Calavo Growers, Inc. $CVGW Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC trimmed its position in Calavo Growers, Inc. (NASDAQ:CVGW) by 65.5% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 22,990 shares of the company’s stock after selling 43,647 shares during the period. Squarepoint Ops LLC’s holdings in Calavo Growers were worth $611,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of CVGW. Spire Wealth Management acquired a new stake in shares of Calavo Growers in the 2nd quarter worth $30,000. Tower Research Capital LLC TRC raised its holdings in Calavo Growers by 673.0% during the second quarter. Tower Research Capital LLC TRC now owns 2,775 shares of the company’s stock worth $74,000 after purchasing an additional 2,416 shares in the last quarter. Lazard Asset Management LLC raised its holdings in Calavo Growers by 224.8% during the second quarter. Lazard Asset Management LLC now owns 7,468 shares of the company’s stock worth $198,000 after purchasing an additional 5,169 shares in the last quarter. CWM LLC lifted its position in Calavo Growers by 280.0% in the second quarter. CWM LLC now owns 8,751 shares of the company’s stock valued at $233,000 after purchasing an additional 6,448 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Calavo Growers by 4.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,985 shares of the company’s stock valued at $240,000 after purchasing an additional 390 shares in the last quarter. Hedge funds and other institutional investors own 81.30% of the company’s stock.

Calavo Growers Stock Performance

CVGW opened at $21.64 on Wednesday. Calavo Growers, Inc. has a 1-year low of $18.40 and a 1-year high of $28.72. The stock has a market cap of $386.27 million, a P/E ratio of 24.59 and a beta of 0.37. The stock’s 50 day simple moving average is $21.56 and its 200 day simple moving average is $24.94. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.30 and a quick ratio of 1.86.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CVGW. Wall Street Zen downgraded Calavo Growers from a “buy” rating to a “hold” rating in a research note on Saturday, December 13th. Stephens raised Calavo Growers to a “hold” rating in a report on Thursday, September 11th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Calavo Growers in a research report on Monday. Finally, Lake Street Capital boosted their target price on shares of Calavo Growers from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, September 10th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $40.00.

Calavo Growers Company Profile

Calavo Growers, Inc (NASDAQ:CVGW), founded in 1924 and headquartered in Santa Paula, California, is a global supplier and distributor of fresh avocados and perishable foods. The company partners with growers in key producing regions to source, ripen and package whole avocados for retail, wholesale and foodservice customers. Calavo’s commitment to quality and food safety underpins its position as a trusted link between growers and end-markets.

The company operates two segments: Fresh and Calavo Foods.