Limoneira (NASDAQ:LMNR) Upgraded to “Hold” at StockNews.com

Limoneira (NASDAQ:LMNR) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Separately, Lake Street Capital decreased their target price on Limoneira from $25.00 to $23.00 and set a “hold” rating for the company in a research report on Thursday.

Limoneira Trading Down 13.3 %

Shares of NASDAQ LMNR traded down $2.85 during midday trading on Thursday, hitting $18.51. 205,815 shares of the company traded hands, compared to its average volume of 53,781. Limoneira has a 12-month low of $18.34 and a 12-month high of $29.22. The firm has a market cap of $334.01 million, a P/E ratio of 48.71 and a beta of 0.46. The stock has a 50-day moving average price of $22.84 and a 200 day moving average price of $25.16. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.69 and a current ratio of 0.74.

Institutional Investors Weigh In On Limoneira

Hedge funds have recently bought and sold shares of the business. Global Alpha Capital Management Ltd. lifted its holdings in shares of Limoneira by 3.0% during the third quarter. Global Alpha Capital Management Ltd. now owns 3,299,703 shares of the company’s stock valued at $87,442,000 after purchasing an additional 96,054 shares during the last quarter. Robertson Stephens Wealth Management LLC increased its position in Limoneira by 144.8% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 101,460 shares of the company’s stock valued at $2,489,000 after buying an additional 60,010 shares in the last quarter. Riverwater Partners LLC raised its stake in Limoneira by 27.8% during the fourth quarter. Riverwater Partners LLC now owns 256,159 shares of the company’s stock valued at $6,266,000 after buying an additional 55,736 shares during the last quarter. Sowell Financial Services LLC bought a new stake in Limoneira in the fourth quarter worth $958,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Limoneira by 324.3% in the fourth quarter. JPMorgan Chase & Co. now owns 38,556 shares of the company’s stock worth $943,000 after acquiring an additional 29,470 shares during the last quarter. Institutional investors own 64.35% of the company’s stock.

About Limoneira

Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally. The company operates through three divisions: Agribusiness, Rental Operations, and Real Estate Development. It grows, processes, packs, markets, and sells lemons. The company also grows avocado, oranges, and specialty citrus and other crops, including Moro blood oranges, Cara Cara oranges, Valencia oranges, Minneola tangelos, Star Ruby grapefruit, pummelos, and wine grapes.