ExodusPoint Capital Management LP Increases Position in Mission Produce, Inc. (NASDAQ:AVO)

ExodusPoint Capital Management LP grew its holdings in Mission Produce, Inc. (NASDAQ:AVO) by 26.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 77,767 shares of the company’s stock after buying an additional 16,290 shares during the period. ExodusPoint Capital Management LP’s holdings in Mission Produce were worth $1,118,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. R Squared Ltd acquired a new position in shares of Mission Produce during the fourth quarter worth about $34,000. New York State Teachers Retirement System acquired a new stake in shares of Mission Produce in the fourth quarter valued at approximately $57,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Mission Produce in the fourth quarter valued at approximately $114,000. New York State Common Retirement Fund grew its position in shares of Mission Produce by 72.6% in the fourth quarter. New York State Common Retirement Fund now owns 9,509 shares of the company’s stock valued at $137,000 after purchasing an additional 4,000 shares during the last quarter. Finally, Centiva Capital LP acquired a new stake in shares of Mission Produce in the third quarter valued at approximately $151,000. 63.57% of the stock is owned by hedge funds and other institutional investors.

Mission Produce Stock Down 2.8 %

AVO stock opened at $9.74 on Friday. The company’s 50 day simple moving average is $11.00 and its 200-day simple moving average is $12.20. The firm has a market capitalization of $692.24 million, a PE ratio of 19.10 and a beta of 0.54. Mission Produce, Inc. has a 12 month low of $9.54 and a 12 month high of $15.25. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.87 and a quick ratio of 1.26.

Insider Activity

In related news, insider Juan R. Wiesner sold 75,153 shares of the company’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $10.08, for a total transaction of $757,542.24. Following the transaction, the insider now owns 1,000,000 shares of the company’s stock, valued at approximately $10,080,000. This represents a 6.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 35.41% of the company’s stock.

Mission Produce Company 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.