Limoneira (NASDAQ:LMNR - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "sell" rating to a "hold" rating in a research report issued on Monday.
Limoneira Stock Down 1.5 %
Shares of NASDAQ:LMNR traded down $0.34 during mid-day trading on Monday, hitting $22.61. 82,156 shares of the company traded hands, compared to its average volume of 65,128. The firm's 50 day simple moving average is $25.39 and its 200 day simple moving average is $24.96. The firm has a market cap of $408.79 million, a P/E ratio of 59.50 and a beta of 0.52. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.69 and a current ratio of 0.74. Limoneira has a 52-week low of $17.37 and a 52-week high of $29.22.
Institutional Investors Weigh In On Limoneira
A number of large investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its position in Limoneira by 14.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,486 shares of the company's stock valued at $92,000 after buying an additional 436 shares during the last quarter. SG Americas Securities LLC purchased a new position in Limoneira in the third quarter valued at about $153,000. Legacy Capital Group California Inc. acquired a new stake in Limoneira during the 3rd quarter valued at approximately $206,000. JPMorgan Chase & Co. increased its holdings in Limoneira by 27.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,086 shares of the company's stock worth $241,000 after purchasing an additional 1,981 shares during the last quarter. Finally, PEAK6 Investments LLC purchased a new stake in Limoneira during the 3rd quarter worth approximately $255,000. 64.35% of the stock is owned by institutional investors and hedge funds.
Limoneira Company Profile
(
Get Free Report)
Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally. The company operates through three divisions: Agribusiness, Rental Operations, and Real Estate Development. It grows, processes, packs, markets, and sells lemons. The company also grows avocado, oranges, and specialty citrus and other crops, including Moro blood oranges, Cara Cara oranges, Valencia oranges, Minneola tangelos, Star Ruby grapefruit, pummelos, and wine grapes.
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