Raymond James & Associates Reduces Holdings in Mission Produce, Inc. (NASDAQ:AVO)

Raymond James & Associates decreased its holdings in Mission Produce, Inc. (NASDAQ:AVO – Get Rating) by 3.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 158,292 shares of the company’s stock after selling 6,379 shares during the quarter. Raymond James & Associates’ holdings in Mission Produce were worth $2,289,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lazard Asset Management LLC boosted its holdings in shares of Mission Produce by 49.2% in the first quarter. Lazard Asset Management LLC now owns 2,450 shares of the company’s stock worth $30,000 after buying an additional 808 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Mission Produce by 3,991.7% during the first quarter. PNC Financial Services Group Inc. now owns 3,437 shares of the company’s stock valued at $43,000 after purchasing an additional 3,353 shares in the last quarter. Amalgamated Bank purchased a new position in Mission Produce during the first quarter valued at approximately $59,000. Penserra Capital Management LLC lifted its holdings in Mission Produce by 73.9% during the first quarter. Penserra Capital Management LLC now owns 6,530 shares of the company’s stock valued at $82,000 after purchasing an additional 2,776 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Mission Produce by 53.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,451 shares of the company’s stock valued at $106,000 after purchasing an additional 2,590 shares in the last quarter. Hedge funds and other institutional investors own 22.48% of the company’s stock.

Mission Produce Price Performance

AVO stock opened at $11.99 on Monday. Mission Produce, Inc. has a one year low of $11.04 and a one year high of $16.96. The company’s fifty day moving average price is $14.12 and its 200-day moving average price is $14.95. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.52 and a current ratio of 2.24. The company has a market capitalization of $847.33 million, a PE ratio of -24.47 and a beta of 0.49.

Wall Street Analysts Forecast Growth

AVO has been the topic of several analyst reports. TheStreet downgraded shares of Mission Produce from a “b-” rating to a “c+” rating in a report on Friday, December 16th. Stephens lowered their price target on shares of Mission Produce from $20.00 to $15.00 and set an “overweight” rating on the stock in a report on Friday, December 23rd.

About Mission Produce

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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.