Eagle Asset Management Inc. Purchases 2,443 Shares of Calavo Growers, Inc. (CVGW)

Eagle Asset Management Inc. grew its position in shares of Calavo Growers, Inc. (NASDAQ:CVGW) by 6.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 43,067 shares of the company’s stock after acquiring an additional 2,443 shares during the quarter. Eagle Asset Management Inc. owned 0.25% of Calavo Growers worth $3,221,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in CVGW. Acrospire Investment Management LLC boosted its position in Calavo Growers by 561.8% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,767 shares of the company’s stock worth $122,000 after acquiring an additional 1,500 shares during the last quarter. SG Americas Securities LLC acquired a new position in Calavo Growers during the 2nd quarter worth approximately $128,000. Pinebridge Investments L.P. boosted its position in Calavo Growers by 1.4% during the 2nd quarter. Pinebridge Investments L.P. now owns 2,031 shares of the company’s stock worth $140,000 after acquiring an additional 29 shares during the last quarter. Aviance Capital Management LLC acquired a new position in Calavo Growers during the 2nd quarter worth approximately $153,000. Finally, Victory Capital Management Inc. boosted its position in Calavo Growers by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 2,444 shares of the company’s stock worth $169,000 after acquiring an additional 367 shares during the last quarter. 92.22% of the stock is owned by hedge funds and other institutional investors.

In other news, insider James E. Snyder sold 750 shares of the company’s stock in a transaction that occurred on Tuesday, October 17th. The stock was sold at an average price of $70.19, for a total transaction of $52,642.50. Following the sale, the insider now owns 11,095 shares in the company, valued at approximately $778,758.05. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 9.90% of the company’s stock.

A number of brokerages have recently issued reports on CVGW. Zacks Investment Research upgraded Calavo Growers from a “hold” rating to a “buy” rating and set a $79.00 price objective on the stock in a research note on Tuesday, August 22nd. Buckingham Research dropped their price objective on Calavo Growers from $83.00 to $82.00 and set a “buy” rating on the stock in a research note on Friday, August 18th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Calavo Growers currently has an average rating of “Buy” and an average target price of $79.40.

Shares of Calavo Growers, Inc. (NASDAQ:CVGW) opened at $75.55 on Wednesday. Calavo Growers, Inc. has a 12 month low of $48.75 and a 12 month high of $77.89. The stock has a market capitalization of $1,345.67, a P/E ratio of 36.37 and a beta of 0.65.

Calavo Growers (NASDAQ:CVGW) last announced its quarterly earnings data on Wednesday, September 6th. The company reported $0.50 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.50. Calavo Growers had a return on equity of 16.07% and a net margin of 3.46%. The company had revenue of $301.65 million for the quarter, compared to analysts’ expectations of $278.66 million. During the same quarter in the prior year, the business posted $0.73 EPS. The business’s revenue was up 14.6% compared to the same quarter last year. equities analysts expect that Calavo Growers, Inc. will post 2.05 earnings per share for the current year.

The business also recently disclosed an annual dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be paid a dividend of $0.95 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a dividend yield of 1.29%. This is a boost from Calavo Growers’s previous annual dividend of $0.90. Calavo Growers’s dividend payout ratio is currently 45.89%.

ILLEGAL ACTIVITY WARNING: This piece of content was originally published by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece of content on another website, it was stolen and republished in violation of United States and international copyright and trademark law. The legal version of this piece of content can be accessed at https://www.com-unik.info/2017/12/06/eagle-asset-management-inc-purchases-2443-shares-of-calavo-growers-inc-cvgw.html.

About Calavo Growers

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).

Institutional Ownership by Quarter for Calavo Growers (NASDAQ:CVGW)

What are top analysts saying about Calavo Growers Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Calavo Growers Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit