Messner Smith Theme Value Investment Management Ltd Ca Lowers stake in Calavo Growers (CVGW)

Calavo Growers (CVGW) : Messner Smith Theme Value Investment Management Ltd Ca reduced its stake in Calavo Growers by 36.64% during the most recent quarter end. The investment management company now holds a total of 48,954 shares of Calavo Growers which is valued at $2,788,420 after selling 28,308 shares in Calavo Growers , the firm said in a disclosure report filed with the SEC on May 10, 2016.Calavo Growers makes up approximately 5.64% of Messner Smith Theme Value Investment Management Ltd Ca’s portfolio.

Other Hedge Funds, Including , Blackrock Investment Management boosted its stake in CVGW in the latest quarter, The investment management firm added 2,488 additional shares and now holds a total of 60,572 shares of Calavo Growers which is valued at $3,450,181.Ftb Advisors reduced its stake in CVGW by selling 332 shares or 79.62% in the most recent quarter. The Hedge Fund company now holds 85 shares of CVGW which is valued at $4,842.Proshare Advisors boosted its stake in CVGW in the latest quarter, The investment management firm added 7,025 additional shares and now holds a total of 13,221 shares of Calavo Growers which is valued at $745,797. Calavo Growers makes up approx 0.01% of Proshare Advisors’s portfolio.Public Employees Retirement Association Of Colorado boosted its stake in CVGW in the latest quarter, The investment management firm added 99 additional shares and now holds a total of 141,886 shares of Calavo Growers which is valued at $8,111,623. Calavo Growers makes up approx 0.07% of Public Employees Retirement Association Of Colorado’s portfolio. Moody Aldrich Partners added CVGW to its portfolio by purchasing 14,065 company shares during the most recent quarter which is valued at $804,096. Calavo Growers makes up approx 1.71% of Moody Aldrich Partners’s portfolio.

Calavo Growers opened for trading at $57.26 and hit $57.9 on the upside on Monday, eventually ending the session at $57.64, with a gain of 1.19% or 0.68 points. The heightened volatility saw the trading volume jump to 99,616 shares. Company has a market cap of $1,005 M.

On the company’s financial health, Calavo Growers reported $0.37 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Mar 8, 2016. Analyst had a consensus of $0.35. The company had revenue of $204.60 million for the quarter, compared to analysts expectations of $212.72 million. The company’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS.

Many Wall Street Analysts have commented on Calavo Growers. Shares were Downgraded by DA Davidson on Mar 2, 2016 to ” Neutral” and Lowered the Price Target to $ 56 from a previous price target of $58 .

Calavo Growers Inc. (Calavo) is a provider of fresh food. The Company is engaged in the marketing and distribution of avocados prepared avocados and other perishable foods. It also delivers an array of fresh and prepared food products to food distributors produce wholesalers supermarkets convenience stores and restaurants. The Company sorts packs and/or ripens avocados tomatoes and/or Hawaiian grown papayas. The Company operates in three business segments: Fresh products Calavo Foods and Renaissance Food Group LLC (RFG). Its Fresh products segment is engaged in the distribution of avocados and other fresh produce products. Its Calavo Foods is engaged in the purchase manufacturing and distribution of prepared products including guacamole tortilla chips and salsa. The RFG segment is engaged in the manufacturing and distribution of fresh-cut fruit ready-to-eat vegetables recipe-ready vegetables and deli meat products.

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