CHURCHILL MANAGEMENT Corp Purchases New Position in Village Farms International, Inc. (NASDAQ:VFF)

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.

Village Farms International (NASDAQ:VFF) last released its earnings results on Friday, November 13th. The company reported $0.01 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.01. The company had revenue of $43.04 million during the quarter, compared to the consensus estimate of $39.85 million. Village Farms International had a negative return on equity of 9.65% and a negative net margin of 5.42%. As a group, research analysts expect that Village Farms International, Inc. will post 0.01 EPS for the current fiscal year.

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.

See Also: What is the definition of arbitrage?

Want to see what other hedge funds are holding VFF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Village Farms International, Inc. (NASDAQ:VFF).

Institutional Ownership by Quarter for Village Farms International (NASDAQ:VFF)

Receive News & Ratings for Village Farms International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Village Farms International and related companies with MarketBeat.com's FREE daily email newsletter.