Renaissance Technologies LLC Acquires 70,500 Shares of Mission Produce, Inc. (NASDAQ:AVO)

Renaissance Technologies LLC grew its stake in Mission Produce, Inc. (NASDAQ:AVO - Free Report) by 211.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,800 shares of the company's stock after acquiring an additional 70,500 shares during the period. Renaissance Technologies LLC owned 0.15% of Mission Produce worth $1,492,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Invesco Ltd. grew its position in shares of Mission Produce by 1.2% in the 4th quarter. Invesco Ltd. now owns 96,888 shares of the company's stock valued at $1,392,000 after acquiring an additional 1,123 shares during the period. R Squared Ltd bought a new position in Mission Produce during the fourth quarter worth about $34,000. New York State Teachers Retirement System bought a new position in Mission Produce during the fourth quarter worth about $57,000. New York State Common Retirement Fund increased its position in Mission Produce by 72.6% during the fourth quarter. New York State Common Retirement Fund now owns 9,509 shares of the company's stock worth $137,000 after buying an additional 4,000 shares during the last quarter. Finally, EntryPoint Capital LLC raised its stake in Mission Produce by 30.2% in the fourth quarter. EntryPoint Capital LLC now owns 19,274 shares of the company's stock valued at $277,000 after buying an additional 4,472 shares during the period. Institutional investors and hedge funds own 63.57% of the company's stock.

Mission Produce Stock Performance

Shares of AVO stock traded up $0.13 during trading on Friday, reaching $10.53. 124,207 shares of the company's stock were exchanged, compared to its average volume of 291,997. Mission Produce, Inc. has a twelve month low of $9.54 and a twelve month high of $15.25. The firm's fifty day moving average price is $10.50 and its 200-day moving average price is $11.96. 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 stock has a market capitalization of $748.39 million, a PE ratio of 20.65 and a beta of 0.54.

Insider Buying and Selling at Mission Produce

In other news, insider Juan R. Wiesner sold 75,153 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $10.08, for a total transaction of $757,542.24. Following the transaction, the insider now owns 1,000,000 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. 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.