Mission Produce, Inc. (NASDAQ:AVO) Stock Position Increased by Algert Global LLC

Algert Global LLC raised its holdings in shares of Mission Produce, Inc. (NASDAQ:AVO) by 486.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,312 shares of the company’s stock after acquiring an additional 64,952 shares during the period. Algert Global LLC owned approximately 0.11% of Mission Produce worth $1,125,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Invesco Ltd. raised its position in shares of Mission Produce by 1.2% during the 4th quarter. Invesco Ltd. now owns 96,888 shares of the company’s stock worth $1,392,000 after buying an additional 1,123 shares in the last quarter. R Squared Ltd bought a new position in Mission Produce during the 4th quarter valued at $34,000. Price T Rowe Associates Inc. MD increased its position in shares of Mission Produce by 19.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,392 shares of the company’s stock valued at $250,000 after purchasing an additional 2,819 shares during the period. New York State Teachers Retirement System bought a new stake in shares of Mission Produce in the 4th quarter worth $57,000. Finally, New York State Common Retirement Fund lifted its holdings in shares of Mission Produce by 72.6% in the fourth quarter. New York State Common Retirement Fund now owns 9,509 shares of the company’s stock valued at $137,000 after buying an additional 4,000 shares during the period. 63.57% of the stock is currently owned by institutional investors.

Insider Activity at Mission Produce

In related news, insider Juan R. Wiesner sold 75,153 shares of Mission Produce stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $10.08, for a total value of $757,542.24. Following the transaction, the insider now owns 1,000,000 shares of the company’s stock, valued at approximately $10,080,000. This trade represents a 6.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 35.41% of the company’s stock.

Mission Produce Price Performance

Shares of Mission Produce stock opened at $10.38 on Friday. Mission Produce, Inc. has a 52 week low of $9.54 and a 52 week high of $15.25. The company has a current ratio of 1.87, a quick ratio of 1.26 and a debt-to-equity ratio of 0.23. The stock has a market cap of $737.73 million, a PE ratio of 20.35 and a beta of 0.54. The company’s 50-day moving average price is $10.32 and its two-hundred day moving average price is $11.90.

About Mission Produce

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.