Calavo Growers, Inc. (NASDAQ:CVGW) Shares Sold by We Are One Seven LLC

We Are One Seven LLC cut its holdings in shares of Calavo Growers, Inc. (NASDAQ:CVGW) by 16.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,214 shares of the company’s stock after selling 422 shares during the quarter. We Are One Seven LLC’s holdings in Calavo Growers were worth $214,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund lifted its holdings in Calavo Growers by 1.8% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 6,056 shares of the company’s stock worth $508,000 after buying an additional 109 shares in the last quarter. White Pine Capital LLC lifted its holdings in Calavo Growers by 0.7% during the 1st quarter. White Pine Capital LLC now owns 15,730 shares of the company’s stock worth $1,319,000 after buying an additional 115 shares in the last quarter. Legal & General Group Plc lifted its holdings in Calavo Growers by 0.3% during the 4th quarter. Legal & General Group Plc now owns 37,095 shares of the company’s stock worth $2,708,000 after buying an additional 127 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Calavo Growers by 16.3% during 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. Finally, Mason Street Advisors LLC lifted its holdings in Calavo Growers by 3.4% during the 1st quarter. Mason Street Advisors LLC now owns 5,021 shares of the company’s stock worth $421,000 after buying an additional 165 shares in the last quarter. Institutional investors own 87.66% of the company’s stock.

Shares of NASDAQ:CVGW traded down $0.62 during trading hours on Friday, reaching $87.78. The stock had a trading volume of 2,682 shares, compared to its average volume of 119,883. Calavo Growers, Inc. has a 1 year low of $67.52 and a 1 year high of $108.00. The business’s 50 day moving average is $94.31. The company has a quick ratio of 0.94, a current ratio of 1.39 and a debt-to-equity ratio of 0.01. The stock has a market cap of $1.56 billion, a PE ratio of 35.30 and a beta of 1.04.

Calavo Growers (NASDAQ:CVGW) last announced its quarterly earnings data on Thursday, June 6th. The company reported $0.92 EPS for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.15. Calavo Growers had a net margin of 2.84% and a return on equity of 17.76%. The company had revenue of $286.00 million for the quarter, compared to the consensus estimate of $281.37 million. During the same period in the prior year, the firm posted $0.80 EPS. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. Equities research analysts anticipate that Calavo Growers, Inc. will post 3.35 earnings per share for the current fiscal year.

A number of equities research analysts have issued reports on the stock. ValuEngine upgraded shares of Calavo Growers from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. Zacks Investment Research raised shares of Calavo Growers from a “hold” rating to a “buy” rating and set a $98.00 price objective on the stock in a research report on Tuesday, June 4th. BidaskClub downgraded shares of Calavo Growers from a “hold” rating to a “sell” rating in a research report on Tuesday, July 23rd. Vertical Group raised shares of Calavo Growers from a “hold” rating to a “buy” rating and set a $96.00 price objective on the stock in a research report on Thursday, April 4th. Finally, Lake Street Capital increased their price objective on shares of Calavo Growers from $94.00 to $104.00 in a research report on Friday, June 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $96.80.

In related news, Director Marc Laurence Brown sold 375 shares of the stock in a transaction on Monday, June 24th. The shares were sold at an average price of $99.75, for a total value of $37,406.25. Following the transaction, the director now directly owns 13,000 shares of the company’s stock, valued at approximately $1,296,750. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Der Kar Scott Van sold 525 shares of the stock in a transaction on Friday, July 12th. The shares were sold at an average price of $95.43, for a total transaction of $50,100.75. Following the completion of the transaction, the director now directly owns 1,750 shares in the company, valued at $167,002.50. The disclosure for this sale can be found here. Insiders sold a total of 129,290 shares of company stock worth $12,459,804 over the last ninety days. Insiders own 7.30% of the company’s stock.

About Calavo Growers

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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