Limoneira (NASDAQ:LMNR) Stock Rating Upgraded by StockNews.com

Limoneira (NASDAQ:LMNR) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Separately, Lake Street Capital dropped their price target on shares of Limoneira from $25.00 to $23.00 and set a “hold” rating for the company in a research note on Thursday.

Limoneira Price Performance

LMNR stock opened at $18.51 on Thursday. The company has a fifty day moving average price of $22.73 and a 200-day moving average price of $25.12. The company has a market capitalization of $334.01 million, a P/E ratio of 48.71 and a beta of 0.46. Limoneira has a 52-week low of $17.80 and a 52-week high of $29.22. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.69 and a current ratio of 0.74.

Institutional Investors Weigh In On Limoneira

A number of large investors have recently bought and sold shares of LMNR. Global Alpha Capital Management Ltd. grew its holdings in Limoneira by 3.0% in the third quarter. Global Alpha Capital Management Ltd. now owns 3,299,703 shares of the company’s stock worth $87,442,000 after purchasing an additional 96,054 shares during the period. Robertson Stephens Wealth Management LLC grew its holdings in shares of Limoneira by 144.8% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 101,460 shares of the company’s stock valued at $2,489,000 after buying an additional 60,010 shares during the last quarter. Riverwater Partners LLC grew its holdings in shares of Limoneira by 27.8% during the fourth quarter. Riverwater Partners LLC now owns 256,159 shares of the company’s stock valued at $6,266,000 after buying an additional 55,736 shares during the last quarter. Sowell Financial Services LLC acquired a new position in shares of Limoneira during the fourth quarter valued at about $958,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Limoneira by 324.3% during the fourth quarter. JPMorgan Chase & Co. now owns 38,556 shares of the company’s stock valued at $943,000 after buying an additional 29,470 shares during the last quarter. 64.35% of the stock is currently owned by institutional investors and hedge funds.

Limoneira Company Profile

Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally. The company operates through three divisions: Agribusiness, Rental Operations, and Real Estate Development. It grows, processes, packs, markets, and sells lemons. The company also grows avocado, oranges, and specialty citrus and other crops, including Moro blood oranges, Cara Cara oranges, Valencia oranges, Minneola tangelos, Star Ruby grapefruit, pummelos, and wine grapes.