BNP Paribas Financial Markets Has $1.18 Million Stock Position in Calavo Growers, Inc. (NASDAQ:CVGW)

BNP Paribas Financial Markets raised its holdings in shares of Calavo Growers, Inc. (NASDAQ:CVGW) by 54.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 41,473 shares of the company’s stock after purchasing an additional 14,568 shares during the period. BNP Paribas Financial Markets’ holdings in Calavo Growers were worth $1,183,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Summit Securities Group LLC acquired a new stake in Calavo Growers during the 2nd quarter worth $56,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Calavo Growers by 40.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,831 shares of the company’s stock valued at $87,000 after purchasing an additional 1,100 shares during the last quarter. LMR Partners LLP bought a new stake in Calavo Growers in the third quarter valued at about $253,000. SG Americas Securities LLC lifted its stake in Calavo Growers by 126.7% in the second quarter. SG Americas Securities LLC now owns 12,395 shares of the company’s stock valued at $281,000 after buying an additional 6,928 shares during the period. Finally, Inspire Investing LLC acquired a new position in shares of Calavo Growers during the 2nd quarter worth about $346,000. Institutional investors own 81.30% of the company’s stock.

Calavo Growers Stock Up 1.9 %

Calavo Growers stock opened at $26.42 on Tuesday. The company’s 50 day simple moving average is $27.64 and its 200 day simple moving average is $25.63. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.04 and a quick ratio of 1.77. The firm has a market capitalization of $470.28 million, a price-to-earnings ratio of -52.84 and a beta of 0.58. Calavo Growers, Inc. has a fifty-two week low of $20.30 and a fifty-two week high of $31.26.

Calavo Growers (NASDAQ:CVGW) last released its quarterly earnings data on Monday, September 9th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.21. Calavo Growers had a negative net margin of 1.21% and a positive return on equity of 6.35%. The business had revenue of $179.60 million during the quarter, compared to analysts’ expectations of $175.00 million. As a group, sell-side analysts anticipate that Calavo Growers, Inc. will post 1.31 EPS for the current year.

Calavo Growers Profile

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.