8,707 Shares in Calavo Growers, Inc. (NASDAQ:CVGW) Bought by Tudor Investment Corp Et Al

Tudor Investment Corp Et Al acquired a new position in shares of Calavo Growers, Inc. (NASDAQ:CVGW – Get Rating) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,707 shares of the company’s stock, valued at approximately $276,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Texas Permanent School Fund increased its holdings in Calavo Growers by 2.2% in the 2nd quarter. Texas Permanent School Fund now owns 12,805 shares of the company’s stock worth $534,000 after purchasing an additional 272 shares in the last quarter. Captrust Financial Advisors increased its holdings in Calavo Growers by 17.0% in the 2nd quarter. Captrust Financial Advisors now owns 2,089 shares of the company’s stock worth $87,000 after purchasing an additional 303 shares in the last quarter. Advisor Group Holdings Inc. increased its holdings in Calavo Growers by 5.5% in the 1st quarter. Advisor Group Holdings Inc. now owns 7,365 shares of the company’s stock worth $270,000 after purchasing an additional 384 shares in the last quarter. Mutual of America Capital Management LLC increased its holdings in Calavo Growers by 16.8% in the 2nd quarter. Mutual of America Capital Management LLC now owns 2,976 shares of the company’s stock worth $124,000 after purchasing an additional 429 shares in the last quarter. Finally, FMR LLC increased its holdings in Calavo Growers by 102.2% in the 2nd quarter. FMR LLC now owns 910 shares of the company’s stock worth $38,000 after purchasing an additional 460 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

Analyst Ratings Changes

CVGW has been the subject of a number of recent research reports. Stephens lowered their target price on Calavo Growers from $39.00 to $35.00 and set an “equal weight” rating for the company in a report on Tuesday. Lake Street Capital decreased their price target on Calavo Growers from $50.00 to $38.00 and set a “buy” rating for the company in a research note on Tuesday.

Calavo Growers Trading Down 0.3 %

Shares of CVGW stock opened at $24.34 on Friday. The stock has a 50-day moving average of $31.59 and a 200-day moving average of $33.59. Calavo Growers, Inc. has a 1-year low of $22.64 and a 1-year high of $45.50. The stock has a market cap of $431.79 million, a price-to-earnings ratio of -81.13 and a beta of 0.70. The company has a current ratio of 1.26, a quick ratio of 0.85 and a debt-to-equity ratio of 0.10.

Calavo Growers (NASDAQ:CVGW – Get Rating) last released its earnings results on Monday, March 6th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.24 by ($0.32). Calavo Growers had a positive return on equity of 3.52% and a negative net margin of 0.46%. The business had revenue of $226.20 million for the quarter, compared to analyst estimates of $265.86 million. During the same period in the prior year, the business earned ($0.02) EPS. The company’s revenue for the quarter was down 17.5% on a year-over-year basis. On average, equities research analysts forecast that Calavo Growers, Inc. will post 1.71 earnings per share for the current year.

Calavo Growers Profile

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Calavo Growers, Inc engages in the marketing and distribution of avocados, prepared avocado products, and other perishable foods. It operates through the Grown and Prepared segments. The Grown segment consists of fresh avocados, tomatoes, and papayas. The Prepared segment includes all other products including fresh-cut fruits and vegetables, ready-to-eat sandwiches, wraps, salads and snacks, guacamole, and salsa.