Calavo Growers, Inc. (CVGW) Holdings Held by L & S Advisors Inc
L & S Advisors Inc continued to hold its stake in shares of Calavo Growers, Inc. (NASDAQ:CVGW) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,750 shares of the company’s stock at the end of the 2nd quarter. L & S Advisors Inc’s holdings in Calavo Growers were worth $259,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Acrospire Investment Management LLC boosted its position in shares of Calavo Growers by 561.8% during the second quarter. Acrospire Investment Management LLC now owns 1,767 shares of the company’s stock valued at $122,000 after buying an additional 1,500 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Calavo Growers by 54.7% in the first quarter. Victory Capital Management Inc. now owns 2,077 shares of the company’s stock worth $126,000 after buying an additional 734 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Calavo Growers in the second quarter worth approximately $128,000. PNC Financial Services Group Inc. raised its holdings in shares of Calavo Growers by 7.0% in the first quarter. PNC Financial Services Group Inc. now owns 2,169 shares of the company’s stock worth $131,000 after buying an additional 142 shares during the period. Finally, Pinebridge Investments L.P. raised its holdings in shares of Calavo Growers by 1.4% in the second quarter. Pinebridge Investments L.P. now owns 2,031 shares of the company’s stock worth $140,000 after buying an additional 29 shares during the period. 86.93% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts recently issued reports on the company. BidaskClub raised Calavo Growers from a “hold” rating to a “buy” rating in a research note on Friday, June 9th. Zacks Investment Research raised Calavo Growers from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. Buckingham Research reduced their target price on Calavo Growers from $83.00 to $82.00 and set a “buy” rating on the stock in a research note on Friday, August 18th. Finally, Stephens reiterated an “overweight” rating and issued a $85.00 target price (up previously from $75.00) on shares of Calavo Growers in a research note on Friday, June 9th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $79.40.
Shares of Calavo Growers, Inc. (NASDAQ CVGW) traded down 0.40% during trading on Tuesday, reaching $74.50. 10,002 shares of the company’s stock were exchanged. Calavo Growers, Inc. has a 12-month low of $48.75 and a 12-month high of $76.85. The stock has a market cap of $1.31 billion, a P/E ratio of 35.99 and a beta of 0.69. The company has a 50 day moving average of $70.38 and a 200 day moving average of $68.32.
Calavo Growers (NASDAQ:CVGW) last issued its quarterly earnings data on Wednesday, September 6th. The company reported $0.50 EPS for the quarter, hitting the consensus estimate of $0.50. Calavo Growers had a net margin of 3.46% and a return on equity of 16.07%. The firm had revenue of $301.65 million for the quarter, compared to analyst estimates of $278.66 million. During the same period in the prior year, the business posted $0.73 EPS. The business’s revenue for the quarter was up 14.6% compared to the same quarter last year. Equities research analysts anticipate that Calavo Growers, Inc. will post $2.06 EPS for the current year.
In related news, Director Kathleen M. Holmgren bought 1,000 shares of the company’s stock in a transaction that occurred on Thursday, July 6th. The stock was purchased at an average price of $68.00 per share, for a total transaction of $68,000.00. Following the acquisition, the director now owns 2,750 shares of the company’s stock, valued at $187,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 9.90% of the company’s stock.
About Calavo Growers
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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