CHURCHILL MANAGEMENT Corp bought a new stake in Village Farms International, Inc. (NASDAQ:VFF) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 471,661 shares of the company’s stock, valued at approximately $4,783,000. CHURCHILL MANAGEMENT Corp owned about 0.71% of Village Farms International as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Bank of America Corp DE boosted its position in Village Farms International by 5.1% in the second quarter. Bank of America Corp DE now owns 103,176 shares of the company’s stock valued at $495,000 after buying an additional 5,023 shares in the last quarter. Raymond James & Associates bought a new position in shares of Village Farms International in the 3rd quarter valued at $242,000. WFA of San Diego LLC acquired a new stake in shares of Village Farms International during the 2nd quarter valued at $102,000. TD Asset Management Inc. grew its position in Village Farms International by 18.9% during the 3rd quarter. TD Asset Management Inc. now owns 37,440 shares of the company’s stock worth $170,000 after acquiring an additional 5,964 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in Village Farms International during the 3rd quarter worth $113,000. 14.81% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have recently commented on VFF shares. BidaskClub raised Village Farms International from a “hold” rating to a “buy” rating in a research note on Thursday, January 7th. Raymond James set a $20.00 target price on shares of Village Farms International and gave the stock a “strong-buy” rating in a research report on Tuesday, December 29th. Zacks Investment Research upgraded shares of Village Farms International from a “sell” rating to a “hold” rating in a research report on Wednesday, December 23rd. Finally, ValuEngine downgraded shares of Village Farms International from a “buy” rating to a “hold” rating in a research note on Monday, November 16th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Village Farms International has a consensus rating of “Buy” and an average target price of $12.29.
NASDAQ:VFF opened at $13.47 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.47 and a current ratio of 1.99. Village Farms International, Inc. has a fifty-two week low of $2.07 and a fifty-two week high of $13.99. The company has a 50 day simple moving average of $10.77 and a two-hundred day simple moving average of $6.84. The company has a market capitalization of $888.89 million, a PE ratio of -84.19 and a beta of 2.34.
Village Farms International (NASDAQ:VFF) last posted its quarterly earnings data on Friday, November 13th. The company reported $0.01 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.01. Village Farms International had a negative net margin of 5.42% and a negative return on equity of 9.65%. The company had revenue of $43.04 million for the quarter, compared to analyst estimates of $39.85 million. Research analysts predict that Village Farms International, Inc. will post 0.01 EPS for the current year.
In other Village Farms International news, Director Christopher C. Woodward sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 27th. The stock was sold at an average price of $10.78, for a total value of $53,900.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Michael A. Degiglio sold 150,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 23rd. The shares were sold at an average price of $11.74, for a total value of $1,761,000.00. Following the completion of the transaction, the chief executive officer now directly owns 9,559,529 shares in the company, valued at $112,228,870.46. The disclosure for this sale can be found here. In the last 90 days, insiders sold 395,100 shares of company stock worth $4,401,100. 20.40% of the stock is owned by company insiders.
About Village Farms International
Village Farms International, Inc, together with its subsidiaries, produces, markets, and distributes greenhouse-grown tomatoes, bell peppers, and cucumbers in North America. It operates through three segments: Produce Business, Energy Business, and Cannabis and Hemp Business. The company also owns and operates a 7.0 megawatt power plant that generates and sells electricity to British Columbia Hydro and Power Authority; and produces and supplies cannabis products.
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