SFE Investment Counsel Makes New $788,000 Investment in Limoneira Co $LMNR

SFE Investment Counsel bought a new stake in shares of Limoneira Co (NASDAQ:LMNR) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 60,010 shares of the company’s stock, valued at approximately $788,000.

Other hedge funds have also recently modified their holdings of the company. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Limoneira in the first quarter worth approximately $256,000. Jane Street Group LLC purchased a new position in Limoneira during the 1st quarter valued at $335,000. Geode Capital Management LLC grew its position in Limoneira by 5.6% in the 2nd quarter. Geode Capital Management LLC now owns 397,720 shares of the company’s stock valued at $6,226,000 after acquiring an additional 20,913 shares during the last quarter. JPMorgan Chase & Co. grew its position in Limoneira by 248.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 44,238 shares of the company’s stock valued at $692,000 after acquiring an additional 31,552 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in Limoneira by 29.5% in the second quarter. Rhumbline Advisers now owns 24,943 shares of the company’s stock worth $390,000 after purchasing an additional 5,682 shares during the period. Institutional investors own 64.35% of the company’s stock.

Limoneira Stock Up 0.3%

Shares of NASDAQ:LMNR opened at $13.85 on Friday. Limoneira Co has a 52-week low of $11.66 and a 52-week high of $16.62. The stock has a market cap of $251.10 million, a P/E ratio of -6.07 and a beta of 0.30. The business’s 50 day moving average is $13.30 and its 200 day moving average is $13.38. The company has a quick ratio of 1.53, a current ratio of 1.68 and a debt-to-equity ratio of 0.61.

Limoneira (NASDAQ:LMNR) last released its quarterly earnings data on Tuesday, June 9th. The company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.08). The firm had revenue of $23.93 million for the quarter, compared to analysts’ expectations of $21.42 million. Limoneira had a negative return on equity of 13.94% and a negative net margin of 30.50%. Sell-side analysts predict that Limoneira Co will post -0.47 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Lake Street Capital decreased their target price on Limoneira from $19.00 to $18.00 and set a “buy” rating for the company in a research report on Wednesday, June 10th. HC Wainwright cut shares of Limoneira to a “buy” rating in a report on Wednesday, June 10th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Limoneira in a research note on Wednesday, June 24th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Limoneira currently has a consensus rating of “Hold” and a consensus price target of $18.00.

Limoneira Profile

Limoneira Company (NASDAQ: LMNR), founded in 1893 and based in Santa Paula, California, is a diversified agribusiness and real estate enterprise. As one of the oldest citrus producers in the United States, Limoneira has built a reputation for cultivating and marketing high-quality citrus fruits, avocados and specialty crops. The company’s vertically integrated model encompasses farming, packing, processing and marketing activities designed to deliver fresh produce to domestic and international markets.

In its agricultural operations, Limoneira specializes in lemons, oranges and avocados, employing modern irrigation, harvesting and packing technologies to maintain consistent product quality and supply.