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 22.14% during the most recent quarter end. The investment management company now holds a total of 38,115 shares of Calavo Growers which is valued at $2,355,507 after selling 10,839 shares in Calavo Growers , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Calavo Growers makes up approximately 4.06% of Messner Smith Theme Value Investment Management Ltd Ca’s portfolio.

Other Hedge Funds, Including , Blackrock Fund Advisors boosted its stake in CVGW in the latest quarter, The investment management firm added 7,330 additional shares and now holds a total of 948,460 shares of Calavo Growers which is valued at $58,614,828. Calavo Growers makes up approx 0.01% of Blackrock Fund Advisors’s portfolio.Stephens Investment Management Group reduced its stake in CVGW by selling 26,695 shares or 9.71% in the most recent quarter. The Hedge Fund company now holds 248,320 shares of CVGW which is valued at $16,277,376. Calavo Growers makes up approx 0.51% of Stephens Investment Management Group’s portfolio.Capital One National Association reduced its stake in CVGW by selling 3,660 shares or 25.62% in the most recent quarter. The Hedge Fund company now holds 10,627 shares of CVGW which is valued at $704,889. Calavo Growers makes up approx 0.06% of Capital One National Association’s portfolio.

Calavo Growers opened for trading at $60.08 and hit $60.94 on the upside on Friday, eventually ending the session at $60.22, with a gain of 0.22% or 0.13 points. The heightened volatility saw the trading volume jump to 2,16,066 shares. Company has a market cap of $1,050 M.

On the company’s financial health, Calavo Growers reported $0.56 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jun 6, 2016. Analyst had a consensus of $0.49. The company had revenue of $220.30 million for the quarter, compared to analysts expectations of $242.33 million. The company’s revenue was down -.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.49 EPS.

Many Wall Street Analysts have commented on Calavo Growers. Wunderlich Initiated Calavo Growers on Jun 22, 2016 to “Buy”, Price Target of the shares are set at $75.

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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