Nuance Investments LLC Sells 93,874 Shares of Mission Produce, Inc. (NASDAQ:AVO)

Nuance Investments LLC lessened its holdings in Mission Produce, Inc. (NASDAQ:AVO - Free Report) by 3.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,922,979 shares of the company's stock after selling 93,874 shares during the quarter. Mission Produce accounts for approximately 1.3% of Nuance Investments LLC's investment portfolio, making the stock its 27th biggest holding. Nuance Investments LLC owned 4.12% of Mission Produce worth $37,473,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Mission Produce during the third quarter worth $1,295,000. Atria Investments Inc bought a new stake in Mission Produce during the third quarter worth $424,000. Creative Planning raised its position in shares of Mission Produce by 8.3% in the third quarter. Creative Planning now owns 11,226 shares of the company's stock valued at $144,000 after purchasing an additional 858 shares during the period. Wedge Capital Management L L P NC bought a new position in shares of Mission Produce in the third quarter valued at about $955,000. Finally, SG Americas Securities LLC bought a new position in shares of Mission Produce in the third quarter valued at about $266,000. Institutional investors own 63.57% of the company's stock.

Mission Produce Stock Down 1.0 %

NASDAQ AVO traded down $0.13 during mid-day trading on Wednesday, hitting $12.99. The company's stock had a trading volume of 141,762 shares, compared to its average volume of 225,615. The company's 50 day simple moving average is $12.72 and its 200 day simple moving average is $11.53. Mission Produce, Inc. has a twelve month low of $8.19 and a twelve month high of $14.17. The company has a current ratio of 2.02, a quick ratio of 1.40 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $921.13 million, a price-to-earnings ratio of 39.76 and a beta of 0.50.

Mission Produce (NASDAQ:AVO - Get Free Report) last issued its quarterly earnings results on Monday, September 9th. The company reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates of ($0.02) by $0.23. Mission Produce had a net margin of 2.06% and a return on equity of 6.69%. The company had revenue of $324.00 million for the quarter, compared to the consensus estimate of $229.90 million. Analysts anticipate that Mission Produce, Inc. will post 0.39 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently commented on AVO. Roth Mkm upped their price target on shares of Mission Produce from $14.00 to $16.00 and gave the company a "buy" rating in a research note on Wednesday, September 11th. Lake Street Capital reiterated a "buy" rating and set a $15.00 price objective on shares of Mission Produce in a research note on Tuesday, September 10th.

Insider Transactions at Mission Produce

In other news, Director Jay A. Pack sold 22,000 shares of Mission Produce stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $13.41, for a total value of $295,020.00. Following the transaction, the director now owns 1,115,160 shares in the company, valued at approximately $14,954,295.60. The trade was a 1.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Taylor Family Investments, Llc sold 100,100 shares of Mission Produce stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $13.25, for a total value of $1,326,325.00. Following the completion of the transaction, the director now owns 8,630,002 shares in the company, valued at approximately $114,347,526.50. This represents a 1.15 % decrease in their position. 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 three months. Company 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.