Point72 Hong Kong Ltd Takes Position in Calavo Growers, Inc. (NASDAQ:CVGW)

Posted by on Mar 6th, 2023

Point72 Hong Kong Ltd purchased a new stake in Calavo Growers, Inc. (NASDAQ:CVGW – Get Rating) in the third quarter, according to its most recent filing with the SEC. The fund purchased 1,346 shares of the company’s stock, valued at approximately $43,000.

A number of other institutional investors have also made changes to their positions in CVGW. FMR LLC increased its holdings in shares of Calavo Growers by 102.2% in the 2nd quarter. FMR LLC now owns 910 shares of the company’s stock valued at $38,000 after acquiring an additional 460 shares during the last quarter. Group One Trading L.P. increased its holdings in shares of Calavo Growers by 12,753.8% in the 3rd quarter. Group One Trading L.P. now owns 1,645 shares of the company’s stock valued at $52,000 after acquiring an additional 1,658 shares during the last quarter. Quantbot Technologies LP increased its holdings in shares of Calavo Growers by 257.2% in the 3rd quarter. Quantbot Technologies LP now owns 1,693 shares of the company’s stock valued at $53,000 after acquiring an additional 1,219 shares during the last quarter. Van ECK Associates Corp bought a new stake in shares of Calavo Growers in the 2nd quarter valued at approximately $60,000. Finally, Captrust Financial Advisors boosted its position in Calavo Growers by 17.0% during the 2nd quarter. Captrust Financial Advisors now owns 2,089 shares of the company’s stock valued at $87,000 after purchasing an additional 303 shares during the period. 73.96% of the stock is currently owned by institutional investors.

Calavo Growers Trading Down 1.3 %

NASDAQ:CVGW opened at $32.65 on Monday. Calavo Growers, Inc. has a 12-month low of $27.29 and a 12-month high of $45.50. The firm has a market capitalization of $578.88 million, a P/E ratio of -90.69 and a beta of 0.70. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.23 and a quick ratio of 0.85. The business has a 50 day simple moving average of $31.86 and a 200 day simple moving average of $33.96.

Calavo Growers (NASDAQ:CVGW – Get Rating) last released its quarterly earnings data on Tuesday, December 20th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.34). Calavo Growers had a negative net margin of 0.52% and a positive return on equity of 3.96%. The company had revenue of $243.57 million for the quarter, compared to analyst estimates of $304.90 million. Equities research analysts predict that Calavo Growers, Inc. will post 1.71 EPS for the current year.

Analysts Set New Price Targets

Separately, Lake Street Capital reduced their price objective on Calavo Growers from $60.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday, December 21st.

Calavo Growers Company Profile

(Get Rating)

Calavo Growers, Inc engages in the marketing and distribution of avocados, prepared avocado products, and other perishable foods. It operates through the Grown and Prepared segments. The Grown segment consists of fresh avocados, tomatoes, and papayas. The Prepared segment includes all other products including fresh-cut fruits and vegetables, ready-to-eat sandwiches, wraps, salads and snacks, guacamole, and salsa.

Read More

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

Receive News & Ratings for Calavo Growers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Calavo Growers and related companies with MarketBeat.com's FREE daily email newsletter.