Jane Street Group LLC Raises Holdings in Mission Produce, Inc. (NASDAQ:AVO)

Jane Street Group LLC lifted its holdings in shares of Mission Produce, Inc. (NASDAQ:AVO - Free Report) by 171.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 158,257 shares of the company's stock after buying an additional 100,055 shares during the quarter. Jane Street Group LLC owned approximately 0.22% of Mission Produce worth $2,029,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Point72 Asset Management L.P. purchased a new stake in Mission Produce during the 2nd quarter worth approximately $53,000. Point72 DIFC Ltd purchased a new position in shares of Mission Produce in the second quarter worth about $53,000. Quantbot Technologies LP purchased a new stake in Mission Produce during the 3rd quarter valued at about $76,000. nVerses Capital LLC acquired a new stake in Mission Produce in the 2nd quarter valued at about $67,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Mission Produce in the 2nd quarter worth approximately $73,000. Hedge funds and other institutional investors own 63.57% of the company's stock.

Mission Produce Stock Performance

AVO traded down $0.05 on Wednesday, reaching $14.39. The company had a trading volume of 288,475 shares, compared to its average volume of 236,227. The company has a quick ratio of 1.40, a current ratio of 2.02 and a debt-to-equity ratio of 0.28. Mission Produce, Inc. has a 1 year low of $9.54 and a 1 year high of $15.25. The stock has a market capitalization of $1.02 billion, a PE ratio of 43.61 and a beta of 0.54. The stock has a 50-day moving average price of $12.93 and a 200-day moving average price of $11.72.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Lake Street Capital reissued a "buy" rating and issued a $15.00 price target on shares of Mission Produce in a research note on Tuesday, September 10th. Roth Mkm boosted their target price on Mission Produce from $14.00 to $16.00 and gave the company a "buy" rating in a research report on Wednesday, September 11th.

Mission Produce Company 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.