Calavo Growers, Inc. $CVGW Shares Acquired by Nuance Investments LLC

Nuance Investments LLC lifted its stake in shares of Calavo Growers, Inc. (NASDAQ:CVGW) by 136.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 546,933 shares of the company’s stock after purchasing an additional 315,280 shares during the quarter. Calavo Growers comprises about 1.3% of Nuance Investments LLC’s investment portfolio, making the stock its 21st largest position. Nuance Investments LLC’s holdings in Calavo Growers were worth $11,896,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Calavo Growers by 4.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,985 shares of the company’s stock worth $240,000 after purchasing an additional 390 shares during the period. Engineers Gate Manager LP grew its stake in Calavo Growers by 1.1% in the 2nd quarter. Engineers Gate Manager LP now owns 38,354 shares of the company’s stock valued at $1,020,000 after acquiring an additional 422 shares during the last quarter. Van ECK Associates Corp grew its stake in Calavo Growers by 23.1% in the 3rd quarter. Van ECK Associates Corp now owns 3,648 shares of the company’s stock valued at $94,000 after acquiring an additional 685 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in Calavo Growers by 7.0% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 10,956 shares of the company’s stock valued at $282,000 after acquiring an additional 716 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in Calavo Growers by 3.4% in the 3rd quarter. Rhumbline Advisers now owns 26,412 shares of the company’s stock valued at $680,000 after acquiring an additional 867 shares during the last quarter. 81.30% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Calavo Growers from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, March 9th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Calavo Growers currently has an average rating of “Hold” and a consensus price target of $33.50.

Calavo Growers Price Performance

Calavo Growers stock opened at $26.09 on Friday. Calavo Growers, Inc. has a 12-month low of $18.40 and a 12-month high of $28.98. The stock has a market capitalization of $466.33 million, a P/E ratio of 29.31 and a beta of 0.44. The firm’s 50-day moving average is $27.00 and its two-hundred day moving average is $24.69. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.21 and a quick ratio of 1.66.

Calavo Growers (NASDAQ:CVGW) last released its quarterly earnings results on Thursday, March 12th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.05. Calavo Growers had a net margin of 2.61% and a return on equity of 12.81%. The company had revenue of $122.20 million for the quarter, compared to analysts’ expectations of $138.45 million.

Calavo Growers Company Profile

Calavo Growers, Inc (NASDAQ:CVGW), founded in 1924 and headquartered in Santa Paula, California, is a global supplier and distributor of fresh avocados and perishable foods. The company partners with growers in key producing regions to source, ripen and package whole avocados for retail, wholesale and foodservice customers. Calavo’s commitment to quality and food safety underpins its position as a trusted link between growers and end-markets.

The company operates two segments: Fresh and Calavo Foods.