Limoneira (NASDAQ:LMNR) Rating Lowered to Sell at StockNews.com

Limoneira (NASDAQ:LMNR) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

Limoneira Trading Up 2.7 %

NASDAQ LMNR opened at $22.91 on Tuesday. The company has a quick ratio of 0.69, a current ratio of 0.74 and a debt-to-equity ratio of 0.21. Limoneira has a twelve month low of $17.37 and a twelve month high of $29.22. The company has a market cap of $414.21 million, a price-to-earnings ratio of 60.29 and a beta of 0.52. The business’s fifty day moving average is $24.77 and its 200 day moving average is $24.97.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of LMNR. Van ECK Associates Corp lifted its holdings in Limoneira by 77.5% during the 4th quarter. Van ECK Associates Corp now owns 2,581 shares of the company’s stock worth $63,000 after buying an additional 1,127 shares during the period. BNP Paribas Financial Markets lifted its holdings in Limoneira by 14.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,486 shares of the company’s stock worth $92,000 after buying an additional 436 shares during the period. SG Americas Securities LLC acquired a new position in Limoneira during the 3rd quarter worth about $153,000. Legacy Capital Group California Inc. acquired a new position in Limoneira during the 3rd quarter worth about $206,000. Finally, JPMorgan Chase & Co. lifted its holdings in Limoneira by 27.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,086 shares of the company’s stock worth $241,000 after buying an additional 1,981 shares during the period. 64.35% of the stock is owned by institutional investors and hedge funds.

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.