Nuance Investments LLC Lowers Stock Position in Mission Produce, Inc. (NASDAQ:AVO)

Nuance Investments LLC lessened its holdings in Mission Produce, Inc. (NASDAQ:AVO - Free Report) by 33.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,954,991 shares of the company's stock after selling 967,988 shares during the quarter. Mission Produce makes up approximately 1.1% of Nuance Investments LLC's investment portfolio, making the stock its 26th largest position. Nuance Investments LLC owned 2.76% of Mission Produce worth $28,093,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. R Squared Ltd bought a new position in Mission Produce during the fourth quarter worth $34,000. New York State Teachers Retirement System bought a new stake in Mission Produce in the fourth quarter worth approximately $57,000. Quantbot Technologies LP acquired a new position in Mission Produce in the third quarter valued at approximately $76,000. Quarry LP acquired a new stake in shares of Mission Produce during the 3rd quarter worth approximately $114,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Mission Produce during the 4th quarter worth approximately $114,000. 63.57% of the stock is currently owned by institutional investors and hedge funds.

Mission Produce Stock Down 1.5 %

Shares of Mission Produce stock traded down $0.15 during trading on Friday, reaching $10.12. 338,095 shares of the company traded hands, compared to its average volume of 280,733. The firm has a market capitalization of $719.25 million, a PE ratio of 19.84 and a beta of 0.47. Mission Produce, Inc. has a 1-year low of $9.54 and a 1-year high of $15.25. The company has a 50 day moving average price of $11.44 and a 200-day moving average price of $12.43. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.87 and a quick ratio of 1.26.

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Insider Transactions at Mission Produce

In other Mission Produce news, CEO Stephen J. Barnard sold 7,032 shares of the company's stock in a transaction on Monday, December 30th. The shares were sold at an average price of $14.51, for a total transaction of $102,034.32. Following the transaction, the chief executive officer now owns 1,787,450 shares in the company, valued at approximately $25,935,899.50. This represents a 0.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Juan R. Wiesner sold 21,892 shares of Mission Produce stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $10.05, for a total transaction of $220,014.60. Following the transaction, the insider now owns 21,412 shares of the company's stock, valued at $215,190.60. This represents a 50.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 138,285 shares of company stock valued at $1,572,120 in the last 90 days. 35.41% of the stock is currently owned by corporate insiders.

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.