Connors Investor Services Inc. lessened its position in shares of Calavo Growers, Inc. (NASDAQ:CVGW) by 1.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,124 shares of the company’s stock after selling 266 shares during the quarter. Connors Investor Services Inc. owned approximately 0.14% of Calavo Growers worth $2,334,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Calavo Growers by 3.7% during the 2nd quarter. Vanguard Group Inc. now owns 1,098,445 shares of the company’s stock worth $106,263,000 after purchasing an additional 38,780 shares in the last quarter. Stephens Investment Management Group LLC grew its holdings in shares of Calavo Growers by 0.5% during the 2nd quarter. Stephens Investment Management Group LLC now owns 687,761 shares of the company’s stock worth $66,534,000 after purchasing an additional 3,169 shares in the last quarter. Clearbridge Investments LLC grew its holdings in shares of Calavo Growers by 192.7% during the 1st quarter. Clearbridge Investments LLC now owns 535,428 shares of the company’s stock worth $44,896,000 after purchasing an additional 352,526 shares in the last quarter. Copeland Capital Management LLC grew its holdings in shares of Calavo Growers by 21.5% during the 2nd quarter. Copeland Capital Management LLC now owns 366,270 shares of the company’s stock worth $35,433,000 after purchasing an additional 64,820 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Calavo Growers by 0.9% during the 2nd quarter. Northern Trust Corp now owns 248,599 shares of the company’s stock worth $24,050,000 after purchasing an additional 2,177 shares in the last quarter. 88.29% of the stock is currently owned by institutional investors.

Several analysts have recently weighed in on the company. BidaskClub raised Calavo Growers from a “sell” rating to a “hold” rating in a report on Tuesday, August 6th. Zacks Investment Research lowered Calavo Growers from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Finally, Lake Street Capital boosted their price target on Calavo Growers from $94.00 to $104.00 in a research note on Friday, June 7th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $96.50.

CVGW stock traded down $0.01 during trading on Thursday, hitting $94.47. The company had a trading volume of 1,936 shares, compared to its average volume of 214,936. The company has a fifty day moving average price of $90.68 and a two-hundred day moving average price of $91.25. The company has a current ratio of 1.53, a quick ratio of 1.06 and a debt-to-equity ratio of 0.02. The company has a market cap of $1.65 billion, a P/E ratio of 37.97 and a beta of 1.00. Calavo Growers, Inc. has a fifty-two week low of $67.52 and a fifty-two week high of $105.55.

Calavo Growers (NASDAQ:CVGW) last announced its quarterly earnings results on Thursday, September 5th. The company reported $0.91 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.91. The business had revenue of $359.30 million for the quarter, compared to analyst estimates of $327.83 million. Calavo Growers had a return on equity of 17.89% and a net margin of 2.54%. Calavo Growers’s quarterly revenue was up 21.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.86 EPS. On average, analysts expect that Calavo Growers, Inc. will post 2.99 earnings per share for the current year.

In other Calavo Growers news, Director Marc Laurence Brown sold 1,000 shares of Calavo Growers stock in a transaction on Monday, September 9th. The stock was sold at an average price of $93.20, for a total value of $93,200.00. Following the completion of the transaction, the director now owns 12,500 shares in the company, valued at approximately $1,165,000. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Der Kar Scott Van sold 525 shares of Calavo Growers stock in a transaction on Friday, July 12th. The shares were sold at an average price of $95.43, for a total value of $50,100.75. Following the completion of the transaction, the director now owns 1,750 shares of the company’s stock, valued at approximately $167,002.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 67,573 shares of company stock worth $6,398,927. 7.30% of the stock is owned by insiders.

Calavo Growers Company 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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