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

Russell Investments Group Ltd. increased its position in shares of Calavo Growers, Inc. (NASDAQ:CVGW) by 32.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 386,763 shares of the company’s stock after acquiring an additional 94,073 shares during the period. Russell Investments Group Ltd. owned about 2.17% of Calavo Growers worth $10,284,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CVGW. Spire Wealth Management bought a new position in Calavo Growers in the second quarter valued at about $30,000. Virtu Financial LLC acquired a new position in shares of Calavo Growers in the first quarter valued at approximately $219,000. US Bancorp DE raised its holdings in Calavo Growers by 4.4% in the 1st quarter. US Bancorp DE now owns 9,136 shares of the company’s stock valued at $219,000 after buying an additional 384 shares during the last quarter. CWM LLC boosted its position in Calavo Growers by 280.0% during the 2nd quarter. CWM LLC now owns 8,751 shares of the company’s stock worth $233,000 after buying an additional 6,448 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Calavo Growers by 4.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,985 shares of the company’s stock worth $240,000 after acquiring an additional 390 shares during the last quarter. Institutional investors and hedge funds own 81.30% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Calavo Growers Price Performance

Shares of NASDAQ CVGW opened at $20.65 on Wednesday. The company has a market capitalization of $368.60 million, a PE ratio of 23.47 and a beta of 0.37. The company has a quick ratio of 1.86, a current ratio of 2.30 and a debt-to-equity ratio of 0.02. Calavo Growers, Inc. has a twelve month low of $18.40 and a twelve month high of $28.72. The firm has a fifty day simple moving average of $22.86 and a 200 day simple moving average of $25.51.

Calavo Growers (NASDAQ:CVGW) last issued its quarterly earnings results on Tuesday, September 9th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.03. The firm had revenue of $178.82 million for the quarter, compared to analyst estimates of $195.20 million. Calavo Growers had a return on equity of 11.73% and a net margin of 2.28%.The company’s revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.57 earnings per share. On average, sell-side analysts forecast that Calavo Growers, Inc. will post 1.87 EPS for the current year.

About Calavo Growers

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.