director now owns 9,686 shares in the company, valued at approximately $219,872.20. The disclosure for this sale can be found here. In the last three months, insiders sold 8,006 shares of company stock worth $181,356. Insiders own 5.70% of the company’s stock.

Limoneira Company Profile

Limoneira Company is engaged in agribusiness and real estate development. The Company’s operations consist of fruit production, sales and marketing, rental operations, real estate development and capital investment activities. The Company’s segments include lemon operations, other agribusiness, rental operations and real estate development.

Institutional Ownership by Quarter for Limoneira (NASDAQ:LMNR)

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