Raymond James Financial Services Advisors Inc. reduced its position in shares of Village Farms International, Inc. (NASDAQ:VFF – Get Rating) by 3.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 332,528 shares of the company’s stock after selling 13,282 shares during the quarter. Raymond James Financial Services Advisors Inc. owned about 0.38% of Village Farms International worth $635,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of the company. ExodusPoint Capital Management LP purchased a new position in Village Farms International during the 2nd quarter worth $30,000. Renaissance Technologies LLC purchased a new position in shares of Village Farms International in the 2nd quarter valued at $636,000. Baader Bank Aktiengesellschaft purchased a new position in shares of Village Farms International in the 2nd quarter valued at $261,000. Cibc World Market Inc. purchased a new position in shares of Village Farms International in the 2nd quarter valued at $31,000. Finally, AdvisorShares Investments LLC increased its holdings in shares of Village Farms International by 20.4% in the 2nd quarter. AdvisorShares Investments LLC now owns 4,845,831 shares of the company’s stock valued at $12,648,000 after acquiring an additional 821,590 shares during the period. 14.16% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other Village Farms International news, CFO Stephen C. Ruffini sold 100,000 shares of Village Farms International stock in a transaction dated Friday, January 13th. The stock was sold at an average price of $1.53, for a total transaction of $153,000.00. Following the completion of the sale, the chief financial officer now owns 639,200 shares of the company’s stock, valued at approximately $977,976. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 13.40% of the stock is currently owned by insiders.
Village Farms International Stock Down 3.6 %
Village Farms International (NASDAQ:VFF – Get Rating) last posted its quarterly earnings data on Wednesday, November 9th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.02). The business had revenue of $71.06 million during the quarter, compared to analyst estimates of $77.11 million. Village Farms International had a negative return on equity of 5.24% and a negative net margin of 16.75%. Equities research analysts forecast that Village Farms International, Inc. will post -0.26 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on VFF shares. Cantor Fitzgerald lifted their price target on Village Farms International from $6.75 to $7.25 and gave the company an “overweight” rating in a report on Thursday, November 10th. Atb Cap Markets reiterated an “outperform” rating on shares of Village Farms International in a report on Monday, October 31st. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $6.81.
Village Farms International Company Profile
Village Farms International, Inc, together with its subsidiaries, produces, markets, and distributes greenhouse-grown tomatoes, bell peppers, and cucumbers in North America. It operates through four segments: Produce, Cannabis-Canada, Cannabis-U.S., and Energy. The company also owns and operates a power plant that generates and sells electricity, and provides thermal heat to British Columbia Hydro and Power Authority; produces and supplies cannabis products to other licensed providers and provincial governments in Canada and internationally; and develops and sells cannabinoid-based health and wellness products, including ingestible, edibles, and topical applications.
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