Renaissance Technologies LLC Increases Stake in Mission Produce, Inc. (NASDAQ:AVO)

Renaissance Technologies LLC raised its stake in Mission Produce, Inc. (NASDAQ:AVO - Free Report) by 211.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 103,800 shares of the company's stock after purchasing an additional 70,500 shares during the period. Renaissance Technologies LLC owned 0.15% of Mission Produce worth $1,492,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in Mission Produce by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,076,007 shares of the company's stock valued at $13,797,000 after buying an additional 22,090 shares in the last quarter. American Century Companies Inc. raised its position in shares of Mission Produce by 328.2% in the 4th quarter. American Century Companies Inc. now owns 485,095 shares of the company's stock valued at $6,971,000 after purchasing an additional 371,813 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in Mission Produce by 23.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 415,132 shares of the company's stock worth $5,965,000 after purchasing an additional 78,106 shares during the last quarter. Trexquant Investment LP increased its stake in Mission Produce by 255.2% during the 4th quarter. Trexquant Investment LP now owns 201,975 shares of the company's stock valued at $2,902,000 after purchasing an additional 145,111 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Mission Produce by 36.5% during the 4th quarter. Bank of New York Mellon Corp now owns 164,353 shares of the company's stock valued at $2,362,000 after purchasing an additional 43,957 shares in the last quarter. 63.57% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Juan R. Wiesner sold 75,153 shares of the company's stock in a transaction on 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 directly owns 1,000,000 shares of the company's stock, valued at $10,080,000. This represents a 6.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 35.41% of the company's stock.

Mission Produce Stock Performance

Shares of NASDAQ AVO traded down $0.08 during mid-day trading on Thursday, hitting $10.40. The stock had a trading volume of 131,594 shares, compared to its average volume of 291,233. The company has a 50 day moving average of $10.58 and a two-hundred day moving average of $11.98. Mission Produce, Inc. has a twelve month low of $9.54 and a twelve month high of $15.25. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.26 and a current ratio of 1.87. The firm has a market cap of $739.15 million, a PE ratio of 20.39 and a beta of 0.54.

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.