HighTower Advisors LLC Purchases Shares of 11,564 Mission Produce, Inc. (NASDAQ:AVO)

HighTower Advisors LLC acquired a new position in Mission Produce, Inc. (NASDAQ:AVO) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 11,564 shares of the company’s stock, valued at approximately $166,000.

A number of other large investors have also recently made changes to their positions in AVO. R Squared Ltd purchased a new stake in Mission Produce in the 4th quarter worth $34,000. Point72 Asia Singapore Pte. Ltd. boosted its stake in shares of Mission Produce by 46.8% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 10,845 shares of the company’s stock worth $139,000 after acquiring an additional 3,455 shares during the period. New York State Teachers Retirement System purchased a new stake in shares of Mission Produce during the fourth quarter worth about $57,000. New York State Common Retirement Fund lifted its holdings in Mission Produce by 72.6% in the 4th quarter. New York State Common Retirement Fund now owns 9,509 shares of the company’s stock worth $137,000 after purchasing an additional 4,000 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in Mission Produce by 8.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 66,303 shares of the company’s stock worth $850,000 after purchasing an additional 4,894 shares in the last quarter. 63.57% of the stock is owned by hedge funds and other institutional investors.

Mission Produce Trading Down 2.4 %

Mission Produce stock opened at $10.10 on Friday. Mission Produce, Inc. has a 1 year low of $9.54 and a 1 year high of $15.25. The firm’s 50 day moving average price is $11.26 and its 200-day moving average price is $12.34. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.87 and a quick ratio of 1.26. The stock has a market cap of $717.83 million, a P/E ratio of 19.80 and a beta of 0.54.

Insider Buying and Selling at Mission Produce

In related news, insider Juan R. Wiesner sold 75,153 shares of the firm’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $10.08, for a total value of $757,542.24. Following the completion of the transaction, the insider now directly owns 1,000,000 shares of the company’s stock, valued at approximately $10,080,000. This trade represents a 6.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders have sold 97,975 shares of company stock worth $989,238. Insiders own 35.41% of the company’s stock.

Mission Produce 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.