Russell Investments Group Ltd. Has $10.28 Million Stock Position in Calavo Growers, Inc. $CVGW

Russell Investments Group Ltd. boosted its position in Calavo Growers, Inc. (NASDAQ:CVGW) by 32.1% during the 2nd quarter, Holdings Channel reports. The fund owned 386,763 shares of the company’s stock after buying an additional 94,073 shares during the period. Russell Investments Group Ltd.’s holdings in Calavo Growers were worth $10,284,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in CVGW. US Bancorp DE raised its position in shares of Calavo Growers by 4.4% during the first quarter. US Bancorp DE now owns 9,136 shares of the company’s stock worth $219,000 after purchasing an additional 384 shares during the period. Vanguard Group Inc. increased its stake in Calavo Growers by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 1,161,996 shares of the company’s stock valued at $27,876,000 after purchasing an additional 13,491 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Calavo Growers by 0.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 206,410 shares of the company’s stock worth $4,952,000 after buying an additional 669 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Calavo Growers during the first quarter worth $297,000. Finally, Virtu Financial LLC bought a new position in shares of Calavo Growers in the first quarter valued at $219,000. Institutional investors and hedge funds own 81.30% of the company’s stock.

Analysts Set New Price Targets

CVGW has been the subject of several recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Calavo Growers in a research report on Monday. Lake Street Capital lifted their price target on Calavo Growers from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, September 10th. Stephens raised Calavo Growers to a “hold” rating in a research note on Thursday, September 11th. Finally, Wall Street Zen upgraded Calavo Growers from a “hold” rating to a “buy” rating in a report on Saturday, October 11th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Calavo Growers has an average rating of “Hold” and a consensus target price of $40.00.

Calavo Growers Stock Down 0.3%

CVGW opened at $20.65 on Wednesday. Calavo Growers, Inc. has a fifty-two week low of $18.40 and a fifty-two week high of $28.72. The firm has a market capitalization of $368.60 million, a P/E ratio of 23.47 and a beta of 0.37. The company’s 50-day moving average is $22.86 and its 200 day moving average is $25.51. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.30 and a quick ratio of 1.86.

Calavo Growers (NASDAQ:CVGW) last posted its quarterly earnings data on Tuesday, September 9th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.54 by $0.03. Calavo Growers had a net margin of 2.28% and a return on equity of 11.73%. The firm had revenue of $178.82 million during the quarter, compared to analyst estimates of $195.20 million. During the same quarter last year, the business posted $0.57 EPS. The company’s revenue for the quarter was down .4% on a year-over-year basis. Research analysts expect that Calavo Growers, Inc. will post 1.87 earnings per share for the current fiscal year.

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 worldwide. It operates through Grown and Prepared segments. The Grown segment distributes tomatoes and papayas; and procures avocados grown in California, Mexico, Peru, and Colombia.