Cerity Partners LLC Takes $426,000 Position in Mission Produce, Inc. (NASDAQ:AVO)

Cerity Partners LLC bought a new stake in shares of Mission Produce, Inc. (NASDAQ:AVO - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 40,648 shares of the company's stock, valued at approximately $426,000. Cerity Partners LLC owned approximately 0.06% of Mission Produce at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of AVO. Raymond James Financial Inc. purchased a new position in shares of Mission Produce during the fourth quarter valued at approximately $803,000. HighTower Advisors LLC purchased a new position in shares of Mission Produce during the fourth quarter valued at approximately $166,000. Teacher Retirement System of Texas purchased a new position in shares of Mission Produce during the fourth quarter valued at approximately $1,133,000. Quantbot Technologies LP raised its holdings in shares of Mission Produce by 104.7% during the fourth quarter. Quantbot Technologies LP now owns 12,062 shares of the company's stock valued at $173,000 after purchasing an additional 6,169 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in Mission Produce by 328.2% during the fourth quarter. American Century Companies Inc. now owns 485,095 shares of the company's stock valued at $6,971,000 after buying an additional 371,813 shares during the last quarter. Institutional investors own 63.57% of the company's stock.

Mission Produce Stock Performance

AVO opened at $12.05 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.98 and a quick ratio of 1.23. The company has a 50 day simple moving average of $11.67 and a two-hundred day simple moving average of $11.27. Mission Produce, Inc. has a 1-year low of $9.56 and a 1-year high of $15.25. The firm has a market cap of $850.97 million, a P/E ratio of 24.10 and a beta of 0.57.

Mission Produce (NASDAQ:AVO - Get Free Report) last announced its earnings results on Thursday, June 5th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.09. The business had revenue of $380.30 million for the quarter, compared to the consensus estimate of $296.15 million. Mission Produce had a net margin of 2.63% and a return on equity of 7.82%. The business's revenue for the quarter was up 27.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.14 earnings per share. Equities analysts forecast that Mission Produce, Inc. will post 0.34 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Bryan E. Giles sold 3,500 shares of Mission Produce stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $11.43, for a total transaction of $40,005.00. Following the completion of the transaction, the chief financial officer directly owned 131,062 shares of the company's stock, valued at $1,498,038.66. The trade was a 2.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 35.41% of the company's stock.

About Mission Produce

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.

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