Alico (NASDAQ:ALCO) Lifted to Sell at StockNews.com

Alico (NASDAQ:ALCO) was upgraded by equities researchers at StockNews.com to a “sell” rating in a note issued to investors on Thursday.

Alico Trading Up 0.5 %

ALCO stock traded up $0.16 during midday trading on Thursday, hitting $29.27. The stock had a trading volume of 47,919 shares, compared to its average volume of 25,939. The company has a current ratio of 2.55, a quick ratio of 1.08 and a debt-to-equity ratio of 0.30. The business has a fifty day moving average price of $27.18 and a two-hundred day moving average price of $27.39. Alico has a 1-year low of $23.44 and a 1-year high of $31.00. The firm has a market cap of $223.15 million, a P/E ratio of 5.58 and a beta of 0.79.

Alico (NASDAQ:ALCO) last issued its quarterly earnings results on Monday, August 5th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.02). The business had revenue of $13.61 million during the quarter, compared to analyst estimates of $17.80 million. Alico had a net margin of 99.63% and a negative return on equity of 8.22%. On average, sell-side analysts predict that Alico will post -5.6 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Alico

Institutional investors and hedge funds have recently bought and sold shares of the stock. Gate City Capital Management LLC bought a new stake in Alico during the fourth quarter worth $20,583,000. Vanguard Group Inc. raised its stake in shares of Alico by 57.0% during the 1st quarter. Vanguard Group Inc. now owns 160,913 shares of the company’s stock worth $4,712,000 after purchasing an additional 58,428 shares during the period. Acuitas Investments LLC boosted its holdings in shares of Alico by 19.3% in the 2nd quarter. Acuitas Investments LLC now owns 88,513 shares of the company’s stock worth $2,293,000 after buying an additional 14,291 shares during the last quarter. CM Management LLC grew its position in Alico by 4.7% during the second quarter. CM Management LLC now owns 225,000 shares of the company’s stock valued at $5,830,000 after buying an additional 10,000 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Alico by 2.0% during the second quarter. Dimensional Fund Advisors LP now owns 429,309 shares of the company’s stock worth $11,124,000 after buying an additional 8,306 shares during the last quarter. 62.28% of the stock is owned by hedge funds and other institutional investors.

Alico Company Profile

Alico, Inc, together with its subsidiaries, operates as an agribusiness and land management company in the United States. The company operates in two segments, Alico Citrus, and Land Management and Other Operations. The Alico Citrus segment engages in planting, owning, cultivating, and/or managing citrus groves to produce fruit for sale to fresh and processed citrus markets, including activities related to the purchase and resale of fruit and value-added services, which include contracting for the harvesting, marketing, and hauling of citrus.