Sherbrooke Park Advisers LLC Has $566,000 Stock Position in Mission Produce, Inc. (NASDAQ:AVO)

Sherbrooke Park Advisers LLC lowered its position in Mission Produce, Inc. (NASDAQ:AVO - Free Report) by 57.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 39,367 shares of the company's stock after selling 52,565 shares during the period. Sherbrooke Park Advisers LLC owned 0.06% of Mission Produce worth $566,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in AVO. Prudential Financial Inc. acquired a new position in Mission Produce during the fourth quarter valued at approximately $635,000. JPMorgan Chase & Co. boosted its position in shares of Mission Produce by 48.6% in the third quarter. JPMorgan Chase & Co. now owns 51,863 shares of the company's stock valued at $665,000 after acquiring an additional 16,968 shares during the period. Teacher Retirement System of Texas bought a new stake in shares of Mission Produce in the fourth quarter valued at approximately $1,133,000. HighTower Advisors LLC bought a new stake in shares of Mission Produce in the fourth quarter valued at approximately $166,000. Finally, New York State Common Retirement Fund boosted its position in shares of Mission Produce by 72.6% in the fourth quarter. New York State Common Retirement Fund now owns 9,509 shares of the company's stock valued at $137,000 after acquiring an additional 4,000 shares during the period. Institutional investors and hedge funds own 63.57% of the company's stock.

Mission Produce Stock Performance

Shares of AVO traded up $0.09 during mid-day trading on Tuesday, hitting $10.77. The company's stock had a trading volume of 132,564 shares, compared to its average volume of 289,729. Mission Produce, Inc. has a one year low of $9.54 and a one year 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 capitalization of $765.45 million, a PE ratio of 21.12 and a beta of 0.54. The stock's 50-day moving average is $10.24 and its two-hundred day moving average is $11.85.

Insider Activity

In other Mission Produce news, insider Juan R. Wiesner sold 75,153 shares of the stock in a transaction 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 completion of the transaction, the insider now directly owns 1,000,000 shares in the company, valued at $10,080,000. This represents a 6.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 35.41% of the stock is owned by company insiders.

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.