Jane Street Group LLC Raises Stake in Mission Produce, Inc. (NASDAQ:AVO)

Jane Street Group LLC grew its holdings in Mission Produce, Inc. (NASDAQ:AVO) by 171.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 158,257 shares of the company’s stock after purchasing an additional 100,055 shares during the period. Jane Street Group LLC owned approximately 0.22% of Mission Produce worth $2,029,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company raised its stake 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 valued at $850,000 after acquiring an additional 4,894 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Mission Produce during the third quarter valued at approximately $1,295,000. Dimensional Fund Advisors LP grew its position in shares of Mission Produce by 25.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,327,266 shares of the company’s stock valued at $13,113,000 after acquiring an additional 266,489 shares during the period. Wedge Capital Management L L P NC purchased a new position in shares of Mission Produce during the 3rd quarter valued at $955,000. Finally, American Century Companies Inc. increased its holdings in Mission Produce by 16.5% in the 2nd quarter. American Century Companies Inc. now owns 70,511 shares of the company’s stock valued at $697,000 after acquiring an additional 10,000 shares during the last quarter. 63.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on AVO shares. Roth Mkm lifted their price target on shares of Mission Produce from $14.00 to $16.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. Lake Street Capital reissued a “buy” rating and issued a $15.00 price target on shares of Mission Produce in a report on Tuesday, September 10th.

Mission Produce Price Performance

Shares of AVO opened at $14.39 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.02 and a quick ratio of 1.40. The stock has a market cap of $1.02 billion, a PE ratio of 43.61 and a beta of 0.54. The firm has a 50-day simple moving average of $12.88 and a two-hundred day simple moving average of $11.70. Mission Produce, Inc. has a 1-year low of $9.54 and a 1-year high of $15.25.

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.