New York State Teachers Retirement System Reduces Stock Holdings in Calavo Growers, Inc. (NASDAQ:CVGW)

New York State Teachers Retirement System reduced its stake in Calavo Growers, Inc. (NASDAQ:CVGW) by 3.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,532 shares of the company’s stock after selling 1,123 shares during the period. New York State Teachers Retirement System owned 0.19% of Calavo Growers worth $1,016,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in CVGW. Captrust Financial Advisors boosted its holdings in shares of Calavo Growers by 17.0% in the second quarter. Captrust Financial Advisors now owns 2,089 shares of the company’s stock valued at $87,000 after acquiring an additional 303 shares during the period. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Calavo Growers by 6.0% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 5,488 shares of the company’s stock valued at $159,000 after acquiring an additional 311 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Calavo Growers by 3.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 11,145 shares of the company’s stock valued at $321,000 after acquiring an additional 328 shares during the period. Advisor Group Holdings Inc. boosted its holdings in shares of Calavo Growers by 5.5% in the first quarter. Advisor Group Holdings Inc. now owns 7,365 shares of the company’s stock valued at $270,000 after acquiring an additional 384 shares during the period. Finally, FMR LLC boosted its holdings in shares of Calavo Growers by 102.2% in the second quarter. FMR LLC now owns 910 shares of the company’s stock valued at $38,000 after acquiring an additional 460 shares during the period. 81.30% of the stock is currently owned by hedge funds and other institutional investors.

Calavo Growers Price Performance

Shares of NASDAQ CVGW opened at $26.03 on Thursday. Calavo Growers, Inc. has a 1-year low of $21.42 and a 1-year high of $38.97. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.03 and a quick ratio of 1.70. The stock has a fifty day moving average price of $27.72 and a 200 day moving average price of $26.82. The company has a market cap of $463.33 million, a PE ratio of -39.44 and a beta of 0.65.

Calavo Growers (NASDAQ:CVGW) last released its earnings results on Monday, March 11th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.18). Calavo Growers had a negative net margin of 1.32% and a positive return on equity of 0.49%. The business had revenue of $127.60 million during the quarter, compared to analyst estimates of $254.25 million. During the same period last year, the business posted ($0.08) EPS. Calavo Growers’s revenue was down 3.9% compared to the same quarter last year. Sell-side analysts forecast that Calavo Growers, Inc. will post 1.04 EPS for the current year.

Calavo Growers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Monday, April 1st will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $0.40 annualized dividend and a dividend yield of 1.54%. Calavo Growers’s dividend payout ratio is presently -60.61%.

Analyst Ratings Changes

Separately, Stephens reissued an “equal weight” rating and issued a $32.00 price objective on shares of Calavo Growers in a report on Wednesday, January 17th.

Calavo Growers Profile

Calavo Growers, Inc markets and distributes avocados, prepared avocados, and other perishable foods to retail grocery and foodservice customers, club stores, mass merchandisers, food distributors, and wholesale customers worldwide. It operates through Grown and Prepared segments. The Grown segment distributes tomatoes and papayas; and procures avocados grown in California, Mexico, Peru, and Colombia.