Calavo Growers, Inc. (CVGW) Shares Bought by Cadence Capital Management LLC

Cadence Capital Management LLC raised its position in shares of Calavo Growers, Inc. (NASDAQ:CVGW) by 7.8% in the fourth quarter, HoldingsChannel reports. The firm owned 22,089 shares of the company’s stock after acquiring an additional 1,598 shares during the period. Cadence Capital Management LLC’s holdings in Calavo Growers were worth $1,864,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Alliancebernstein L.P. raised its position in Calavo Growers by 5.5% during the 2nd quarter. Alliancebernstein L.P. now owns 21,200 shares of the company’s stock valued at $1,464,000 after purchasing an additional 1,100 shares in the last quarter. Piedmont Investment Advisors LLC bought a new stake in Calavo Growers during the 2nd quarter valued at $230,000. JPMorgan Chase & Co. raised its position in Calavo Growers by 16.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 52,013 shares of the company’s stock valued at $3,787,000 after purchasing an additional 7,523 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Calavo Growers by 62.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,527 shares of the company’s stock valued at $244,000 after purchasing an additional 1,358 shares in the last quarter. Finally, Chicago Equity Partners LLC raised its position in Calavo Growers by 10.0% during the 3rd quarter. Chicago Equity Partners LLC now owns 16,400 shares of the company’s stock valued at $1,200,000 after purchasing an additional 1,490 shares in the last quarter. 92.63% of the stock is owned by institutional investors and hedge funds.

In other news, Director Marc Laurence Brown sold 1,000 shares of the business’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $85.05, for a total value of $85,050.00. Following the completion of the transaction, the director now directly owns 9,600 shares of the company’s stock, valued at approximately $816,480. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider James E. Gibson sold 10,000 shares of the business’s stock in a transaction on Tuesday, December 26th. The stock was sold at an average price of $79.14, for a total value of $791,400.00. Following the completion of the transaction, the insider now directly owns 61,991 shares of the company’s stock, valued at $4,905,967.74. The disclosure for this sale can be found here. Insiders own 9.90% of the company’s stock.

A number of brokerages have weighed in on CVGW. Zacks Investment Research raised Calavo Growers from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. Stephens lifted their target price on Calavo Growers from $85.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, December 20th. Lake Street Capital reaffirmed a “buy” rating and set a $91.00 target price (up from $76.00) on shares of Calavo Growers in a research report on Wednesday, December 20th. Finally, BidaskClub raised Calavo Growers from a “hold” rating to a “buy” rating in a research report on Wednesday, December 27th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $88.00.

Calavo Growers, Inc. (NASDAQ CVGW) opened at $83.85 on Friday. The company has a market capitalization of $1,470.00, a price-to-earnings ratio of 39.37 and a beta of 0.68. Calavo Growers, Inc. has a 1 year low of $48.75 and a 1 year high of $90.85.

Calavo Growers (NASDAQ:CVGW) last released its quarterly earnings results on Tuesday, December 19th. The company reported $0.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.09. The firm had revenue of $277.20 million during the quarter, compared to analyst estimates of $297.40 million. Calavo Growers had a return on equity of 16.01% and a net margin of 3.47%. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.53 EPS. equities analysts anticipate that Calavo Growers, Inc. will post 2.86 EPS for the current year.

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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).

Want to see what other hedge funds are holding CVGW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Calavo Growers, Inc. (NASDAQ:CVGW).

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

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