Weiss Asset Management LP Takes Position in Calavo Growers, Inc. (NASDAQ:CVGW)

Weiss Asset Management LP bought a new stake in shares of Calavo Growers, Inc. (NASDAQ:CVGW - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 48,314 shares of the company's stock, valued at approximately $1,378,000. Weiss Asset Management LP owned 0.27% of Calavo Growers as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of CVGW. Nuance Investments LLC increased its holdings in Calavo Growers by 25.1% during the third quarter. Nuance Investments LLC now owns 1,636,969 shares of the company's stock valued at $46,703,000 after buying an additional 328,820 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Calavo Growers by 1.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 718,914 shares of the company's stock valued at $16,319,000 after acquiring an additional 9,034 shares during the period. Deprince Race & Zollo Inc. raised its position in shares of Calavo Growers by 40.7% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 356,319 shares of the company's stock worth $8,088,000 after acquiring an additional 103,024 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in shares of Calavo Growers by 1.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 267,268 shares of the company's stock worth $7,625,000 after purchasing an additional 4,307 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in Calavo Growers by 246.7% during the second quarter. American Century Companies Inc. now owns 261,316 shares of the company's stock valued at $5,932,000 after purchasing an additional 185,946 shares in the last quarter. Institutional investors own 81.30% of the company's stock.

Calavo Growers Stock Down 1.4 %

CVGW traded down $0.37 on Friday, hitting $25.92. The company had a trading volume of 145,877 shares, compared to its average volume of 109,838. The stock has a market capitalization of $461.38 million, a price-to-earnings ratio of -51.84 and a beta of 0.58. 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 fifty day moving average price of $27.68 and a 200-day moving average price of $25.63. Calavo Growers, Inc. has a 12-month low of $20.30 and a 12-month high of $31.26.

Calavo Growers (NASDAQ:CVGW - Get Free Report) last issued its quarterly earnings data on Monday, September 9th. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.21. Calavo Growers had a negative net margin of 1.21% and a positive return on equity of 6.35%. The firm had revenue of $179.60 million for the quarter, compared to the consensus estimate of $175.00 million. Analysts predict that Calavo Growers, Inc. will post 1.31 EPS for the current fiscal year.

Calavo Growers Company Profile

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.