Teacher Retirement System of Texas Boosts Holdings in Calavo Growers, Inc. (NASDAQ:CVGW)

Teacher Retirement System of Texas boosted its holdings in Calavo Growers, Inc. (NASDAQ:CVGW - Free Report) by 390.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 60,533 shares of the company's stock after acquiring an additional 48,193 shares during the period. Teacher Retirement System of Texas owned 0.34% of Calavo Growers worth $1,452,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of CVGW. American Century Companies Inc. boosted its stake in shares of Calavo Growers by 26.8% during the 4th quarter. American Century Companies Inc. now owns 445,817 shares of the company's stock worth $11,368,000 after purchasing an additional 94,221 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Calavo Growers by 104.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 150,960 shares of the company's stock worth $3,849,000 after purchasing an additional 77,220 shares during the last quarter. Squarepoint Ops LLC boosted its stake in shares of Calavo Growers by 363.0% during the 4th quarter. Squarepoint Ops LLC now owns 78,538 shares of the company's stock worth $2,003,000 after purchasing an additional 61,574 shares during the last quarter. Penn Capital Management Company LLC boosted its stake in shares of Calavo Growers by 54.0% during the 4th quarter. Penn Capital Management Company LLC now owns 168,344 shares of the company's stock worth $4,293,000 after purchasing an additional 58,995 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its stake in shares of Calavo Growers by 46.9% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 180,268 shares of the company's stock worth $4,597,000 after purchasing an additional 57,575 shares during the last quarter. 81.30% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Calavo Growers from a "buy" rating to a "hold" rating in a research note on Thursday, May 15th.

Calavo Growers Trading Down 2.5%

Shares of CVGW traded down $0.69 during mid-day trading on Friday, hitting $26.68. The company had a trading volume of 343,653 shares, compared to its average volume of 245,777. The business's 50-day simple moving average is $26.68 and its 200-day simple moving average is $24.99. The company has a quick ratio of 1.54, a current ratio of 2.00 and a debt-to-equity ratio of 0.02. Calavo Growers, Inc. has a 1-year low of $20.30 and a 1-year high of $30.02. The stock has a market cap of $475.89 million, a PE ratio of 46.00 and a beta of 0.39.

Calavo Growers (NASDAQ:CVGW - Get Free Report) last released its earnings results on Monday, June 9th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.13). Calavo Growers had a return on equity of 11.79% and a net margin of 1.50%. The company had revenue of $190.55 million during the quarter, compared to analyst estimates of $192.75 million. During the same period in the prior year, the business posted $0.50 earnings per share. Calavo Growers's revenue was up 3.3% on a year-over-year basis. Sell-side analysts forecast that Calavo Growers, Inc. will post 1.87 earnings per share for the current year.

Calavo Growers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 30th. Investors of record on Monday, June 30th will be given a $0.20 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.80 annualized dividend and a dividend yield of 3.00%. Calavo Growers's dividend payout ratio is presently 137.93%.

Insider Activity

In related news, CEO Lecil E. Cole bought 38,155 shares of the firm's stock in a transaction that occurred on Monday, April 14th. The shares were acquired at an average cost of $24.60 per share, with a total value of $938,613.00. Following the completion of the transaction, the chief executive officer owned 574,225 shares of the company's stock, valued at approximately $14,125,935. The trade was a 7.12% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 7.20% of the company's stock.

Calavo Growers Company 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.