Calavo Growers, Inc. (CVGW) Stake Increased by Mason Street Advisors LLC

Mason Street Advisors LLC raised its stake in Calavo Growers, Inc. (NASDAQ:CVGW) by 7.0% during the first quarter, Holdings Channel reports. The fund owned 3,589 shares of the company’s stock after buying an additional 236 shares during the period. Mason Street Advisors LLC’s holdings in Calavo Growers were worth $217,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Quadrature Capital Ltd acquired a new stake in shares of Calavo Growers during the fourth quarter valued at approximately $526,000. Thrivent Financial for Lutherans increased its stake in shares of Calavo Growers by 5.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 8,230 shares of the company’s stock valued at $505,000 after buying an additional 440 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in shares of Calavo Growers by 5.1% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 6,200 shares of the company’s stock valued at $381,000 after buying an additional 300 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Calavo Growers by 42.2% in the fourth quarter. AQR Capital Management LLC now owns 13,468 shares of the company’s stock valued at $827,000 after buying an additional 3,994 shares during the last quarter. Finally, Guggenheim Capital LLC increased its stake in shares of Calavo Growers by 88.7% in the fourth quarter. Guggenheim Capital LLC now owns 40,543 shares of the company’s stock valued at $2,490,000 after buying an additional 19,053 shares during the last quarter. 82.28% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Calavo Growers (NASDAQ:CVGW)

Shares of Calavo Growers, Inc. (CVGW) opened at 69.50 on Monday. Calavo Growers, Inc. has a 1-year low of $48.75 and a 1-year high of $76.85. The firm has a 50 day moving average price of $68.72 and a 200 day moving average price of $61.73. The firm has a market cap of $1.22 billion, a P/E ratio of 30.23 and a beta of 0.55.

Calavo Growers (NASDAQ:CVGW) last announced its quarterly earnings data on Tuesday, June 6th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.08. Calavo Growers had a net margin of 3.99% and a return on equity of 18.38%. The firm had revenue of $270.20 million for the quarter, compared to analyst estimates of $259.79 million. During the same quarter in the prior year, the business earned $0.56 earnings per share. The business’s quarterly revenue was up 22.7% compared to the same quarter last year. Analysts anticipate that Calavo Growers, Inc. will post $2.47 EPS for the current year.

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Several brokerages recently commented on CVGW. Stephens reaffirmed an “overweight” rating and set a $85.00 price objective (up previously from $75.00) on shares of Calavo Growers in a research note on Friday, June 9th. BidaskClub raised Calavo Growers from a “hold” rating to a “buy” rating in a research note on Friday, June 9th. Finally, Zacks Investment Research downgraded Calavo Growers from a “hold” rating to a “sell” rating in a research note on Tuesday, April 25th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Calavo Growers presently has a consensus rating of “Buy” and a consensus target price of $77.00.

In related news, Chairman Lecil E. Cole acquired 42,942 shares of the company’s stock in a transaction dated Tuesday, April 11th. The shares were purchased at an average price of $61.78 per share, for a total transaction of $2,652,956.76. Following the completion of the acquisition, the chairman now owns 604,923 shares of the company’s stock, valued at $37,372,142.94. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Marc Laurence Brown sold 750 shares of the company’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $75.10, for a total transaction of $56,325.00. Following the transaction, the director now owns 10,100 shares in the company, valued at approximately $758,510. The disclosure for this sale can be found here. 9.90% of the stock is currently owned by corporate insiders.

About Calavo Growers

Calavo Growers, Inc operates in the avocado industry. The Company provides value-added fresh food. The Company distributes its products both domestically and internationally and internationally. It operates in three business segments: Fresh products, Calavo Foods and Renaissance Food Group, LLC (RFG).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:CVGW”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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