CHURCHILL MANAGEMENT Corp acquired a new stake in Village Farms International, Inc. (NASDAQ:VFF) in the fourth quarter, Holdings Channel.com reports. The firm acquired 471,661 shares of the company’s stock, valued at approximately $4,783,000.
A number of other hedge funds have also modified their holdings of VFF. Virtu Financial LLC bought a new position in shares of Village Farms International in the third quarter valued at approximately $113,000. Kathmere Capital Management LLC purchased a new stake in Village Farms International in the 3rd quarter worth approximately $143,000. Squarepoint Ops LLC bought a new position in Village Farms International in the 3rd quarter valued at $67,000. ExodusPoint Capital Management LP purchased a new position in shares of Village Farms International during the 3rd quarter valued at $48,000. Finally, Cambria Investment Management L.P. grew its position in shares of Village Farms International by 23.5% during the 3rd quarter. Cambria Investment Management L.P. now owns 73,668 shares of the company’s stock valued at $337,000 after purchasing an additional 14,032 shares in the last quarter. 14.81% of the stock is currently owned by institutional investors and hedge funds.
Shares of VFF stock opened at $13.47 on Thursday. The business has a 50-day moving average price of $10.77 and a two-hundred day moving average price of $6.84. Village Farms International, Inc. has a 12-month low of $2.07 and a 12-month high of $13.99. The company has a quick ratio of 1.47, a current ratio of 1.99 and a debt-to-equity ratio of 0.20. The firm has a market cap of $888.89 million, a P/E ratio of -84.19 and a beta of 2.34.
Several equities research analysts recently issued reports on the company. Raymond James set a $20.00 price objective on Village Farms International and gave the company a “strong-buy” rating in a research note on Tuesday, December 29th. BidaskClub upgraded Village Farms International from a “hold” rating to a “buy” rating in a research report on Thursday, January 7th. ValuEngine lowered Village Farms International from a “buy” rating to a “hold” rating in a report on Monday, November 16th. Finally, Zacks Investment Research raised shares of Village Farms International from a “sell” rating to a “hold” rating in a research note on Wednesday, December 23rd. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $12.29.
In other news, CEO Michael A. Degiglio sold 128,600 shares of the firm’s stock in a transaction dated Tuesday, December 29th. The stock was sold at an average price of $10.45, for a total transaction of $1,343,870.00. Following the transaction, the chief executive officer now directly owns 9,559,529 shares of the company’s stock, valued at $99,897,078.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christopher C. Woodward sold 5,000 shares of the firm’s stock in a transaction dated Friday, November 27th. The shares were sold at an average price of $10.78, for a total value of $53,900.00. The disclosure for this sale can be found here. Insiders have sold 395,100 shares of company stock worth $4,401,100 over the last three months. Insiders own 20.40% of the company’s stock.
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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