Connor Clark & Lunn Investment Management Ltd. Increases Holdings in Mission Produce, Inc. (NASDAQ:AVO)

Connor Clark & Lunn Investment Management Ltd. lifted its stake in Mission Produce, Inc. (NASDAQ:AVO - Free Report) by 56.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 157,897 shares of the company's stock after purchasing an additional 56,885 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.22% of Mission Produce worth $2,269,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in AVO. R Squared Ltd bought a new stake in shares of Mission Produce in the 4th quarter worth approximately $34,000. New York State Teachers Retirement System bought a new stake in shares of Mission Produce in the 4th quarter worth approximately $57,000. Quantbot Technologies LP bought a new stake in shares of Mission Produce in the 3rd quarter worth approximately $76,000. Quarry LP bought a new position in Mission Produce in the 3rd quarter valued at approximately $114,000. Finally, Martingale Asset Management L P bought a new position in Mission Produce in the 3rd quarter valued at approximately $129,000. 63.57% of the stock is owned by institutional investors.

Mission Produce Stock Down 2.9 %

AVO stock traded down $0.29 during midday trading on Friday, hitting $9.76. The company's stock had a trading volume of 880,043 shares, compared to its average volume of 272,320. The company has a market cap of $693.66 million, a PE ratio of 19.14 and a beta of 0.47. Mission Produce, Inc. has a 12 month low of $9.54 and a 12 month high of $15.25. The company has a current ratio of 1.87, a quick ratio of 1.26 and a debt-to-equity ratio of 0.23. The firm's 50-day moving average is $11.69 and its 200-day moving average is $12.46.

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Insider Activity at Mission Produce

In related news, insider Juan R. Wiesner sold 21,892 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $10.05, for a total value of $220,014.60. Following the transaction, the insider now directly owns 21,412 shares of the company's stock, valued at approximately $215,190.60. This represents a 50.55 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Stephen J. Barnard sold 103,847 shares of the business's stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $14.53, for a total transaction of $1,508,896.91. Following the sale, the chief executive officer now owns 1,790,966 shares of the company's stock, valued at approximately $26,022,735.98. This represents a 5.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 262,132 shares of company stock valued at $3,364,617. 35.41% of the stock is owned by corporate insiders.

Mission Produce Profile

Mission Produce, Inc engages in the sourcing, farming, packaging, marketing, and distribution of avocados, mangoes, and blueberries to food retailers, distributors, and foodservice customers in the United States and internationally. The company operates through three segments, Marketing and Distribution; International Farming; and Blueberries.