Calavo Growers, Inc. $CVGW Shares Sold by American Century Companies Inc.

American Century Companies Inc. lessened its position in shares of Calavo Growers, Inc. (NASDAQ:CVGW) by 41.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 229,540 shares of the company’s stock after selling 164,189 shares during the period. American Century Companies Inc. owned approximately 1.29% of Calavo Growers worth $6,103,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CVGW. US Bancorp DE grew its holdings in shares of Calavo Growers by 4.4% during the 1st quarter. US Bancorp DE now owns 9,136 shares of the company’s stock worth $219,000 after purchasing an additional 384 shares during the period. Vanguard Group Inc. raised its holdings in Calavo Growers by 1.2% in the first quarter. Vanguard Group Inc. now owns 1,161,996 shares of the company’s stock valued at $27,876,000 after buying an additional 13,491 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Calavo Growers by 0.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 206,410 shares of the company’s stock valued at $4,952,000 after buying an additional 669 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Calavo Growers during the first quarter valued at approximately $297,000. Finally, Virtu Financial LLC purchased a new stake in Calavo Growers during the first quarter worth approximately $219,000. 81.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on CVGW. Weiss Ratings reissued a “hold (c)” rating on shares of Calavo Growers in a research note on Monday, December 1st. Stephens upgraded Calavo Growers to a “hold” rating in a report on Thursday, September 11th. Lake Street Capital raised their price objective on Calavo Growers from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, September 10th. Finally, Wall Street Zen raised Calavo Growers from a “hold” rating to a “buy” rating in a research report on Saturday, October 11th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $40.00.

Calavo Growers Price Performance

Shares of NASDAQ CVGW opened at $20.67 on Friday. The company has a quick ratio of 1.86, a current ratio of 2.30 and a debt-to-equity ratio of 0.02. Calavo Growers, Inc. has a fifty-two week low of $18.40 and a fifty-two week high of $28.72. The business has a 50 day moving average price of $22.52 and a two-hundred day moving average price of $25.39. The firm has a market cap of $368.96 million, a PE ratio of 23.49 and a beta of 0.37.

Calavo Growers (NASDAQ:CVGW) last released its earnings results on Tuesday, September 9th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.54 by $0.03. Calavo Growers had a return on equity of 11.73% and a net margin of 2.28%.The company had revenue of $178.82 million during the quarter, compared to analysts’ expectations of $195.20 million. During the same period in the prior year, the business posted $0.57 EPS. The business’s revenue was down .4% on a year-over-year basis. Sell-side analysts expect that Calavo Growers, Inc. will post 1.87 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.