Riverbridge Partners LLC lowered its stake in shares of Calavo Growers, Inc. (NASDAQ:CVGW) by 2.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 445,948 shares of the company’s stock after selling 13,095 shares during the quarter. Riverbridge Partners LLC’s holdings in Calavo Growers were worth $37,638,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Pinebridge Investments L.P. grew its position in Calavo Growers by 1.4% during 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 in the last quarter. DF Dent & Co. Inc. grew its position in Calavo Growers by 3.9% during the second quarter. DF Dent & Co. Inc. now owns 5,967 shares of the company’s stock worth $412,000 after buying an additional 224 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Calavo Growers by 2.8% during the second quarter. The Manufacturers Life Insurance Company now owns 12,525 shares of the company’s stock worth $864,000 after buying an additional 341 shares in the last quarter. American International Group Inc. grew its position in Calavo Growers by 6.2% during the third quarter. American International Group Inc. now owns 12,666 shares of the company’s stock worth $927,000 after buying an additional 738 shares in the last quarter. Finally, Thrivent Financial For Lutherans grew its position in Calavo Growers by 9.1% during the second quarter. Thrivent Financial For Lutherans now owns 9,320 shares of the company’s stock worth $644,000 after buying an additional 780 shares in the last quarter. 92.17% of the stock is currently owned by institutional investors and hedge funds.

Shares of Calavo Growers, Inc. (NASDAQ:CVGW) opened at $86.70 on Thursday. Calavo Growers, Inc. has a 12 month low of $48.75 and a 12 month high of $90.85. The firm has a market capitalization of $1,529.77, a price-to-earnings ratio of 40.70 and a beta of 0.65.

Calavo Growers (NASDAQ:CVGW) last released its earnings results on Tuesday, December 19th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.09. Calavo Growers had a return on equity of 16.01% and a net margin of 3.47%. The firm had revenue of $277.20 million during the quarter, compared to analysts’ expectations of $297.40 million. During the same period in the prior year, the company earned $0.53 earnings per share. The company’s quarterly revenue was up 11.9% on a year-over-year basis. equities analysts forecast that Calavo Growers, Inc. will post 2.86 EPS for the current fiscal year.

In other Calavo Growers news, insider James E. Gibson sold 10,000 shares of the company’s stock in a transaction on Wednesday, December 26th. The stock was sold at an average price of $79.14, for a total transaction of $791,400.00. Following the completion of the sale, the insider now directly owns 61,991 shares in the company, valued at $4,905,967.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Marc Laurence Brown sold 1,000 shares of the company’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $85.05, for a total value of $85,050.00. Following the sale, the director now owns 9,600 shares of the company’s stock, valued at $816,480. The disclosure for this sale can be found here. 9.90% of the stock is owned by corporate insiders.

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 report on Wednesday, December 27th. Stephens increased their price target on Calavo Growers from $85.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 20th. Lake Street Capital reissued a “buy” rating and set a $91.00 price target (up previously from $76.00) on shares of Calavo Growers in a research report on Wednesday, December 20th. Finally, Zacks Investment Research raised Calavo Growers from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $88.00.

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

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