Cubist Systematic Strategies LLC Decreases Holdings in Mission Produce, Inc. (NASDAQ:AVO)

Cubist Systematic Strategies LLC lowered its position in Mission Produce, Inc. (NASDAQ:AVO - Free Report) by 22.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 93,579 shares of the company's stock after selling 27,582 shares during the period. Cubist Systematic Strategies LLC owned about 0.13% of Mission Produce worth $1,345,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in shares of Mission Produce by 16.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,787,778 shares of the company's stock valued at $25,691,000 after purchasing an additional 257,344 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Mission Produce by 328.2% during the 4th quarter. American Century Companies Inc. now owns 485,095 shares of the company's stock valued at $6,971,000 after purchasing an additional 371,813 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Mission Produce by 12.0% during the 4th quarter. Northern Trust Corp now owns 435,305 shares of the company's stock valued at $6,255,000 after purchasing an additional 46,748 shares during the last quarter. Marshall Wace LLP boosted its holdings in shares of Mission Produce by 23.7% during the 4th quarter. Marshall Wace LLP now owns 418,303 shares of the company's stock valued at $6,011,000 after purchasing an additional 80,161 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Mission Produce by 23.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 415,132 shares of the company's stock valued at $5,965,000 after purchasing an additional 78,106 shares during the last quarter. Institutional investors own 63.57% of the company's stock.

Mission Produce Price Performance

Shares of AVO traded down $0.17 during midday trading on Monday, hitting $10.68. 179,784 shares of the company traded hands, compared to its average volume of 290,044. The firm has a 50 day moving average of $10.24 and a 200-day moving average of $11.85. Mission Produce, Inc. has a 52 week low of $9.54 and a 52 week high of $15.25. The stock has a market cap of $759.05 million, a price-to-earnings ratio of 20.94 and a beta of 0.54. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.26 and a current ratio of 1.87.

Insider Buying and Selling at Mission Produce

In other news, insider Juan R. Wiesner sold 75,153 shares of the company's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $10.08, for a total transaction of $757,542.24. Following the sale, the insider now directly owns 1,000,000 shares in the company, valued at approximately $10,080,000. This represents a 6.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 35.41% of the company's stock.

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.