Connor Clark & Lunn Investment Management Ltd. Purchases Shares of 101,012 Mission Produce, Inc. (NASDAQ:AVO)

Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Mission Produce, Inc. (NASDAQ:AVO - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 101,012 shares of the company's stock, valued at approximately $1,295,000. Connor Clark & Lunn Investment Management Ltd. owned 0.14% of Mission Produce as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SG Capital Management LLC purchased a new position in Mission Produce during the 1st quarter valued at $1,331,000. Dimensional Fund Advisors LP boosted its position in shares of Mission Produce by 25.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,327,266 shares of the company's stock valued at $13,113,000 after purchasing an additional 266,489 shares in the last quarter. Wedge Capital Management L L P NC purchased a new stake in Mission Produce in the third quarter worth $955,000. Price T Rowe Associates Inc. MD grew its stake in Mission Produce by 15.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,932 shares of the company's stock worth $166,000 after purchasing an additional 1,870 shares during the period. Finally, American Century Companies Inc. lifted its position in Mission Produce by 16.5% during the second quarter. American Century Companies Inc. now owns 70,511 shares of the company's stock valued at $697,000 after buying an additional 10,000 shares during the period. Institutional investors own 63.57% of the company's stock.

Analysts Set New Price Targets

AVO has been the topic of a number of recent research reports. Roth Mkm upped their target price on shares of Mission Produce from $14.00 to $16.00 and gave the stock a "buy" rating in a research report on Wednesday, September 11th. Lake Street Capital reaffirmed a "buy" rating and set a $15.00 target price on shares of Mission Produce in a research note on Tuesday, September 10th.

Mission Produce Stock Down 0.3 %

Shares of NASDAQ AVO traded down $0.04 during trading on Wednesday, reaching $13.00. The company had a trading volume of 197,368 shares, compared to its average volume of 224,472. Mission Produce, Inc. has a 12-month low of $8.19 and a 12-month high of $14.17. The company has a quick ratio of 1.40, a current ratio of 2.02 and a debt-to-equity ratio of 0.28. The business's 50-day moving average is $12.71 and its 200 day moving average is $11.57. The stock has a market cap of $921.83 million, a PE ratio of 39.52 and a beta of 0.50.

Mission Produce (NASDAQ:AVO - Get Free Report) last released its quarterly earnings data on Monday, September 9th. The company reported $0.21 earnings per share for the quarter, beating analysts' consensus estimates of ($0.02) by $0.23. The business had revenue of $324.00 million during the quarter, compared to analyst estimates of $229.90 million. Mission Produce had a net margin of 2.06% and a return on equity of 6.69%. As a group, equities analysts forecast that Mission Produce, Inc. will post 0.39 earnings per share for the current fiscal year.

Insider Activity at Mission Produce

In other news, Director Luis A. Gonzalez sold 49,331 shares of the company's stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $13.03, for a total transaction of $642,782.93. Following the completion of the sale, the director now owns 7,398,902 shares of the company's stock, valued at $96,407,693.06. This represents a 0.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jay A. Pack sold 72,054 shares of the company's stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $13.30, for a total transaction of $958,318.20. Following the completion of the transaction, the director now owns 384,823 shares of the company's stock, valued at approximately $5,118,145.90. The trade was a 15.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 296,059 shares of company stock valued at $3,920,360 over the last 90 days. Corporate insiders own 41.60% of the company's stock.

About Mission Produce

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.