Limoneira (NASDAQ:LMNR) Downgraded by StockNews.com to Sell

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

Limoneira Stock Performance

Shares of Limoneira stock opened at $22.91 on Tuesday. Limoneira has a one year low of $17.37 and a one year high of $29.22. The firm has a market capitalization of $414.21 million, a price-to-earnings ratio of 60.29 and a beta of 0.52. The business has a 50-day simple moving average of $24.77 and a 200 day simple moving average of $24.97. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.74 and a quick ratio of 0.69.

Institutional Trading of Limoneira

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp increased its holdings in Limoneira by 3.4% during the 4th quarter. Bank of New York Mellon Corp now owns 120,532 shares of the company’s stock worth $2,948,000 after purchasing an additional 3,932 shares in the last quarter. Van ECK Associates Corp increased 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 purchasing an additional 1,127 shares in the last quarter. Robertson Stephens Wealth Management LLC increased its holdings in Limoneira by 144.8% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 101,460 shares of the company’s stock worth $2,489,000 after purchasing an additional 60,010 shares in the last quarter. Inspire Investing LLC increased its holdings in Limoneira by 3.9% during the 4th quarter. Inspire Investing LLC now owns 16,279 shares of the company’s stock worth $398,000 after purchasing an additional 617 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in Limoneira by 20.1% during the 4th quarter. SG Americas Securities LLC now owns 6,924 shares of the company’s stock worth $169,000 after purchasing an additional 1,160 shares in the last quarter. 64.35% of the stock is owned by institutional investors.

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.