Connor Clark & Lunn Investment Management Ltd. Has $2.27 Million Stock Holdings in Mission Produce, Inc. (NASDAQ:AVO)

Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Mission Produce, Inc. (NASDAQ:AVO) by 56.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 157,897 shares of the company’s stock after purchasing an additional 56,885 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Mission Produce were worth $2,269,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. R Squared Ltd acquired a new position in shares of Mission Produce in the fourth quarter valued at approximately $34,000. Point72 Asia Singapore Pte. Ltd. boosted its stake in Mission Produce by 46.8% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 10,845 shares of the company’s stock worth $139,000 after purchasing an additional 3,455 shares during the period. New York State Teachers Retirement System acquired a new position in shares of Mission Produce during the fourth quarter worth about $57,000. New York State Common Retirement Fund boosted its position in shares of Mission Produce by 72.6% during the fourth quarter. New York State Common Retirement Fund now owns 9,509 shares of the company’s stock worth $137,000 after buying an additional 4,000 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Mission Produce by 8.0% during the third quarter. The Manufacturers Life Insurance Company now owns 66,303 shares of the company’s stock worth $850,000 after buying an additional 4,894 shares during the period. Institutional investors and hedge funds own 63.57% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Stephen J. Barnard sold 7,032 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $14.51, for a total transaction of $102,034.32. Following the completion of the transaction, the chief executive officer now directly owns 1,787,450 shares of the company’s stock, valued at approximately $25,935,899.50. This represents a 0.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Luis A. Gonzalez sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $14.18, for a total value of $283,600.00. Following the completion of the transaction, the director now owns 275,000 shares of the company’s stock, valued at approximately $3,899,500. This represents a 6.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 224,252 shares of company stock valued at $3,256,786 in the last quarter. 35.41% of the stock is currently owned by insiders.

Mission Produce Trading Down 1.9 %

NASDAQ:AVO opened at $10.02 on Wednesday. Mission Produce, Inc. has a twelve month low of $9.54 and a twelve month high of $15.25. The company has a quick ratio of 1.26, a current ratio of 1.87 and a debt-to-equity ratio of 0.23. The business has a 50 day moving average price of $11.83 and a two-hundred day moving average price of $12.50. The company has a market cap of $712.14 million, a P/E ratio of 19.65 and a beta of 0.47.

Mission Produce Profile

Mission Produce, Inc engages in the sourcing, farming, packaging, marketing, and distribution of avocados, mangoes, and blueberries to food retailers, distributors, and foodservice customers in the United States and internationally. The company operates through three segments, Marketing and Distribution; International Farming; and Blueberries.