Bank of Montreal Can lifted its stake in Limoneira (NASDAQ:LMNR) by 6,740.2% during the third quarter, Holdings Channel reports. The fund owned 5,951 shares of the company’s stock after purchasing an additional 5,864 shares during the quarter. Bank of Montreal Can’s holdings in Limoneira were worth $155,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Northern Trust Corp grew its stake in shares of Limoneira by 6.4% during the second quarter. Northern Trust Corp now owns 144,290 shares of the company’s stock valued at $3,551,000 after purchasing an additional 8,672 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of Limoneira by 52.0% during the second quarter. Advisors Asset Management Inc. now owns 24,488 shares of the company’s stock valued at $603,000 after purchasing an additional 8,374 shares during the last quarter. California Public Employees Retirement System grew its stake in shares of Limoneira by 5.7% during the second quarter. California Public Employees Retirement System now owns 45,461 shares of the company’s stock valued at $1,119,000 after purchasing an additional 2,461 shares during the last quarter. Millennium Management LLC bought a new stake in shares of Limoneira during the second quarter valued at approximately $718,000. Finally, First Wilshire Securities Management Inc. grew its stake in shares of Limoneira by 17.2% during the second quarter. First Wilshire Securities Management Inc. now owns 165,713 shares of the company’s stock valued at $4,078,000 after purchasing an additional 24,326 shares during the last quarter. 49.38% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have issued reports on LMNR shares. Zacks Investment Research raised shares of Limoneira from a “sell” rating to a “hold” rating in a research note on Wednesday, August 29th. Buckingham Research raised their price objective on shares of Limoneira from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, September 11th. Lake Street Capital set a $31.00 price objective on shares of Limoneira and gave the company a “buy” rating in a research note on Tuesday, September 11th. ValuEngine cut shares of Limoneira from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. Finally, BidaskClub cut shares of Limoneira from a “buy” rating to a “hold” rating in a research note on Saturday, November 17th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Limoneira currently has an average rating of “Buy” and a consensus target price of $29.50.

In other news, Director John W.H. Merriman sold 2,200 shares of Limoneira stock in a transaction on Thursday, September 20th. The shares were sold at an average price of $28.01, for a total transaction of $61,622.00. Following the transaction, the director now directly owns 1,218 shares of the company’s stock, valued at $34,116.18. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 4.50% of the stock is currently owned by company insiders.

Shares of LMNR stock opened at $24.79 on Thursday. Limoneira has a 52-week low of $19.62 and a 52-week high of $33.42. The company has a market capitalization of $433.08 million, a price-to-earnings ratio of 59.02, a price-to-earnings-growth ratio of 1.76 and a beta of 0.85. The company has a current ratio of 0.99, a quick ratio of 0.81 and a debt-to-equity ratio of 0.31.

Limoneira (NASDAQ:LMNR) last announced its quarterly earnings data on Monday, September 10th. The company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.05). Limoneira had a net margin of 15.91% and a return on equity of 6.46%. The business had revenue of $39.95 million during the quarter, compared to the consensus estimate of $37.68 million. As a group, equities analysts anticipate that Limoneira will post 0.66 earnings per share for the current year.

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Limoneira Company Profile

Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally. The company operates through six segments: Fresh Lemons, Lemon Packing, Avocados, Other Agribusiness, Rental Operations, and Real Estate Development. The Fresh Lemons segment markets and sells lemons directly to food service, wholesale, and retail customers.

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Institutional Ownership by Quarter for Limoneira (NASDAQ:LMNR)

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