Charles Schwab Investment Management Inc. Sells 48,184 Shares of Calavo Growers, Inc. (NASDAQ:CVGW)

Charles Schwab Investment Management Inc. reduced its position in shares of Calavo Growers, Inc. (NASDAQ:CVGW) by 15.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 262,777 shares of the company’s stock after selling 48,184 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.48% of Calavo Growers worth $7,497,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in CVGW. Price T Rowe Associates Inc. MD boosted its stake in shares of Calavo Growers by 4.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,819 shares of the company’s stock valued at $357,000 after purchasing an additional 582 shares in the last quarter. SG Americas Securities LLC lifted its position in Calavo Growers by 126.7% during the second quarter. SG Americas Securities LLC now owns 12,395 shares of the company’s stock valued at $281,000 after buying an additional 6,928 shares during the period. Bank of New York Mellon Corp grew its position in shares of Calavo Growers by 3.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 189,032 shares of the company’s stock worth $4,291,000 after buying an additional 5,655 shares during the period. Summit Securities Group LLC bought a new position in shares of Calavo Growers in the 2nd quarter worth about $56,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Calavo Growers by 40.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,831 shares of the company’s stock valued at $87,000 after acquiring an additional 1,100 shares during the period. Hedge funds and other institutional investors own 81.30% of the company’s stock.

Calavo Growers Stock Down 1.4 %

NASDAQ:CVGW opened at $26.58 on Thursday. The firm has a 50-day simple moving average of $27.56 and a two-hundred day simple moving average of $25.64. The firm has a market cap of $473.12 million, a P/E ratio of -53.16 and a beta of 0.58. Calavo Growers, Inc. has a fifty-two week low of $20.30 and a fifty-two week high of $31.26. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.77 and a current ratio of 2.04.

Calavo Growers (NASDAQ:CVGW) last announced its quarterly earnings results on Monday, September 9th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.21. The firm had revenue of $179.60 million during the quarter, compared to analyst estimates of $175.00 million. Calavo Growers had a negative net margin of 1.21% and a positive return on equity of 6.35%. Analysts predict that Calavo Growers, Inc. will post 1.31 earnings per share for the current fiscal year.

Calavo Growers Profile

Calavo Growers, Inc markets and distributes avocados, prepared avocados, and other perishable foods to retail grocery and foodservice customers, club stores, mass merchandisers, food distributors, and wholesale customers worldwide. It operates through Grown and Prepared segments. The Grown segment distributes tomatoes and papayas; and procures avocados grown in California, Mexico, Peru, and Colombia.