Village Farms International, Inc. (NASDAQ:VFF) Stake Cut by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. cut its holdings in Village Farms International, Inc. (NASDAQ:VFF) by 9.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 202,234 shares of the company’s stock after selling 20,776 shares during the period. Raymond James Financial Services Advisors Inc. owned about 0.18% of Village Farms International worth $154,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of VFF. Raymond James Trust N.A. lifted its stake in Village Farms International by 94.4% in the fourth quarter. Raymond James Trust N.A. now owns 37,063 shares of the company’s stock valued at $28,000 after buying an additional 18,000 shares during the last quarter. Penserra Capital Management LLC boosted its stake in Village Farms International by 19.5% during the 3rd quarter. Penserra Capital Management LLC now owns 744,788 shares of the company’s stock valued at $593,000 after purchasing an additional 121,750 shares during the period. Key Client Fiduciary Advisors LLC grew its position in Village Farms International by 7.7% in the 4th quarter. Key Client Fiduciary Advisors LLC now owns 545,705 shares of the company’s stock worth $415,000 after purchasing an additional 39,045 shares during the last quarter. Formidable Asset Management LLC grew its position in Village Farms International by 96.4% in the 3rd quarter. Formidable Asset Management LLC now owns 151,615 shares of the company’s stock worth $121,000 after purchasing an additional 74,408 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in shares of Village Farms International by 693.5% in the third quarter. Commonwealth Equity Services LLC now owns 100,690 shares of the company’s stock valued at $80,000 after purchasing an additional 88,000 shares during the period. Institutional investors own 12.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum increased their price objective on Village Farms International from $1.00 to $1.20 and gave the stock a “buy” rating in a report on Thursday, March 14th.

Village Farms International Price Performance

Shares of NASDAQ VFF opened at $1.27 on Friday. The stock has a market cap of $140.02 million, a P/E ratio of -4.54 and a beta of 2.44. The firm’s 50-day simple moving average is $1.04 and its 200 day simple moving average is $0.87. Village Farms International, Inc. has a fifty-two week low of $0.55 and a fifty-two week high of $1.57. The company has a quick ratio of 1.02, a current ratio of 2.10 and a debt-to-equity ratio of 0.13.

Village Farms International (NASDAQ:VFF) last released its quarterly earnings results on Wednesday, March 13th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.06). The company had revenue of $74.23 million for the quarter, compared to the consensus estimate of $70.03 million. Village Farms International had a negative return on equity of 5.58% and a negative net margin of 11.13%. Equities analysts expect that Village Farms International, Inc. will post -0.06 EPS for the current year.

Village Farms International Profile

Village Farms International, Inc, together with its subsidiaries, produces, markets, and sells 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 produces and supplies cannabis products to other licensed providers and provincial governments in Canada and internationally; develops and sells cannabinoid-based health and wellness products, including ingestible, edibles, and topical applications; and produces power.