Limoneira Co $LMNR Shares Sold by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors reduced its Limoneira stake by 15.2%, selling 76,615 shares and retaining 428,605 shares worth approximately $5.75 million. Institutional investors collectively own 64.35% of the company.
• Analyst sentiment is mixed, with three Buy ratings, two Holds and one Sell; the consensus rating is Hold with an $18 price target.
• Limoneira shares opened at $13.99, up 1.7%, while the company reported a quarterly loss of $0.29 per share that missed estimates, despite revenue of $23.93 million exceeding forecasts.

Dimensional Fund Advisors LP cut its stake in Limoneira Co (NASDAQ:LMNR - Free Report) by 15.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 428,605 shares of the company's stock after selling 76,615 shares during the quarter. Dimensional Fund Advisors LP owned about 2.37% of Limoneira worth $5,752,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. BNP Paribas Financial Markets grew its stake in shares of Limoneira by 64.8% in the second quarter. BNP Paribas Financial Markets now owns 1,699 shares of the company's stock valued at $27,000 after buying an additional 668 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Limoneira by 3.8% during the second quarter. American Century Companies Inc. now owns 36,690 shares of the company's stock valued at $574,000 after purchasing an additional 1,359 shares during the period. Russell Investments Group Ltd. lifted its position in shares of Limoneira by 5.7% during the third quarter. Russell Investments Group Ltd. now owns 25,614 shares of the company's stock worth $380,000 after purchasing an additional 1,380 shares in the last quarter. Leonteq Securities AG lifted its position in shares of Limoneira by 88.8% during the first quarter. Leonteq Securities AG now owns 3,386 shares of the company's stock worth $45,000 after purchasing an additional 1,593 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in shares of Limoneira by 3.3% in the fourth quarter. Advisors Asset Management Inc. now owns 56,794 shares of the company's stock valued at $717,000 after purchasing an additional 1,814 shares during the period. Institutional investors and hedge funds own 64.35% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Lake Street Capital decreased their price objective on shares of Limoneira from $19.00 to $18.00 and set a "buy" rating for the company in a research report on Wednesday, June 10th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Limoneira in a research report on Wednesday, June 24th. Finally, HC Wainwright cut Limoneira to a "buy" rating in a research note on Wednesday, June 10th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $18.00.

Limoneira Stock Up 1.7%

Shares of Limoneira stock opened at $13.99 on Wednesday. The company has a quick ratio of 1.53, a current ratio of 1.68 and a debt-to-equity ratio of 0.61. The firm has a market cap of $253.64 million, a P/E ratio of -6.14 and a beta of 0.30. Limoneira Co has a fifty-two week low of $11.66 and a fifty-two week high of $16.62. The business has a 50-day moving average price of $13.20 and a 200 day moving average price of $13.39.

Limoneira (NASDAQ:LMNR - Get Free Report) last released its earnings results on Tuesday, June 9th. The company reported ($0.29) EPS for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.08). Limoneira had a negative return on equity of 13.94% and a negative net margin of 30.50%.The firm had revenue of $23.93 million for the quarter, compared to the consensus estimate of $21.42 million. On average, sell-side analysts forecast that Limoneira Co will post -0.47 earnings per share for the current fiscal year.

Limoneira Profile

Limoneira Company NASDAQ: LMNR, founded in 1893 and based in Santa Paula, California, is a diversified agribusiness and real estate enterprise. As one of the oldest citrus producers in the United States, Limoneira has built a reputation for cultivating and marketing high-quality citrus fruits, avocados and specialty crops. The company's vertically integrated model encompasses farming, packing, processing and marketing activities designed to deliver fresh produce to domestic and international markets.

In its agricultural operations, Limoneira specializes in lemons, oranges and avocados, employing modern irrigation, harvesting and packing technologies to maintain consistent product quality and supply.

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