Centiva Capital LP Makes New Investment in Mission Produce, Inc. (NASDAQ:AVO)

Centiva Capital LP bought a new stake in shares of Mission Produce, Inc. (NASDAQ:AVO) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 11,788 shares of the company’s stock, valued at approximately $151,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Dimensional Fund Advisors LP raised its position in Mission Produce by 25.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,327,266 shares of the company’s stock worth $13,113,000 after acquiring an additional 266,489 shares during the period. Walleye Capital LLC purchased a new position in Mission Produce in the 3rd quarter valued at about $1,939,000. Marshall Wace LLP boosted its holdings in Mission Produce by 202.1% in the 2nd quarter. Marshall Wace LLP now owns 215,047 shares of the company’s stock worth $2,125,000 after buying an additional 143,858 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Mission Produce during the 3rd quarter worth approximately $1,295,000. Finally, Wedge Capital Management L L P NC purchased a new stake in shares of Mission Produce during the third quarter worth approximately $955,000. Hedge funds and other institutional investors own 63.57% of the company’s stock.

Mission Produce Stock Down 0.5 %

Shares of AVO opened at $13.16 on Friday. Mission Produce, Inc. has a 52-week low of $8.76 and a 52-week high of $14.17. The company has a quick ratio of 1.40, a current ratio of 2.02 and a debt-to-equity ratio of 0.28. The stock has a fifty day simple moving average of $12.74 and a two-hundred day simple moving average of $11.63. The company has a market capitalization of $933.19 million, a PE ratio of 39.88 and a beta of 0.54.

Analyst Ratings Changes

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

Insider Activity at Mission Produce

In related news, Director Jay A. Pack sold 22,000 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $13.41, for a total value of $295,020.00. Following the completion of the transaction, the director now directly owns 1,115,160 shares in the company, valued at approximately $14,954,295.60. This represents a 1.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Taylor Family Investments, Llc sold 100,100 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $13.25, for a total value of $1,326,325.00. Following the sale, the director now directly owns 8,630,002 shares of the company’s stock, valued at approximately $114,347,526.50. This trade represents a 1.15 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 195,113 shares of company stock valued at $2,592,130. 41.60% of the stock is owned by company insiders.

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.