Commonwealth Equity Services LLC lowered its position in shares of Mission Produce, Inc. (NASDAQ:AVO – Free Report) by 27.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,910 shares of the company’s stock after selling 11,737 shares during the period. Commonwealth Equity Services LLC’s holdings in Mission Produce were worth $305,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC boosted its stake in shares of Mission Produce by 68.5% in the fourth quarter. Quadrant Capital Group LLC now owns 3,877 shares of the company’s stock valued at $39,000 after purchasing an additional 1,576 shares during the period. Lazard Asset Management LLC increased its stake in Mission Produce by 245.2% in the 1st quarter. Lazard Asset Management LLC now owns 4,381 shares of the company’s stock valued at $52,000 after buying an additional 3,112 shares during the period. Sanders Morris Harris LLC purchased a new position in Mission Produce during the first quarter worth about $119,000. PEAK6 Investments LLC purchased a new stake in shares of Mission Produce in the first quarter valued at approximately $132,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Mission Produce by 22.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,498 shares of the company’s stock valued at $123,000 after purchasing an additional 2,332 shares during the period. Institutional investors and hedge funds own 63.57% of the company’s stock.
Mission Produce Stock Down 2.5 %
AVO stock opened at $12.97 on Tuesday. The company has a current ratio of 2.02, a quick ratio of 1.49 and a debt-to-equity ratio of 0.28. The firm has a 50 day simple moving average of $11.10 and a 200-day simple moving average of $11.23. The company has a market capitalization of $919.70 million, a P/E ratio of 51.88 and a beta of 0.47. Mission Produce, Inc. has a twelve month low of $8.19 and a twelve month high of $13.62.
Insider Transactions at Mission Produce
Wall Street Analyst Weigh In
Several research firms recently commented on AVO. Roth Mkm boosted their price objective on shares of Mission Produce from $14.00 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th. Lake Street Capital reissued a “buy” rating and issued a $15.00 target price on shares of Mission Produce in a research note on Tuesday, September 10th.
Read Our Latest Stock Analysis on AVO
About Mission Produce
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.
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