Barclays PLC Has $718,000 Stake in Calavo Growers, Inc. (CVGW)

Barclays PLC cut its holdings in shares of Calavo Growers, Inc. (NASDAQ:CVGW) by 41.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,826 shares of the company’s stock after selling 6,971 shares during the quarter. Barclays PLC owned about 0.06% of Calavo Growers worth $718,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Calavo Growers by 26.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 969 shares of the company’s stock valued at $71,000 after purchasing an additional 204 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of Calavo Growers by 797.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,149 shares of the company’s stock worth $111,000 after acquiring an additional 1,021 shares in the last quarter. We Are One Seven LLC acquired a new stake in shares of Calavo Growers during the 4th quarter worth about $95,000. Nisa Investment Advisors LLC raised its position in shares of Calavo Growers by 1,071.4% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,640 shares of the company’s stock worth $120,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Robertson Stephens Wealth Management LLC acquired a new stake in shares of Calavo Growers during the 4th quarter worth about $230,000. Institutional investors and hedge funds own 88.80% of the company’s stock.

In other news, insider James E. Gibson sold 5,770 shares of the business’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $82.20, for a total value of $474,294.00. Following the completion of the transaction, the insider now directly owns 52,150 shares of the company’s stock, valued at $4,286,730. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Marc Laurence Brown sold 1,000 shares of the business’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $85.07, for a total value of $85,070.00. Following the completion of the transaction, the director now directly owns 14,750 shares of the company’s stock, valued at $1,254,782.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,437 shares of company stock valued at $2,806,922. 7.30% of the stock is currently owned by insiders.

A number of research analysts recently issued reports on CVGW shares. TheStreet downgraded Calavo Growers from a “b” rating to a “c” rating in a research note on Thursday, January 3rd. Stephens started coverage on Calavo Growers in a research note on Tuesday, January 8th. They set an “overweight” rating and a $88.00 price target on the stock. BidaskClub upgraded Calavo Growers from a “sell” rating to a “hold” rating in a research note on Saturday, March 16th. Vertical Group upgraded Calavo Growers from a “hold” rating to a “buy” rating and set a $96.00 target price on the stock in a research note on Thursday, April 4th. Finally, Zacks Investment Research upgraded Calavo Growers from a “hold” rating to a “buy” rating and set a $101.00 target price on the stock in a research note on Tuesday, April 9th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $95.40.

Shares of CVGW traded down $0.31 during mid-day trading on Friday, hitting $93.33. The company’s stock had a trading volume of 79,839 shares, compared to its average volume of 140,315. The stock has a market capitalization of $1.64 billion, a P/E ratio of 37.48 and a beta of 0.94. Calavo Growers, Inc. has a 1-year low of $67.52 and a 1-year high of $108.00.

Calavo Growers (NASDAQ:CVGW) last posted its quarterly earnings results on Thursday, March 7th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.50 by $0.24. The business had revenue of $258.00 million during the quarter, compared to analysts’ expectations of $257.86 million. Calavo Growers had a return on equity of 17.32% and a net margin of 2.70%. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period last year, the firm earned $0.54 EPS. As a group, sell-side analysts expect that Calavo Growers, Inc. will post 3.17 EPS for the current fiscal year.

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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. It operates in three segments: Fresh Products, Calavo Foods, and RFG. The Fresh products segment distributes avocados and other fresh produce products; and procures avocados grown in California, Mexico, and Peru, as well as various other commodities, including tomatoes and papayas.

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

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