Nuance Investments LLC Sells 967,988 Shares of Mission Produce, Inc. (NASDAQ:AVO)

Nuance Investments LLC decreased its position in shares of Mission Produce, Inc. (NASDAQ:AVO) by 33.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,954,991 shares of the company’s stock after selling 967,988 shares during the quarter. Mission Produce comprises 1.1% of Nuance Investments LLC’s holdings, making the stock its 26th largest holding. Nuance Investments LLC owned 2.76% of Mission Produce worth $28,093,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Barclays PLC raised its stake in shares of Mission Produce by 308.8% during the 3rd quarter. Barclays PLC now owns 67,092 shares of the company’s stock valued at $860,000 after purchasing an additional 50,680 shares during the period. The Manufacturers Life Insurance Company grew its position in Mission Produce by 8.0% during the third quarter. The Manufacturers Life Insurance Company now owns 66,303 shares of the company’s stock worth $850,000 after buying an additional 4,894 shares in the last quarter. Jane Street Group LLC increased its stake in Mission Produce by 171.9% in the 3rd quarter. Jane Street Group LLC now owns 158,257 shares of the company’s stock worth $2,029,000 after acquiring an additional 100,055 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Mission Produce in the 3rd quarter valued at about $1,295,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Mission Produce by 48.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 51,863 shares of the company’s stock valued at $665,000 after acquiring an additional 16,968 shares during the last quarter. 63.57% of the stock is currently owned by institutional investors.

Mission Produce Stock Down 0.2 %

AVO stock opened at $9.79 on Wednesday. Mission Produce, Inc. has a 1-year low of $9.54 and a 1-year high of $15.25. The stock has a market cap of $695.79 million, a price-to-earnings ratio of 19.20 and a beta of 0.47. The company has a current ratio of 1.87, a quick ratio of 1.26 and a debt-to-equity ratio of 0.23. The company’s 50 day moving average is $11.59 and its 200 day moving average is $12.47.

Insider Buying and Selling

In other Mission Produce news, Director Luis A. Gonzalez sold 20,000 shares of the company’s stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $14.18, for a total transaction of $283,600.00. Following the completion of the sale, the director now directly owns 275,000 shares in the company, valued at $3,899,500. This represents a 6.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Juan R. Wiesner sold 75,153 shares of the business’s stock in a transaction dated 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 sale, 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 position. The disclosure for this sale can be found here. Insiders sold 262,132 shares of company stock worth $3,364,617 in the last quarter. 35.41% of the stock is owned by insiders.

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.