Limoneira (NASDAQ:LMNR) Lowered to “Sell” at StockNews.com

Limoneira (NASDAQ:LMNR) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Saturday.

A number of other equities research analysts also recently issued reports on the stock. Roth Mkm increased their target price on shares of Limoneira from $17.00 to $23.00 and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. TheStreet downgraded shares of Limoneira from a “b-” rating to a “c+” rating in a research report on Tuesday, January 30th.

Limoneira Stock Up 0.6 %

Shares of NASDAQ:LMNR opened at $19.85 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.84 and a current ratio of 0.92. The company has a market cap of $357.30 million, a PE ratio of -34.22, a price-to-earnings-growth ratio of 10.29 and a beta of 0.55. Limoneira has a 52 week low of $13.88 and a 52 week high of $21.62. The firm has a 50 day simple moving average of $18.96 and a 200 day simple moving average of $17.78.

Limoneira (NASDAQ:LMNR) last issued its quarterly earnings results on Thursday, March 7th. The company reported ($0.23) EPS for the quarter, beating the consensus estimate of ($0.28) by $0.05. The business had revenue of $39.73 million during the quarter, compared to the consensus estimate of $39.07 million. Limoneira had a negative net margin of 5.40% and a negative return on equity of 1.16%. During the same quarter in the prior year, the firm earned ($0.53) EPS. As a group, research analysts expect that Limoneira will post 0.13 earnings per share for the current year.

Institutional Investors Weigh In On Limoneira

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Global Alpha Capital Management Ltd. lifted its position in Limoneira by 2.3% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 2,980,140 shares of the company’s stock worth $45,656,000 after buying an additional 66,000 shares in the last quarter. First Wilshire Securities Management Inc. raised its holdings in shares of Limoneira by 15.9% during the 3rd quarter. First Wilshire Securities Management Inc. now owns 725,884 shares of the company’s stock valued at $11,121,000 after purchasing an additional 99,641 shares in the last quarter. Gamco Investors INC. ET AL raised its holdings in shares of Limoneira by 24.5% during the 3rd quarter. Gamco Investors INC. ET AL now owns 152,300 shares of the company’s stock valued at $2,333,000 after purchasing an additional 30,000 shares in the last quarter. White Pine Capital LLC raised its holdings in shares of Limoneira by 13.9% during the 4th quarter. White Pine Capital LLC now owns 112,661 shares of the company’s stock valued at $2,324,000 after purchasing an additional 13,743 shares in the last quarter. Finally, Riverwater Partners LLC raised its holdings in shares of Limoneira by 1.3% during the 4th quarter. Riverwater Partners LLC now owns 110,759 shares of the company’s stock valued at $2,285,000 after purchasing an additional 1,423 shares in the last quarter. Hedge funds and other institutional investors own 64.35% of the company’s stock.

Limoneira Company Profile

Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally. The company operates through three divisions: Agribusiness, Rental Operations, and Real Estate Development. It grows, processes, packs, markets, and sells lemons. The company also grows avocado, oranges, and specialty citrus and other crops, including Moro blood oranges, Cara Cara oranges, Valencia oranges, Minneola tangelos, Star Ruby grapefruit, pummelos, and wine grapes.