Mission Produce, Inc. (NASDAQ:AVO) Stake Cut by Jane Street Group LLC

Jane Street Group LLC trimmed its holdings in shares of Mission Produce, Inc. (NASDAQ:AVO - Free Report) by 85.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,529 shares of the company's stock after selling 134,728 shares during the period. Jane Street Group LLC's holdings in Mission Produce were worth $338,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Northern Trust Corp grew its stake in shares of Mission Produce by 12.0% in the fourth quarter. Northern Trust Corp now owns 435,305 shares of the company's stock valued at $6,255,000 after buying an additional 46,748 shares in the last quarter. Tudor Investment Corp ET AL acquired a new stake in Mission Produce in the fourth quarter valued at approximately $507,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Mission Produce during the fourth quarter valued at approximately $550,000. RBF Capital LLC raised its stake in shares of Mission Produce by 272.0% during the fourth quarter. RBF Capital LLC now owns 74,410 shares of the company's stock valued at $1,069,000 after purchasing an additional 54,408 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in Mission Produce by 19.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,392 shares of the company's stock valued at $250,000 after purchasing an additional 2,819 shares in the last quarter. 63.57% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

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 value of $757,542.24. Following the sale, the insider now 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 document filed with the SEC, which can be accessed through this hyperlink. Insiders own 35.41% of the company's stock.

Mission Produce Stock Down 3.3%

AVO stock traded down $0.35 during trading on Thursday, reaching $10.23. The stock had a trading volume of 99,395 shares, compared to its average volume of 293,389. Mission Produce, Inc. has a 1-year low of $9.54 and a 1-year high of $15.25. The company has a current ratio of 1.87, a quick ratio of 1.26 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $727.28 million, a P/E ratio of 20.13 and a beta of 0.56. The firm has a fifty day moving average price of $10.40 and a 200 day moving average price of $11.64.

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.