Rice Hall James & Associates LLC increased its position in Calavo Growers, Inc. (NASDAQ:CVGW) by 30.3% during the second quarter, Holdings Channel reports. The fund owned 292,301 shares of the company’s stock after buying an additional 67,984 shares during the period. Rice Hall James & Associates LLC’s holdings in Calavo Growers were worth $20,183,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Wells Fargo & Company MN boosted its stake in Calavo Growers by 14.3% in the first quarter. Wells Fargo & Company MN now owns 99,499 shares of the company’s stock worth $6,029,000 after buying an additional 12,437 shares during the last quarter. Punch & Associates Investment Management Inc. boosted its stake in Calavo Growers by 1.3% in the first quarter. Punch & Associates Investment Management Inc. now owns 52,482 shares of the company’s stock worth $3,180,000 after buying an additional 650 shares during the last quarter. Eidelman Virant Capital bought a new stake in Calavo Growers during the first quarter worth approximately $3,726,000. Russell Investments Group Ltd. boosted its stake in Calavo Growers by 126.3% in the first quarter. Russell Investments Group Ltd. now owns 70,282 shares of the company’s stock worth $4,259,000 after buying an additional 39,221 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its stake in Calavo Growers by 2.2% in the first quarter. State of New Jersey Common Pension Fund D now owns 570,000 shares of the company’s stock worth $34,542,000 after buying an additional 12,420 shares during the last quarter. Institutional investors and hedge funds own 83.26% of the company’s stock.

Calavo Growers, Inc. (CVGW) opened at 72.05 on Friday. The firm has a 50 day moving average of $71.03 and a 200-day moving average of $64.61. Calavo Growers, Inc. has a 1-year low of $48.75 and a 1-year high of $76.85. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 31.34 and a beta of 0.62.

Calavo Growers (NASDAQ:CVGW) last released its earnings results on Tuesday, June 6th. The company reported $0.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.08. The firm had revenue of $270.20 million for the quarter, compared to the consensus estimate of $259.79 million. Calavo Growers had a net margin of 3.99% and a return on equity of 18.38%. The company’s revenue was up 22.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.56 EPS. On average, equities research analysts anticipate that Calavo Growers, Inc. will post $2.39 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Rice Hall James & Associates LLC Raises Stake in Calavo Growers, Inc. (NASDAQ:CVGW)” was originally reported by Watch List News and is the property of of Watch List News. If you are viewing this news story on another site, it was illegally copied and republished in violation of international copyright law. The legal version of this news story can be viewed at https://www.watchlistnews.com/rice-hall-james-associates-llc-raises-stake-in-calavo-growers-inc-nasdaqcvgw/1474569.html.

A number of equities research analysts have commented on the stock. Stephens restated an “overweight” rating and issued a $85.00 price target (up from $75.00) on shares of Calavo Growers in a report on Friday, June 9th. BidaskClub upgraded shares of Calavo Growers from a “hold” rating to a “buy” rating in a report on Friday, June 9th. Finally, Zacks Investment Research raised shares of Calavo Growers from a “hold” rating to a “strong-buy” rating and set a $79.00 price objective on the stock in a research note on Wednesday, June 28th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $78.75.

In other news, Director Marc Laurence Brown sold 750 shares of the company’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $75.10, for a total value of $56,325.00. Following the sale, the director now directly owns 10,100 shares of the company’s stock, valued at approximately $758,510. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kathleen M. Holmgren bought 1,000 shares of Calavo Growers stock in a transaction dated Thursday, July 6th. The stock was acquired at an average cost of $68.00 per share, for a total transaction of $68,000.00. Following the completion of the transaction, the director now directly owns 2,750 shares in the company, valued at $187,000. The disclosure for this purchase can be found here. 9.90% of the stock is owned by corporate insiders.

Calavo Growers Company Profile

Calavo Growers, Inc operates in the avocado industry. The Company provides value-added fresh food. The Company distributes its products both domestically and internationally and internationally. It operates in three business segments: Fresh products, Calavo Foods and Renaissance Food Group, LLC (RFG).

Want to see what other hedge funds are holding CVGW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Calavo Growers, Inc. (NASDAQ:CVGW).

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

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