Limoneira (NASDAQ:LMNR – Get Free Report) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Wednesday.
Other research analysts also recently issued research reports about the stock. Lake Street Capital restated a “hold” rating and set a $25.00 price target on shares of Limoneira in a research report on Tuesday, September 10th. B. Riley boosted their price target on shares of Limoneira from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $25.33.
View Our Latest Stock Report on LMNR
Limoneira Stock Down 4.1 %
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. Global Alpha Capital Management Ltd. boosted its position in Limoneira by 3.0% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 3,299,703 shares of the company’s stock valued at $87,442,000 after buying an additional 96,054 shares during the period. Riverwater Partners LLC grew its holdings in shares of Limoneira by 47.3% during the third quarter. Riverwater Partners LLC now owns 200,423 shares of the company’s stock worth $5,245,000 after purchasing an additional 64,392 shares during the last quarter. Barclays PLC grew its stake in Limoneira by 269.7% during the 3rd quarter. Barclays PLC now owns 21,708 shares of the company’s stock worth $575,000 after buying an additional 15,836 shares during the last quarter. Inspire Investing LLC acquired a new position in shares of Limoneira in the 3rd quarter valued at $415,000. Finally, State Street Corp boosted its stake in Limoneira by 3.7% during the 3rd quarter. State Street Corp now owns 311,388 shares of the company’s stock worth $8,252,000 after purchasing an additional 11,003 shares during the period. 64.35% of the stock is currently owned by hedge funds and other institutional investors.
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.
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