Jacobs & Co. CA purchased a new position in shares of Calavo Growers, Inc. (NASDAQ:CVGW) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,598 shares of the company’s stock, valued at approximately $303,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC raised its position in shares of Calavo Growers by 50.0% during the 3rd quarter. SG Americas Securities LLC now owns 2,774 shares of the company’s stock worth $203,000 after purchasing an additional 925 shares during the last quarter. FDx Advisors Inc. acquired a new position in shares of Calavo Growers during the 4th quarter worth about $234,000. LS Investment Advisors LLC raised its position in shares of Calavo Growers by 51.0% during the 4th quarter. LS Investment Advisors LLC now owns 2,797 shares of the company’s stock worth $236,000 after purchasing an additional 945 shares during the last quarter. Creative Planning acquired a new position in shares of Calavo Growers during the 4th quarter worth about $248,000. Finally, Piedmont Investment Advisors LLC acquired a new position in shares of Calavo Growers during the 2nd quarter worth about $230,000. Hedge funds and other institutional investors own 90.97% of the company’s stock.
A number of analysts have commented on CVGW shares. BidaskClub downgraded shares of Calavo Growers from a “buy” rating to a “hold” rating in a report on Thursday, December 7th. Lake Street Capital reiterated a “buy” rating and issued a $91.00 price objective (up previously from $76.00) on shares of Calavo Growers in a report on Wednesday, December 20th. Zacks Investment Research upgraded shares of Calavo Growers from a “sell” rating to a “hold” rating in a report on Tuesday, November 7th. Finally, Stephens increased their price objective on shares of Calavo Growers from $85.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, December 20th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $88.00.
Calavo Growers (NASDAQ:CVGW) last released its quarterly earnings data on Tuesday, December 19th. The company reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.09. The company had revenue of $277.20 million during the quarter, compared to the consensus estimate of $297.40 million. Calavo Growers had a net margin of 3.47% and a return on equity of 16.01%. Calavo Growers’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.53 EPS. research analysts expect that Calavo Growers, Inc. will post 2.96 earnings per share for the current year.
In other Calavo Growers news, insider James E. Gibson sold 10,000 shares of the stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $79.14, for a total value of $791,400.00. Following the completion of the sale, the insider now owns 61,991 shares in the company, valued at approximately $4,905,967.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Marc Laurence Brown sold 1,000 shares of the stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $85.05, for a total transaction of $85,050.00. Following the completion of the sale, the director now owns 9,600 shares of the company’s stock, valued at approximately $816,480. The disclosure for this sale can be found here. 9.90% of the stock is currently owned by corporate insiders.
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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).
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