Capstone Asset Management Co. reduced its stake in shares of Calavo Growers, Inc. (NASDAQ:CVGW) by 3.0% during the second quarter, Holdings Channel reports. The fund owned 4,933 shares of the company’s stock after selling 150 shares during the period. Capstone Asset Management Co.’s holdings in Calavo Growers were worth $341,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of CVGW. Capital One National Association raised its position in shares of Calavo Growers by 1.3% in the second quarter. Capital One National Association now owns 10,823 shares of the company’s stock valued at $747,000 after buying an additional 135 shares during the last quarter. Nuveen Asset Management LLC raised its position in shares of Calavo Growers by 39.9% in the first quarter. Nuveen Asset Management LLC now owns 7,647 shares of the company’s stock valued at $463,000 after buying an additional 2,181 shares during the last quarter. Point72 Asset Management L.P. bought a new position in shares of Calavo Growers during the first quarter valued at $11,229,000. Ranger Investment Management L.P. raised its position in shares of Calavo Growers by 41.2% in the first quarter. Ranger Investment Management L.P. now owns 466,676 shares of the company’s stock valued at $28,281,000 after buying an additional 136,237 shares during the last quarter. Finally, Otter Creek Advisors LLC raised its position in shares of Calavo Growers by 0.9% in the first quarter. Otter Creek Advisors LLC now owns 267,995 shares of the company’s stock valued at $16,240,000 after buying an additional 2,297 shares during the last quarter. 83.26% of the stock is currently owned by institutional investors.

Calavo Growers, Inc. (CVGW) traded down 0.76% during trading on Thursday, hitting $71.70. 18,180 shares of the company traded hands. Calavo Growers, Inc. has a 12-month low of $48.75 and a 12-month high of $76.85. The company has a market capitalization of $1.26 billion, a P/E ratio of 31.19 and a beta of 0.62. The stock has a 50 day moving average price of $70.95 and a 200 day moving average price of $64.55.

Calavo Growers (NASDAQ:CVGW) last issued its earnings results on Tuesday, June 6th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.08. The business had revenue of $270.20 million during the quarter, compared to analyst estimates of $259.79 million. Calavo Growers had a return on equity of 18.38% and a net margin of 3.99%. Calavo Growers’s revenue for the quarter was up 22.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.56 earnings per share. On average, equities analysts anticipate that Calavo Growers, Inc. will post $2.39 earnings per share for the current year.

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Several brokerages have recently weighed in on CVGW. BidaskClub raised shares of Calavo Growers from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Zacks Investment Research raised shares of Calavo Growers from a “hold” rating to a “strong-buy” rating and set a $79.00 price objective on the stock in a research report on Wednesday, June 28th. Finally, Stephens reissued an “overweight” rating and issued a $85.00 price objective (up from $75.00) on shares of Calavo Growers in a research report on Friday, June 9th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $78.75.

In other news, Director Kathleen M. Holmgren bought 1,000 shares of the business’s stock in a transaction on Thursday, July 6th. The stock was acquired at an average price of $68.00 per share, with a total value of $68,000.00. Following the completion of the purchase, the director now directly owns 2,750 shares in the company, valued at $187,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Marc Laurence Brown sold 750 shares of the company’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $75.10, for a total value of $56,325.00. Following the completion of the sale, the director now directly owns 10,100 shares of the company’s stock, valued at approximately $758,510. The disclosure for this sale can be found here. 9.90% of the stock is owned by corporate insiders.

Calavo Growers Company Profile

Calavo Growers, Inc operates in the avocado industry. The Company provides value-added fresh food. The Company distributes its products both domestically and internationally and internationally. It operates in three business segments: Fresh products, Calavo Foods and Renaissance Food Group, LLC (RFG).

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Institutional Ownership by Quarter for Calavo Growers (NASDAQ:CVGW)

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