Integrated Advisors Network LLC Trims Holdings in Mission Produce, Inc. (NASDAQ:AVO)

Integrated Advisors Network LLC cut its holdings in Mission Produce, Inc. (NASDAQ:AVO - Free Report) by 6.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 841,000 shares of the company's stock after selling 60,000 shares during the quarter. Integrated Advisors Network LLC owned approximately 1.19% of Mission Produce worth $12,085,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AVO. Dimensional Fund Advisors LP increased its holdings in shares of Mission Produce by 16.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,787,778 shares of the company's stock valued at $25,691,000 after acquiring an additional 257,344 shares during the period. American Century Companies Inc. raised its holdings in Mission Produce by 328.2% in the fourth quarter. American Century Companies Inc. now owns 485,095 shares of the company's stock worth $6,971,000 after purchasing an additional 371,813 shares in the last quarter. Millennium Management LLC lifted its position in shares of Mission Produce by 153.3% during the fourth quarter. Millennium Management LLC now owns 453,757 shares of the company's stock valued at $6,520,000 after buying an additional 274,591 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Mission Produce by 12.0% in the 4th 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. Finally, Marshall Wace LLP grew its position in shares of Mission Produce by 23.7% in the 4th quarter. Marshall Wace LLP now owns 418,303 shares of the company's stock worth $6,011,000 after buying an additional 80,161 shares during the last quarter. 63.57% of the stock is currently owned by institutional investors.

Mission Produce Stock Up 3.4%

Shares of NASDAQ AVO traded up $0.36 during trading hours on Wednesday, hitting $10.83. 346,354 shares of the stock were exchanged, compared to its average volume of 289,003. Mission Produce, Inc. has a 12 month low of $9.54 and a 12 month high of $15.25. The firm has a fifty day moving average price of $10.27 and a 200-day moving average price of $11.73. The company has a quick ratio of 1.26, a current ratio of 1.87 and a debt-to-equity ratio of 0.23. The company has a market cap of $769.71 million, a PE ratio of 21.24 and a beta of 0.54.

Insiders Place Their Bets

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