UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Holdings in Calavo Growers, Inc. (NASDAQ:CVGW)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in Calavo Growers, Inc. (NASDAQ:CVGW) by 10.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,542 shares of the company’s stock after selling 2,731 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.14% of Calavo Growers worth $700,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in CVGW. BNP Paribas Financial Markets increased its holdings in Calavo Growers by 54.1% in the third quarter. BNP Paribas Financial Markets now owns 41,473 shares of the company’s stock valued at $1,183,000 after buying an additional 14,568 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Calavo Growers during the 3rd quarter worth about $357,000. DRW Securities LLC purchased a new position in shares of Calavo Growers in the 3rd quarter valued at about $401,000. Landscape Capital Management L.L.C. acquired a new stake in shares of Calavo Growers during the 3rd quarter worth about $825,000. Finally, Nuance Investments LLC raised its position in shares of Calavo Growers by 25.1% during the 3rd quarter. Nuance Investments LLC now owns 1,636,969 shares of the company’s stock worth $46,703,000 after acquiring an additional 328,820 shares in the last quarter. Hedge funds and other institutional investors own 81.30% of the company’s stock.

Calavo Growers Stock Performance

Shares of CVGW opened at $25.09 on Friday. The company has a market capitalization of $446.65 million, a price-to-earnings ratio of -50.18 and a beta of 0.58. Calavo Growers, Inc. has a 52-week low of $20.30 and a 52-week high of $31.26. The company has a quick ratio of 1.77, a current ratio of 2.04 and a debt-to-equity ratio of 0.18. The stock has a 50 day moving average price of $27.29 and a 200 day moving average price of $25.63.

About Calavo Growers

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 worldwide. It operates through Grown and Prepared segments. The Grown segment distributes tomatoes and papayas; and procures avocados grown in California, Mexico, Peru, and Colombia.