Centiva Capital LP Cuts Holdings in Calavo Growers, Inc. (NASDAQ:CVGW)

Centiva Capital LP lessened its position in shares of Calavo Growers, Inc. (NASDAQ:CVGW) by 33.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,994 shares of the company’s stock after selling 5,083 shares during the period. Centiva Capital LP’s holdings in Calavo Growers were worth $285,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Summit Securities Group LLC purchased a new stake in shares of Calavo Growers during the 2nd quarter worth about $56,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Calavo Growers by 40.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,831 shares of the company’s stock worth $87,000 after buying an additional 1,100 shares during the period. LMR Partners LLP acquired a new stake in shares of Calavo Growers in the third quarter worth $253,000. SG Americas Securities LLC raised its stake in shares of Calavo Growers by 126.7% in the 2nd quarter. SG Americas Securities LLC now owns 12,395 shares of the company’s stock valued at $281,000 after acquiring an additional 6,928 shares during the period. Finally, Quantbot Technologies LP acquired a new position in shares of Calavo Growers during the 3rd quarter valued at $357,000. 81.30% of the stock is currently owned by institutional investors and hedge funds.

Calavo Growers Stock Up 2.1 %

Shares of Calavo Growers stock opened at $26.97 on Wednesday. The company has a fifty day moving average price of $27.60 and a 200 day moving average price of $25.63. The company has a current ratio of 2.04, a quick ratio of 1.77 and a debt-to-equity ratio of 0.18. Calavo Growers, Inc. has a twelve month low of $20.30 and a twelve month high of $31.26. The stock has a market cap of $480.07 million, a price-to-earnings ratio of -53.94 and a beta of 0.58.

Calavo Growers (NASDAQ:CVGW) last issued its earnings results on Monday, September 9th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.21. The company had revenue of $179.60 million during the quarter, compared to the consensus estimate of $175.00 million. Calavo Growers had a positive return on equity of 6.35% and a negative net margin of 1.21%. Equities research analysts forecast that Calavo Growers, Inc. will post 1.31 earnings per share for the current fiscal 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.