Short Interest Buzzer: Calavo Growers Incorporated (NASDAQ:CVGW) Sellers Covered 5.64% of Their Shorts

November 30, 2016 - By Marie Mckinney   ·   0 Comments

Short Interest Buzzer: Calavo Growers Incorporated (NASDAQ:CVGW) Sellers Covered 5.64% of Their Shorts

The stock of Calavo Growers Incorporated (NASDAQ:CVGW) registered a decrease of 5.64% in short interest. CVGW’s total short interest was 912,400 shares in November as published by FINRA. Its down 5.64% from 966,900 shares, reported previously. With 106,300 shares average volume, it will take short sellers 9 days to cover their CVGW’s short positions. The short interest to Calavo Growers Incorporated’s float is 5.92%. About 113,699 shares traded hands. Calavo Growers, Inc. (NASDAQ:CVGW) has declined 3.06% since April 27, 2016 and is downtrending. It has underperformed by 8.28% the S&P500.

Calavo Growers, Inc. is a provider of fresh food. The company has a market cap of $938.49 million. The Firm is engaged in the marketing and distribution of avocados, prepared avocados and other perishable foods. It has a 28.29 P/E ratio. It also delivers an array of fresh and prepared food products to food distributors, produce wholesalers, supermarkets, convenience stores and restaurants.

Insitutional Activity: The institutional sentiment increased to 1.33 in 2016 Q2. Its up 0.01, from 1.32 in 2016Q1. The ratio increased, as 12 funds sold all Calavo Growers, Inc. shares owned while 41 reduced positions. 20 funds bought stakes while 50 increased positions. They now own 10.65 million shares or 1.12% less from 10.77 million shares in 2016Q1.
Creative Planning holds 36 shares or 0% of its portfolio. Tower Limited Co (Trc) holds 0.02% or 2,863 shares in its portfolio. Teacher Retirement Of Texas has 2,059 shares for 0% of their US portfolio. Dowling Yahnke Ltd Liability reported 5,910 shares or 0.05% of all its holdings. Blackrock Fund Advsr last reported 0.01% of its portfolio in the stock. Neuberger Berman Gp Limited Liability owns 834,877 shares or 0.08% of their US portfolio. Punch And Associate Inv Mngmt Incorporated reported 64,388 shares or 0.5% of all its holdings. Ladenburg Thalmann has invested 0% of its portfolio in Calavo Growers, Inc. (NASDAQ:CVGW). Gamco Investors Et Al accumulated 0% or 6,925 shares. Citigroup has 0% invested in the company for 6,789 shares. Cadence Capital Management Ltd Llc owns 13,184 shares or 0.07% of their US portfolio. Gabelli Funds Limited Liability Company, a New York-based fund reported 15,000 shares. Ameriprise Fin has invested 0% of its portfolio in Calavo Growers, Inc. (NASDAQ:CVGW). Prudential Financial Incorporated reported 37,946 shares or 0% of all its holdings. Thrivent Fin For Lutherans reported 7,120 shares or 0% of all its holdings.

Insider Transactions: Since June 8, 2016, the stock had 0 insider purchases, and 5 selling transactions for $3.66 million net activity. Shares for $65,900 were sold by Hollister Steve. The insider Catchot Kenneth J sold 35,647 shares worth $2.47M. $68,860 worth of shares were sold by Brown Marc Laurence on Monday, September 19. On Wednesday, September 14 HUNT JOHN M sold $979,260 worth of the stock or 14,250 shares.

Calavo Growers, Inc. (NASDAQ:CVGW) Ratings Coverage

Out of 4 analysts covering Calavo Growers (NASDAQ:CVGW), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Calavo Growers has been the topic of 11 analyst reports since August 24, 2015 according to StockzIntelligence Inc. Stephens maintained Calavo Growers, Inc. (NASDAQ:CVGW) rating on Monday, August 24. Stephens has “Overweight” rating and $65 price target. The stock has “Neutral” rating given by DA Davidson on Friday, September 4. DA Davidson upgraded the shares of CVGW in a report on Thursday, January 7 to “Buy” rating. As per Wednesday, March 2, the company rating was downgraded by DA Davidson. BB&T Capital upgraded the stock to “Buy” rating in Friday, September 4 report. Lake Street maintained Calavo Growers, Inc. (NASDAQ:CVGW) on Thursday, September 8 with “Buy” rating. The stock of Calavo Growers, Inc. (NASDAQ:CVGW) earned “Overweight” rating by Stephens on Friday, November 11. The firm earned “Buy” rating on Wednesday, December 30 by Lake Street. The rating was downgraded by Vetr on Wednesday, August 26 to “Buy”. Buckingham Research initiated the stock with “Neutral” rating in Monday, October 19 report.

CVGW Company Profile

Calavo Growers, Inc. (Calavo), incorporated on January 5, 2001, is a well-known provider of fresh food. The Firm is engaged in the marketing and distribution of avocados, prepared avocados, and other perishable foods throughout the United States. The Firm also delivers an array of fresh and prepared food products to food distributors, produce wholesalers, supermarkets, convenience stores, and restaurants on a global basis. Calavo procures avocados principally from California, Mexico, and Chile. The Firm sorts, pack, and/or ripens avocados, tomatoes and/or Hawaiian grown papayas. The Firm also produces salsa and prepares ready-to-eat produce and deli products. The Firm distributes its products both domestically and internationally. The Firm operates in three business divisions: Fresh products, Calavo Foods and Renaissance Food Group, LLC (RFG).

More notable recent Calavo Growers, Inc. (NASDAQ:CVGW) news were published by: Nasdaq.com which released: “How To YieldBoost Calavo Growers From 1.6% To 15.9% Using Options” on November 30, 2016, also Marketwatch.com with their article: “Calavo Growers started at buy with $75 stock price target at Wunderlich Securities” published on March 14, 2011, Businesswire.com published: “Calavo Growers, Inc. Announces Record Fiscal 2016 Third Quarter Results” on September 07, 2016. More interesting news about Calavo Growers, Inc. (NASDAQ:CVGW) were released by: Nasdaq.com and their article: “Calavo Growers, Inc. (CVGW) Ex-Dividend Date Scheduled for November 15, 2016” published on November 14, 2016 as well as Businesswire.com‘s news article titled: “Calavo Growers, Inc. Announces Record Fiscal 2016 Second Quarter Results” with publication date: June 06, 2016.

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By Marie Mckinney


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