Market Runner: Is Buying Stock Like Limoneira Company After Such Increase Winning Strategy?

Market Runner: Is Buying Stock Like Limoneira Company After Such Increase Winning Strategy?

The stock of Limoneira Company (NASDAQ:LMNR) is a huge mover today! About 76,760 shares traded hands or 138.95% up from the average. Limoneira Company (NASDAQ:LMNR) has risen 22.09% since March 29, 2016 and is uptrending. It has outperformed by 18.62% the S&P500.
The move comes after 8 months positive chart setup for the $277.23 million company. It was reported on Oct, 31 by Barchart.com. We have $31.11 PT which if reached, will make NASDAQ:LMNR worth $160.79M more.

Limoneira Company (NASDAQ:LMNR) Ratings Coverage

Out of 3 analysts covering Limoneira (NASDAQ:LMNR), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Limoneira has been the topic of 3 analyst reports since September 10, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Monday, October 19 by Buckingham Research. The firm earned “Buy” rating on Thursday, September 10 by TH Capital. Roth Capital maintained it with “Buy” rating and $25 target price in Thursday, September 10 report.

According to Zacks Investment Research, “Limoneira Company is an agribusiness and real estate development company. Its current operations consist of fruit production and marketing, real estate development and capital investment activities. Limoneira has three business segments: agribusiness, rental operations, and real estate development. The agribusiness segment includes its farming and lemon packing operations. The Company produces lemons, avocados, oranges, and other specialty crops. The rental operations segment includes housing, organic recycling, commercial and leased land operations. The real estate development segment includes its real estate projects and development. Limoneira Company is based in Santa Paula, California.”

Insitutional Activity: The institutional sentiment increased to 1.69 in Q2 2016. Its up 0.54, from 1.15 in 2016Q1. The ratio increased, as 5 funds sold all Limoneira Company shares owned while 11 reduced positions. 5 funds bought stakes while 22 increased positions. They now own 3.43 million shares or 0.83% less from 3.45 million shares in 2016Q1.
Wells Fargo And Mn owns 4,001 shares or 0% of their US portfolio. Moreover, Blackrock Institutional Trust Na has 0% invested in Limoneira Company (NASDAQ:LMNR) for 135,190 shares. Commonwealth Of Pennsylvania Public School Empls Retrmt has 10,973 shares for 0% of their US portfolio. The Montana-based First Interstate Retail Bank has invested 0.37% in Limoneira Company (NASDAQ:LMNR). Teachers Advsrs has 17,899 shares for 0% of their US portfolio. Bnp Paribas Arbitrage has 0% invested in the company for 460 shares. Investors Cap Advisory has invested 0.1% of its portfolio in Limoneira Company (NASDAQ:LMNR). Legal General Group Inc Plc last reported 0% of its portfolio in the stock. Royal Savings Bank Of Canada holds 2,030 shares or 0% of its portfolio. Stifel Fincl Corporation owns 80,409 shares or 0.01% of their US portfolio. Moreover, First Wilshire has 0.53% invested in Limoneira Company (NASDAQ:LMNR) for 92,980 shares. New Jersey Better Educational Savings accumulated 0.71% or 60,000 shares. State Street Corp last reported 0% of its portfolio in the stock. Comml Bank Of New York Mellon Corporation, a New York-based fund reported 60,742 shares. Arbiter Prtnrs Management Ltd Liability Com reported 12,668 shares or 0.03% of all its holdings.

Insider Transactions: Since October 20, 2016, the stock had 0 insider purchases, and 1 sale for $192,771 net activity. 9,867 shares were sold by Merriman John W.H., worth $192,771 on Thursday, October 20.

More notable recent Limoneira Company (NASDAQ:LMNR) news were published by: Businesswire.com which released: “Limoneira Company Announces Formation of Limoneira Lewis Community Builders …” on November 16, 2015, also Quotes.Wsj.com with their article: “Limoneira Co. LMNR (US: Nasdaq)” published on February 11, 2011, Businesswire.com published: “Limoneira Company Announces Formation of Limoneira South Africa” on April 12, 2016. More interesting news about Limoneira Company (NASDAQ:LMNR) were released by: Businesswire.com and their article: “Limoneira Company Grows a New Solar Orchard – Harvests Energy from the Sun” published on June 27, 2016 as well as Businesswire.com‘s news article titled: “Limoneira Company Completes Acquisition of 757 Acres of Citrus Orchards in San …” with publication date: December 03, 2015.

LMNR Company Profile

Limoneira Company, incorporated on April 12, 1990, is an agribusiness and real estate development company. The Company’s activities consist of fruit production, sales and marketing, rental operations, real estate development and capital investment activities. The Company’s three business divisions are agribusiness, rental activities and real estate development. The Company’s agribusiness division consists of two divisions, namely lemon activities and other agribusiness, and includes its farming, harvesting, lemon packing and lemon sales operations. The Company’s rental activities business division includes its residential and commercial rentals, leased land activities and organic recycling. The Company’s real estate development business division includes its real estate projects and development. The Firm operates its packinghouses in Santa Paula, California and Yuma, Arizona. The Company’s water resources include water rights, usage rights and pumping rights to the water in aquifers.

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