Trexquant Investment LP Buys 145,111 Shares of Mission Produce, Inc. (NASDAQ:AVO)

Trexquant Investment LP boosted its holdings in shares of Mission Produce, Inc. (NASDAQ:AVO - Free Report) by 255.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 201,975 shares of the company's stock after purchasing an additional 145,111 shares during the period. Trexquant Investment LP owned about 0.28% of Mission Produce worth $2,902,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in AVO. R Squared Ltd bought a new position in shares of Mission Produce during the 4th quarter worth approximately $34,000. New York State Teachers Retirement System acquired a new position in Mission Produce during the fourth quarter worth $57,000. KLP Kapitalforvaltning AS bought a new position in shares of Mission Produce during the fourth quarter valued at $114,000. New York State Common Retirement Fund boosted its stake 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 valued at $137,000 after purchasing an additional 4,000 shares in the last quarter. Finally, HighTower Advisors LLC bought a new stake in shares of Mission Produce in the 4th quarter worth about $166,000. 63.57% of the stock is owned by institutional investors and hedge funds.

Mission Produce Price Performance

Shares of Mission Produce stock traded up $0.22 during mid-day trading on Friday, reaching $9.96. 234,550 shares of the stock were exchanged, compared to its average volume of 289,394. The company has a market cap of $707.88 million, a price-to-earnings ratio of 19.53 and a beta of 0.54. Mission Produce, Inc. has a fifty-two week low of $9.54 and a fifty-two week 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 has a 50-day simple moving average of $10.97 and a 200 day simple moving average of $12.18.

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Insiders Place Their Bets

In other news, insider Juan R. Wiesner sold 21,892 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $10.05, for a total transaction of $220,014.60. Following the sale, the insider now owns 21,412 shares in the company, valued at approximately $215,190.60. This represents a 50.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 35.41% of the company's stock.

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.