Raymond James & Associates grew its holdings in Coffee Holding Co., Inc. (NASDAQ:JVA – Free Report) by 78.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,000 shares of the company’s stock after purchasing an additional 17,200 shares during the period. Raymond James & Associates’ holdings in Coffee were worth $54,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of JVA. Susquehanna International Group LLP bought a new stake in shares of Coffee in the first quarter worth $27,000. Millennium Management LLC bought a new stake in shares of Coffee in the fourth quarter worth $43,000. Ancora Advisors LLC grew its holdings in shares of Coffee by 9.4% in the first quarter. Ancora Advisors LLC now owns 183,907 shares of the company’s stock worth $344,000 after acquiring an additional 15,829 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in shares of Coffee by 2.1% in the second quarter. Renaissance Technologies LLC now owns 389,664 shares of the company’s stock worth $951,000 after acquiring an additional 8,120 shares during the period.
Coffee Price Performance
NASDAQ:JVA opened at $0.84 on Wednesday. The stock has a 50-day simple moving average of $0.86 and a two-hundred day simple moving average of $1.26. Coffee Holding Co., Inc. has a 52-week low of $0.67 and a 52-week high of $2.78.
Analyst Ratings Changes
Separately, StockNews.com assumed coverage on Coffee in a report on Wednesday, November 8th. They set a “hold” rating for the company.
Coffee Company Profile
Coffee Holding Co, Inc manufactures, roasts, packages, markets, and distributes roasted and blended coffees in the United States, Australia, Canada, England, and China. The company offers wholesale green coffee products, which include unroasted raw beans of varieties that are sold to large, medium, and small roasters, as well as coffee shop operators.
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