Arizona State Retirement System lessened its holdings in Calavo Growers, Inc. (NASDAQ:CVGW) by 7.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 23,030 shares of the company’s stock after selling 1,891 shares during the period. Arizona State Retirement System owned about 0.13% of Calavo Growers worth $2,214,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Eagle Asset Management Inc. lifted its position in shares of Calavo Growers by 6.1% in the 2nd quarter. Eagle Asset Management Inc. now owns 50,360 shares of the company’s stock worth $4,842,000 after purchasing an additional 2,876 shares during the period. SG Americas Securities LLC lifted its position in shares of Calavo Growers by 159.7% in the 2nd quarter. SG Americas Securities LLC now owns 4,010 shares of the company’s stock worth $386,000 after purchasing an additional 2,466 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Calavo Growers by 10.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 434,470 shares of the company’s stock worth $41,774,000 after purchasing an additional 40,580 shares during the period. Rhumbline Advisers lifted its position in shares of Calavo Growers by 1.9% in the 2nd quarter. Rhumbline Advisers now owns 38,112 shares of the company’s stock worth $3,664,000 after purchasing an additional 703 shares during the period. Finally, Sei Investments Co. lifted its position in shares of Calavo Growers by 83,814.3% in the 2nd quarter. Sei Investments Co. now owns 5,874 shares of the company’s stock worth $566,000 after purchasing an additional 5,867 shares during the period. 90.71% of the stock is owned by hedge funds and other institutional investors.

NASDAQ CVGW opened at $104.05 on Wednesday. The company has a market cap of $1.86 billion, a P/E ratio of 48.85 and a beta of 0.52. Calavo Growers, Inc. has a 52 week low of $65.85 and a 52 week high of $107.53.

Calavo Growers (NASDAQ:CVGW) last posted its quarterly earnings data on Wednesday, June 6th. The company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.01). The firm had revenue of $264.40 million for the quarter, compared to the consensus estimate of $301.20 million. Calavo Growers had a return on equity of 16.89% and a net margin of 3.70%. The company’s revenue was down 2.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.74 EPS. analysts forecast that Calavo Growers, Inc. will post 2.97 earnings per share for the current year.

Several brokerages have recently weighed in on CVGW. BidaskClub raised shares of Calavo Growers from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 25th. Zacks Investment Research upgraded shares of Calavo Growers from a “sell” rating to a “hold” rating in a research note on Tuesday, August 14th. Buckingham Research lowered shares of Calavo Growers from a “buy” rating to a “neutral” rating and set a $98.00 price objective for the company. in a research note on Tuesday. They noted that the move was a valuation call. Finally, Vertical Group lowered shares of Calavo Growers from a “buy” rating to a “hold” rating in a research note on Tuesday, August 7th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Calavo Growers presently has a consensus rating of “Buy” and a consensus target price of $97.00.

In related news, VP Robert J. Wedin sold 6,016 shares of the business’s stock in a transaction that occurred on Friday, June 8th. The shares were sold at an average price of $83.76, for a total transaction of $503,900.16. Following the completion of the transaction, the vice president now owns 12,601 shares in the company, valued at approximately $1,055,459.76. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John M. Hunt sold 12,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 13th. The stock was sold at an average price of $87.63, for a total transaction of $1,095,375.00. Following the transaction, the director now owns 29,000 shares of the company’s stock, valued at approximately $2,541,270. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,844 shares of company stock valued at $2,389,564. 8.40% of the stock is currently owned by company insiders.

About Calavo Growers

Calavo Growers, Inc markets and distributes avocados, prepared avocados, and other perishable foods to grocery retailers, food services, club stores, mass merchandisers, food distributors, wholesalers, supermarkets, specialty/natural retailers, and convenience stores worldwide. It operates in three segments: Fresh Products, Calavo Foods, and RFG.

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

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