Quantamental Technologies LLC Invests $98,000 in Calavo Growers, Inc. (CVGW)

Quantamental Technologies LLC bought a new stake in Calavo Growers, Inc. (NASDAQ:CVGW) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,170 shares of the company’s stock, valued at approximately $98,000.

Other institutional investors have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Calavo Growers by 16.3% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,127 shares of the company’s stock worth $94,000 after buying an additional 158 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in Calavo Growers by 956.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,612 shares of the company’s stock valued at $303,000 after purchasing an additional 3,270 shares during the last quarter. Virginia Retirement Systems ET AL raised its stake in Calavo Growers by 6.6% in the 1st quarter. Virginia Retirement Systems ET AL now owns 6,500 shares of the company’s stock valued at $545,000 after purchasing an additional 400 shares during the last quarter. Copeland Capital Management LLC raised its stake in Calavo Growers by 8.1% in the 1st quarter. Copeland Capital Management LLC now owns 301,450 shares of the company’s stock valued at $25,276,000 after purchasing an additional 22,465 shares during the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new position in Calavo Growers in the 1st quarter valued at about $425,000. 88.76% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider James E. Snyder sold 1,240 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $84.60, for a total transaction of $104,904.00. Following the completion of the transaction, the insider now owns 8,319 shares of the company’s stock, valued at approximately $703,787.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Michael A. Browne sold 3,677 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $82.79, for a total transaction of $304,418.83. Following the transaction, the vice president now directly owns 9,884 shares of the company’s stock, valued at approximately $818,296.36. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 33,437 shares of company stock valued at $2,806,922. Corporate insiders own 7.30% of the company’s stock.

NASDAQ CVGW opened at $95.77 on Friday. Calavo Growers, Inc. has a 12 month low of $67.52 and a 12 month high of $108.00. The stock has a market cap of $1.69 billion, a PE ratio of 38.46 and a beta of 0.98.

Calavo Growers (NASDAQ:CVGW) last posted its quarterly earnings data on Thursday, March 7th. The company reported $0.74 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.24. Calavo Growers had a net margin of 2.70% and a return on equity of 17.32%. The company had revenue of $258.00 million during the quarter, compared to the consensus estimate of $257.86 million. During the same quarter in the prior year, the company posted $0.54 EPS. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. Sell-side analysts forecast that Calavo Growers, Inc. will post 3.17 earnings per share for the current year.

Several research analysts recently weighed in on the stock. ValuEngine raised shares of Calavo Growers from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th. BidaskClub raised shares of Calavo Growers from a “hold” rating to a “buy” rating in a research note on Thursday, April 18th. Zacks Investment Research raised shares of Calavo Growers from a “hold” rating to a “buy” rating and set a $101.00 target price for the company in a research note on Tuesday, April 9th. Vertical Group raised shares of Calavo Growers from a “hold” rating to a “buy” rating and set a $96.00 target price for the company in a research note on Thursday, April 4th. Finally, TheStreet raised shares of Calavo Growers from a “c” rating to a “b-” rating in a research note on Monday, March 11th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $95.40.

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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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