Jane Street Group LLC Grows Stock Position in Mission Produce, Inc. (NASDAQ:AVO)

Jane Street Group LLC boosted its position in Mission Produce, Inc. (NASDAQ:AVO) by 171.9% in the third quarter, Holdings Channel.com reports. The firm owned 158,257 shares of the company’s stock after acquiring an additional 100,055 shares during the quarter. Jane Street Group LLC’s holdings in Mission Produce were worth $2,029,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the business. Point72 Asset Management L.P. purchased a new stake in shares of Mission Produce in the 2nd quarter worth about $53,000. Point72 DIFC Ltd acquired a new position in Mission Produce in the second quarter valued at $53,000. Quantbot Technologies LP purchased a new stake in shares of Mission Produce during the 3rd quarter worth about $76,000. nVerses Capital LLC acquired a new position in shares of Mission Produce during the second quarter worth $67,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Mission Produce during the 2nd quarter valued at $73,000. 63.57% of the stock is currently owned by hedge funds and other institutional investors.

Mission Produce Stock Down 0.3 %

Shares of AVO stock opened at $14.39 on Wednesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.40 and a current ratio of 2.02. The business’s fifty day moving average is $12.88 and its 200-day moving average is $11.70. Mission Produce, Inc. has a 1 year low of $9.54 and a 1 year high of $15.25. The stock has a market cap of $1.02 billion, a PE ratio of 43.61 and a beta of 0.54.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on AVO shares. Roth Mkm lifted their price target on shares of Mission Produce from $14.00 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th. Lake Street Capital reissued a “buy” rating and set a $15.00 target price on shares of Mission Produce in a research note on Tuesday, September 10th.

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.