Itau Unibanco Holding S.A. acquired a new stake in shares of Calavo Growers, Inc. (NASDAQ:CVGW) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,493 shares of the company’s stock, valued at approximately $144,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CVGW. Wells Fargo & Company MN increased its position in Calavo Growers by 9.7% during the 1st quarter. Wells Fargo & Company MN now owns 179,855 shares of the company’s stock valued at $16,583,000 after purchasing an additional 15,867 shares during the period. Rhumbline Advisers increased its position in Calavo Growers by 3.2% during the 1st quarter. Rhumbline Advisers now owns 37,409 shares of the company’s stock valued at $3,449,000 after purchasing an additional 1,167 shares during the period. SG Americas Securities LLC purchased a new position in Calavo Growers during the 1st quarter valued at $142,000. Victory Capital Management Inc. increased its position in Calavo Growers by 448.5% during the 1st quarter. Victory Capital Management Inc. now owns 290,379 shares of the company’s stock valued at $26,773,000 after purchasing an additional 237,435 shares during the period. Finally, Prudential Financial Inc. increased its position in Calavo Growers by 5.9% during the 1st quarter. Prudential Financial Inc. now owns 28,216 shares of the company’s stock valued at $2,602,000 after purchasing an additional 1,580 shares during the period. Hedge funds and other institutional investors own 90.71% of the company’s stock.

A number of brokerages have issued reports on CVGW. BidaskClub raised shares of Calavo Growers from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 25th. Zacks Investment Research raised shares of Calavo Growers from a “sell” rating to a “hold” rating in a research report on Tuesday, August 14th. Buckingham Research downgraded shares of Calavo Growers from a “buy” rating to a “neutral” rating and set a $98.00 price objective on the stock. in a research report on Tuesday, September 4th. They noted that the move was a valuation call. Lake Street Capital set a $109.00 price objective on shares of Calavo Growers and gave the company a “buy” rating in a research report on Friday. Finally, Vertical Group downgraded shares of Calavo Growers from a “buy” rating to a “hold” rating in a research report on Tuesday, August 7th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Calavo Growers currently has a consensus rating of “Buy” and a consensus target price of $101.50.

NASDAQ:CVGW opened at $107.15 on Tuesday. The stock has a market capitalization of $1.88 billion, a PE ratio of 38.39 and a beta of 0.52. Calavo Growers, Inc. has a 1-year low of $67.75 and a 1-year high of $108.00.

Calavo Growers (NASDAQ:CVGW) last released its earnings results on Wednesday, September 5th. The company reported $0.86 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.08. The firm had revenue of $296.50 million for the quarter, compared to the consensus estimate of $305.12 million. Calavo Growers had a net margin of 4.04% and a return on equity of 18.68%. The company’s revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.50 EPS. research analysts anticipate that Calavo Growers, Inc. will post 2.97 earnings per share for the current fiscal year.

In other news, Director John M. Hunt sold 12,500 shares of the company’s stock in a transaction dated Wednesday, June 13th. The shares were sold at an average price of $87.63, for a total value of $1,095,375.00. Following the sale, the director now directly owns 29,000 shares of the company’s stock, valued at approximately $2,541,270. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Der Kar Scott Van sold 1,000 shares of the company’s stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $100.00, for a total transaction of $100,000.00. The disclosure for this sale can be found here. Insiders sold a total of 20,828 shares of company stock worth $1,885,664 over the last ninety days. Insiders own 8.40% of the company’s stock.

Calavo Growers Company Profile

Calavo Growers, Inc markets and distributes avocados, prepared avocados, and other perishable foods to grocery retailers, food services, club stores, mass merchandisers, food distributors, wholesalers, supermarkets, specialty/natural retailers, and convenience stores worldwide. It operates in three segments: Fresh Products, Calavo Foods, and RFG.

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

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