Zurcher Kantonalbank Zurich Cantonalbank Has $87,000 Stock Holdings in Calavo Growers, Inc. (NASDAQ:CVGW)

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Calavo Growers, Inc. (NASDAQ:CVGW) by 40.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,831 shares of the company’s stock after purchasing an additional 1,100 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Calavo Growers were worth $87,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in CVGW. Charles Schwab Investment Management Inc. lifted its stake in shares of Calavo Growers by 8.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 348,098 shares of the company’s stock valued at $10,238,000 after purchasing an additional 26,434 shares during the period. Dimensional Fund Advisors LP raised its stake in Calavo Growers by 9.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 688,845 shares of the company’s stock worth $20,259,000 after buying an additional 60,803 shares during the period. Boston Partners acquired a new position in Calavo Growers during the 4th quarter worth approximately $351,000. SG Capital Management LLC acquired a new position in Calavo Growers during the 4th quarter worth approximately $7,851,000. Finally, Garner Asset Management Corp acquired a new position in Calavo Growers during the 4th quarter worth approximately $90,000. 81.30% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Calavo Growers from a “sell” rating to a “hold” rating in a research note on Saturday, August 3rd.

Calavo Growers Stock Performance

Shares of CVGW opened at $26.62 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.66 and a current ratio of 1.97. The stock has a 50 day moving average price of $23.23 and a two-hundred day moving average price of $25.51. The firm has a market capitalization of $473.84 million, a P/E ratio of -295.78 and a beta of 0.56. Calavo Growers, Inc. has a 52 week low of $20.30 and a 52 week high of $31.26.

Calavo Growers (NASDAQ:CVGW) last issued its quarterly earnings data on Monday, June 10th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.19. The firm had revenue of $184.38 million during the quarter, compared to analyst estimates of $157.00 million. Calavo Growers had a positive return on equity of 4.84% and a negative net margin of 0.18%. Equities analysts forecast that Calavo Growers, Inc. will post 1.15 earnings per share for the current fiscal year.

About Calavo Growers

Calavo Growers, Inc markets and distributes avocados, prepared avocados, and other perishable foods to retail grocery and foodservice customers, club stores, mass merchandisers, food distributors, and wholesale customers worldwide. It operates through Grown and Prepared segments. The Grown segment distributes tomatoes and papayas; and procures avocados grown in California, Mexico, Peru, and Colombia.