Squarepoint Ops LLC Cuts Position in Calavo Growers, Inc. $CVGW

Squarepoint Ops LLC lowered its position in Calavo Growers, Inc. (NASDAQ:CVGW) by 65.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,990 shares of the company’s stock after selling 43,647 shares during the quarter. Squarepoint Ops LLC owned approximately 0.13% of Calavo Growers worth $611,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CVGW. Spire Wealth Management acquired a new stake in shares of Calavo Growers in the 2nd quarter valued at $30,000. Tower Research Capital LLC TRC increased its holdings in Calavo Growers by 673.0% in the second quarter. Tower Research Capital LLC TRC now owns 2,775 shares of the company’s stock valued at $74,000 after buying an additional 2,416 shares during the last quarter. Lazard Asset Management LLC raised its stake in Calavo Growers by 224.8% in the second quarter. Lazard Asset Management LLC now owns 7,468 shares of the company’s stock valued at $198,000 after buying an additional 5,169 shares in the last quarter. CWM LLC lifted its holdings in Calavo Growers by 280.0% during the 2nd quarter. CWM LLC now owns 8,751 shares of the company’s stock worth $233,000 after buying an additional 6,448 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Calavo Growers by 4.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,985 shares of the company’s stock worth $240,000 after acquiring an additional 390 shares in the last quarter. Institutional investors and hedge funds own 81.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Stephens raised Calavo Growers to a “hold” rating in a research report on Thursday, September 11th. Lake Street Capital raised their price objective on shares of Calavo Growers from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, September 10th. Wall Street Zen downgraded shares of Calavo Growers from a “buy” rating to a “hold” rating in a research report on Saturday, December 13th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Calavo Growers in a research report on Monday. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $40.00.

Calavo Growers Price Performance

CVGW stock opened at $21.64 on Wednesday. The company has a current ratio of 2.30, a quick ratio of 1.86 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $386.27 million, a P/E ratio of 24.59 and a beta of 0.37. The business has a 50 day simple moving average of $21.56 and a 200-day simple moving average of $24.94. Calavo Growers, Inc. has a twelve month low of $18.40 and a twelve month high of $28.72.

About Calavo Growers

Calavo Growers, Inc (NASDAQ:CVGW), founded in 1924 and headquartered in Santa Paula, California, is a global supplier and distributor of fresh avocados and perishable foods. The company partners with growers in key producing regions to source, ripen and package whole avocados for retail, wholesale and foodservice customers. Calavo’s commitment to quality and food safety underpins its position as a trusted link between growers and end-markets.

The company operates two segments: Fresh and Calavo Foods.