Coe Capital Management LLC Reduces Position in Calavo Growers, Inc. (NASDAQ:CVGW)

Coe Capital Management LLC cut its position in shares of Calavo Growers, Inc. (NASDAQ:CVGW) by 1.3% during the 1st quarter, HoldingsChannel reports. The firm owned 10,197 shares of the company’s stock after selling 133 shares during the period. Coe Capital Management LLC’s holdings in Calavo Growers were worth $855,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Calavo Growers by 26.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 969 shares of the company’s stock valued at $71,000 after buying an additional 204 shares during the last quarter. Quantamental Technologies LLC purchased a new stake in Calavo Growers during the first quarter valued at $98,000. Pearl River Capital LLC increased its position in Calavo Growers by 424.9% during the first quarter. Pearl River Capital LLC now owns 1,244 shares of the company’s stock valued at $104,000 after acquiring an additional 1,007 shares during the last quarter. South Dakota Investment Council purchased a new stake in Calavo Growers during the first quarter valued at $126,000. Finally, Advisors Asset Management Inc. grew its holdings in Calavo Growers by 39.9% during the fourth quarter. Advisors Asset Management Inc. now owns 1,607 shares of the company’s stock valued at $117,000 after purchasing an additional 458 shares during the period. Institutional investors and hedge funds own 87.66% of the company’s stock.

A number of equities analysts recently commented on CVGW shares. BidaskClub raised Calavo Growers from a “sell” rating to a “hold” rating in a research note on Saturday, March 16th. TheStreet upgraded Calavo Growers from a “c” rating to a “b-” rating in a research report on Monday, March 11th. Vertical Group upgraded Calavo Growers from a “hold” rating to a “buy” rating and set a $96.00 price target on the stock in a report on Thursday, April 4th. ValuEngine raised Calavo Growers from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th. Finally, Zacks Investment Research cut Calavo Growers from a “buy” rating to a “hold” rating in a research report on Tuesday, May 28th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $96.80.

In related news, Director Donald M. Sanders sold 1,776 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $95.00, for a total transaction of $168,720.00. Following the completion of the transaction, the director now owns 18,663 shares in the company, valued at $1,772,985. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Michael A. Browne sold 3,677 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $82.79, for a total transaction of $304,418.83. Following the transaction, the vice president now owns 9,884 shares of the company’s stock, valued at approximately $818,296.36. The disclosure for this sale can be found here. In the last three months, insiders sold 6,917 shares of company stock worth $599,323. 7.30% of the stock is owned by corporate insiders.

CVGW stock opened at $96.91 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.94 and a current ratio of 1.39. Calavo Growers, Inc. has a 12-month low of $67.52 and a 12-month high of $108.00. The stock has a market capitalization of $1.71 billion, a P/E ratio of 38.92 and a beta of 1.03.

Calavo Growers (NASDAQ:CVGW) last issued its earnings results on Thursday, June 6th. The company reported $0.92 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.15. The business had revenue of $286.00 million for the quarter, compared to analysts’ expectations of $281.37 million. Calavo Growers had a return on equity of 17.76% and a net margin of 2.84%. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.80 EPS. As a group, analysts expect that Calavo Growers, Inc. will post 2.74 earnings per share for the current year.

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Calavo Growers Profile

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. It operates in three segments: Fresh Products, Calavo Foods, and RFG. The Fresh products segment distributes avocados and other fresh produce products; and procures avocados grown in California, Mexico, and Peru, as well as various other commodities, including tomatoes and papayas.

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

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