Marshall Wace LLP Raises Position in Mission Produce, Inc. (NASDAQ:AVO)

Marshall Wace LLP lifted its holdings in shares of Mission Produce, Inc. (NASDAQ:AVO - Free Report) by 23.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 418,303 shares of the company's stock after purchasing an additional 80,161 shares during the quarter. Marshall Wace LLP owned 0.59% of Mission Produce worth $6,011,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. R Squared Ltd purchased a new position in shares of Mission Produce during the 4th quarter valued at about $34,000. New York State Teachers Retirement System purchased a new position in shares of Mission Produce during the fourth quarter worth approximately $57,000. KLP Kapitalforvaltning AS purchased a new position in shares of Mission Produce during the fourth quarter worth approximately $114,000. New York State Common Retirement Fund lifted its holdings in shares of Mission Produce by 72.6% in the 4th quarter. New York State Common Retirement Fund now owns 9,509 shares of the company's stock worth $137,000 after acquiring an additional 4,000 shares during the last quarter. Finally, HighTower Advisors LLC purchased a new stake in shares of Mission Produce in the 4th quarter valued at $166,000. 63.57% of the stock is currently owned by institutional investors.

Mission Produce Stock Up 1.6 %

Shares of NASDAQ AVO opened at $10.65 on Thursday. The company has a market cap of $756.92 million, a price-to-earnings ratio of 20.88 and a beta of 0.54. The firm's fifty day moving average is $10.75 and its 200 day moving average is $12.05. The company has a quick ratio of 1.26, a current ratio of 1.87 and a debt-to-equity ratio of 0.23. Mission Produce, Inc. has a 52 week low of $9.54 and a 52 week high of $15.25.

Insider Transactions at Mission Produce

In related news, insider Juan R. Wiesner sold 75,153 shares of the company's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $10.08, for a total value of $757,542.24. Following the sale, the insider now directly owns 1,000,000 shares of the company's stock, valued at $10,080,000. This represents a 6.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 35.41% of the company's stock.

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.

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