Walleye Capital LLC Buys Shares of 151,230 Mission Produce, Inc. (NASDAQ:AVO)

Walleye Capital LLC purchased a new position in Mission Produce, Inc. (NASDAQ:AVO - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 151,230 shares of the company's stock, valued at approximately $1,939,000. Walleye Capital LLC owned approximately 0.21% of Mission Produce as of its most recent SEC filing.

A number of other large investors have also modified their holdings of AVO. Dimensional Fund Advisors LP lifted its stake in Mission Produce by 25.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,327,266 shares of the company's stock worth $13,113,000 after acquiring an additional 266,489 shares during the last quarter. Marshall Wace LLP lifted its position in shares of Mission Produce by 202.1% during the 2nd quarter. Marshall Wace LLP now owns 215,047 shares of the company's stock worth $2,125,000 after purchasing an additional 143,858 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Mission Produce during the third quarter worth $1,295,000. Wedge Capital Management L L P NC purchased a new position in Mission Produce in the third quarter valued at $955,000. Finally, Atria Investments Inc purchased a new stake in Mission Produce during the 3rd quarter worth about $424,000. Hedge funds and other institutional investors own 63.57% of the company's stock.

Insider Buying and Selling

In other news, Director Luis A. Gonzalez sold 51,615 shares of the company's stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $13.28, for a total transaction of $685,447.20. Following the transaction, the director now directly owns 7,219,614 shares of the company's stock, valued at $95,876,473.92. This represents a 0.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Taylor Family Investments, Llc sold 100,100 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $13.25, for a total transaction of $1,326,325.00. Following the completion of the transaction, the director now owns 8,630,002 shares of the company's stock, valued at $114,347,526.50. This represents a 1.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 296,059 shares of company stock valued at $3,920,360 over the last quarter. 41.60% of the stock is currently owned by insiders.

Mission Produce Stock Performance

Shares of AVO traded down $0.17 during mid-day trading on Thursday, reaching $12.56. 95,727 shares of the company's stock were exchanged, compared to its average volume of 223,887. The business's fifty day simple moving average is $12.71 and its 200-day simple moving average is $11.60. The stock has a market capitalization of $890.63 million, a PE ratio of 38.58 and a beta of 0.54. Mission Produce, Inc. has a 52-week low of $8.76 and a 52-week high of $14.17. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.02 and a quick ratio of 1.40.

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

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AVO. Roth Mkm raised their target price on Mission Produce from $14.00 to $16.00 and gave the stock a "buy" rating in a research report on Wednesday, September 11th. Lake Street Capital reissued a "buy" rating and set a $15.00 price objective on shares of Mission Produce in a report on Tuesday, September 10th.

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.