Nuance Investments LLC Grows Holdings in Calavo Growers, Inc. $CVGW

Nuance Investments LLC boosted its holdings in Calavo Growers, Inc. (NASDAQ:CVGW) by 136.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 546,933 shares of the company’s stock after purchasing an additional 315,280 shares during the quarter. Calavo Growers comprises 1.3% of Nuance Investments LLC’s investment portfolio, making the stock its 21st largest holding. Nuance Investments LLC owned 3.06% of Calavo Growers worth $11,896,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of CVGW. Vanguard Group Inc. increased its stake in Calavo Growers by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 1,265,417 shares of the company’s stock valued at $32,572,000 after buying an additional 11,979 shares during the period. SG Capital Management LLC purchased a new position in Calavo Growers during the 3rd quarter worth $13,443,000. Gamco Investors INC. ET AL raised its position in Calavo Growers by 43.9% during the 4th quarter. Gamco Investors INC. ET AL now owns 473,700 shares of the company’s stock worth $10,303,000 after buying an additional 144,500 shares during the last quarter. Old West Investment Management LLC raised its position in Calavo Growers by 1.8% during the 3rd quarter. Old West Investment Management LLC now owns 434,966 shares of the company’s stock worth $11,196,000 after buying an additional 7,587 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in Calavo Growers by 10.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 425,383 shares of the company’s stock worth $10,949,000 after buying an additional 38,620 shares during the last quarter. Hedge funds and other institutional investors own 81.30% of the company’s stock.

Calavo Growers Price Performance

Shares of Calavo Growers stock opened at $26.09 on Friday. The company has a market cap of $466.33 million, a P/E ratio of 29.31 and a beta of 0.44. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.66 and a current ratio of 2.21. Calavo Growers, Inc. has a one year low of $18.40 and a one year high of $28.98. The firm has a fifty day moving average of $27.00 and a two-hundred day moving average of $24.69.

Calavo Growers (NASDAQ:CVGW) last announced its quarterly earnings data on Thursday, March 12th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. Calavo Growers had a net margin of 2.61% and a return on equity of 12.81%. The company had revenue of $122.20 million during the quarter, compared to the consensus estimate of $138.45 million.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Calavo Growers from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, March 9th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $33.50.

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.