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

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

Other research analysts have also recently issued reports about the stock. TheStreet cut shares of Limoneira from a “b-” rating to a “c+” rating in a report on Tuesday, January 30th. Roth Mkm raised their price objective on shares of Limoneira from $17.00 to $23.00 and gave the stock a “buy” rating in a research note on Tuesday, January 2nd.

Limoneira Price Performance

Shares of NASDAQ:LMNR opened at $19.85 on Friday. Limoneira has a 52 week low of $13.88 and a 52 week high of $21.62. The company has a quick ratio of 0.84, a current ratio of 0.92 and a debt-to-equity ratio of 0.28. The company has a market cap of $357.30 million, a P/E ratio of -34.22, a PEG ratio of 10.29 and a beta of 0.55. The company has a 50-day moving average price of $18.96 and a 200 day moving average price of $17.78.

Limoneira (NASDAQ:LMNR) last issued its earnings results on Thursday, March 7th. The company reported ($0.23) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.05. Limoneira had a negative net margin of 5.40% and a negative return on equity of 1.16%. The company had revenue of $39.73 million during the quarter, compared to analysts’ expectations of $39.07 million. During the same period last year, the company posted ($0.53) earnings per share. Research analysts predict that Limoneira will post 0.13 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Global Alpha Capital Management Ltd. grew its stake in Limoneira by 2.3% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 2,980,140 shares of the company’s stock worth $45,656,000 after acquiring an additional 66,000 shares during the period. Gamco Investors INC. ET AL grew its stake in Limoneira by 24.5% in the 3rd quarter. Gamco Investors INC. ET AL now owns 152,300 shares of the company’s stock worth $2,333,000 after acquiring an additional 30,000 shares during the period. SG Capital Management LLC purchased a new stake in Limoneira in the 3rd quarter worth approximately $882,000. SG Americas Securities LLC grew its stake in Limoneira by 26.5% in the 4th quarter. SG Americas Securities LLC now owns 9,621 shares of the company’s stock worth $198,000 after acquiring an additional 2,013 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new stake in Limoneira in the 3rd quarter worth approximately $419,000. 64.35% of the stock is owned by hedge funds and other 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.