Cubist Systematic Strategies LLC Cuts Position in Mission Produce, Inc. (NASDAQ:AVO)

Cubist Systematic Strategies LLC cut its holdings in Mission Produce, Inc. (NASDAQ:AVO - Free Report) by 22.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 93,579 shares of the company's stock after selling 27,582 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.13% of Mission Produce worth $1,345,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Barclays PLC grew its stake in shares of Mission Produce by 308.8% in the 3rd quarter. Barclays PLC now owns 67,092 shares of the company's stock valued at $860,000 after buying an additional 50,680 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Mission Produce by 48.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 51,863 shares of the company's stock valued at $665,000 after buying an additional 16,968 shares during the period. R Squared Ltd acquired a new stake in shares of Mission Produce in the 4th quarter valued at about $34,000. New York State Teachers Retirement System acquired a new stake in shares of Mission Produce in the 4th quarter valued at about $57,000. Finally, New York State Common Retirement Fund grew its stake in shares of Mission Produce by 72.6% in the 4th quarter. New York State Common Retirement Fund now owns 9,509 shares of the company's stock valued at $137,000 after buying an additional 4,000 shares during the period. 63.57% of the stock is owned by institutional investors.

Insider Activity

In other Mission Produce news, insider Juan R. Wiesner sold 21,892 shares of the firm's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $10.05, for a total transaction of $220,014.60. Following the transaction, the insider now directly owns 21,412 shares in the company, valued at approximately $215,190.60. This trade represents a 50.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 35.41% of the stock is currently owned by company insiders.

Mission Produce Stock Up 0.9%

Shares of AVO traded up $0.10 during trading hours on Friday, hitting $10.85. The stock had a trading volume of 197,486 shares, compared to its average volume of 290,420. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.87 and a quick ratio of 1.26. The firm has a 50 day simple moving average of $10.23 and a 200-day simple moving average of $11.85. The firm has a market capitalization of $771.13 million, a P/E ratio of 21.27 and a beta of 0.54. Mission Produce, Inc. has a 1-year low of $9.54 and a 1-year high of $15.25.

Mission Produce 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.