Verition Fund Management LLC acquired a new position in Calavo Growers, Inc. (NASDAQ:CVGW - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 26,136 shares of the company's stock, valued at approximately $746,000. Verition Fund Management LLC owned about 0.15% of Calavo Growers as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Summit Securities Group LLC purchased a new stake in Calavo Growers in the 2nd quarter valued at $56,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Calavo Growers by 40.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,831 shares of the company's stock valued at $87,000 after purchasing an additional 1,100 shares during the last quarter. LMR Partners LLP bought a new position in shares of Calavo Growers during the third quarter valued at about $253,000. SG Americas Securities LLC lifted its position in shares of Calavo Growers by 126.7% during the second quarter. SG Americas Securities LLC now owns 12,395 shares of the company's stock valued at $281,000 after purchasing an additional 6,928 shares in the last quarter. Finally, Inspire Investing LLC purchased a new position in Calavo Growers during the second quarter worth about $346,000. Institutional investors own 81.30% of the company's stock.
Calavo Growers Stock Up 2.1 %
NASDAQ:CVGW traded up $0.55 on Tuesday, hitting $26.97. The stock had a trading volume of 99,081 shares, compared to its average volume of 207,131. Calavo Growers, Inc. has a 1 year low of $20.30 and a 1 year high of $31.26. The firm's fifty day simple moving average is $27.60 and its two-hundred day simple moving average is $25.63. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.77 and a current ratio of 2.04. The stock has a market cap of $480.07 million, a P/E ratio of -53.94 and a beta of 0.58.
Calavo Growers (NASDAQ:CVGW - Get Free Report) last issued its quarterly earnings results on Monday, September 9th. The company reported $0.57 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.21. Calavo Growers had a positive return on equity of 6.35% and a negative net margin of 1.21%. The company had revenue of $179.60 million during the quarter, compared to the consensus estimate of $175.00 million. Analysts predict that Calavo Growers, Inc. will post 1.31 earnings per share for the current year.
About Calavo Growers
(
Free Report)
Calavo Growers, Inc markets and distributes avocados, prepared avocados, and other perishable foods to retail grocery and foodservice customers, club stores, mass merchandisers, food distributors, and wholesale customers worldwide. It operates through Grown and Prepared segments. The Grown segment distributes tomatoes and papayas; and procures avocados grown in California, Mexico, Peru, and Colombia.
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