Atom Investors LP Sells 15,970 Shares of Mission Produce, Inc. (NASDAQ:AVO)

Atom Investors LP trimmed its position in shares of Mission Produce, Inc. (NASDAQ:AVO) by 47.6% during the third quarter, HoldingsChannel reports. The firm owned 17,595 shares of the company’s stock after selling 15,970 shares during the quarter. Atom Investors LP’s holdings in Mission Produce were worth $226,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in AVO. Vanguard Group Inc. lifted its position in Mission Produce by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 2,831,250 shares of the company’s stock valued at $33,607,000 after acquiring an additional 29,822 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Mission Produce by 15.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,932 shares of the company’s stock valued at $166,000 after acquiring an additional 1,870 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Mission Produce by 2.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 161,591 shares of the company’s stock valued at $1,597,000 after acquiring an additional 4,160 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Mission Produce by 22.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,498 shares of the company’s stock valued at $123,000 after acquiring an additional 2,332 shares in the last quarter. Finally, nVerses Capital LLC acquired a new stake in Mission Produce in the 2nd quarter valued at $67,000. 63.57% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on AVO. Lake Street Capital reiterated a “buy” rating and issued a $15.00 price target on shares of Mission Produce in a research note on Tuesday, September 10th. Roth Mkm lifted their price target on shares of Mission Produce from $14.00 to $16.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th.

Mission Produce Stock Down 3.6 %

Mission Produce stock opened at $12.73 on Thursday. The firm has a market capitalization of $902.68 million, a PE ratio of 38.58 and a beta of 0.54. The company’s 50-day moving average is $12.71 and its 200-day moving average is $11.60. Mission Produce, Inc. has a fifty-two week low of $8.76 and a fifty-two week high of $14.17. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.02 and a quick ratio of 1.40.

Mission Produce (NASDAQ:AVO) last released its quarterly earnings data on Monday, September 9th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.23. The company had revenue of $324.00 million for the quarter, compared to analyst estimates of $229.90 million. Mission Produce had a net margin of 2.06% and a return on equity of 6.69%. Sell-side analysts anticipate that Mission Produce, Inc. will post 0.39 earnings per share for the current year.

Insider Transactions at Mission Produce

In related news, Director Jay A. Pack sold 22,000 shares of Mission Produce stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $13.41, for a total transaction of $295,020.00. Following the completion of the sale, the director now owns 1,115,160 shares of the company’s stock, valued at approximately $14,954,295.60. The trade was a 1.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Luis A. Gonzalez sold 51,615 shares of Mission Produce stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $13.28, for a total transaction of $685,447.20. Following the sale, the director now directly owns 7,219,614 shares of the company’s stock, valued at $95,876,473.92. The trade was a 0.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 296,059 shares of company stock worth $3,920,360 in the last ninety days. Insiders own 41.60% of the company’s stock.

Mission Produce Company 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.