Charles Schwab Investment Management Inc. lessened its stake in shares of Calavo Growers, Inc. (NASDAQ:CVGW - Free Report) by 15.5% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 262,777 shares of the company's stock after selling 48,184 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.48% of Calavo Growers worth $7,497,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Summit Securities Group LLC acquired a new position in Calavo Growers in the 2nd quarter valued at $56,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Calavo Growers by 40.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,831 shares of the company's stock valued at $87,000 after acquiring an additional 1,100 shares in the last quarter. LMR Partners LLP bought a new position in Calavo Growers during the third quarter worth about $253,000. SG Americas Securities LLC raised its stake in Calavo Growers by 126.7% in the 2nd quarter. SG Americas Securities LLC now owns 12,395 shares of the company's stock worth $281,000 after purchasing an additional 6,928 shares in the last quarter. Finally, Inspire Investing LLC bought a new stake in Calavo Growers in the 2nd quarter valued at about $346,000. Institutional investors own 81.30% of the company's stock.
Calavo Growers Stock Performance
Shares of CVGW traded down $0.15 during mid-day trading on Thursday, hitting $26.43. 84,544 shares of the company's stock were exchanged, compared to its average volume of 206,693. The company has a quick ratio of 1.77, a current ratio of 2.04 and a debt-to-equity ratio of 0.18. Calavo Growers, Inc. has a 52 week low of $20.30 and a 52 week high of $31.26. The stock's 50-day simple moving average is $27.53 and its 200-day simple moving average is $25.65. The firm has a market cap of $470.45 million, a price-to-earnings ratio of -52.86 and a beta of 0.58.
Calavo Growers (NASDAQ:CVGW - Get Free Report) last issued its quarterly earnings results on Monday, September 9th. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.21. The business had revenue of $179.60 million for the quarter, compared to the consensus estimate of $175.00 million. Calavo Growers had a positive return on equity of 6.35% and a negative net margin of 1.21%. On average, equities research analysts expect that Calavo Growers, Inc. will post 1.31 EPS for the current year.
About Calavo Growers
(
Free Report)
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 through Grown and Prepared segments. The Grown segment distributes tomatoes and papayas; and procures avocados grown in California, Mexico, Peru, and Colombia.
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