Alico (NASDAQ:ALCO) Lowered to Sell Rating by Wall Street Zen

Wall Street Zen cut shares of Alico (NASDAQ:ALCO) from a hold rating to a sell rating in a research report report published on Sunday.

ALCO has been the topic of a number of other reports. Roth Mkm restated a “buy” rating and issued a $42.00 price target on shares of Alico in a report on Wednesday, November 26th. Weiss Ratings reiterated a “sell (d)” rating on shares of Alico in a report on Wednesday, January 21st. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, Alico presently has a consensus rating of “Hold” and an average target price of $42.00.

Alico Price Performance

NASDAQ ALCO opened at $38.47 on Friday. The firm’s 50 day moving average price is $40.12 and its 200-day moving average price is $36.62. The company has a debt-to-equity ratio of 0.82, a quick ratio of 13.02 and a current ratio of 14.39. The company has a market cap of $294.56 million, a PE ratio of -2.08 and a beta of 1.02. Alico has a 52-week low of $27.61 and a 52-week high of $43.20.

Alico (NASDAQ:ALCO) last announced its earnings results on Wednesday, February 4th. The company reported ($0.96) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.92). The company had revenue of $1.89 million for the quarter, compared to the consensus estimate of $3.22 million. Alico had a negative net margin of 487.45% and a negative return on equity of 101.66%. Sell-side analysts forecast that Alico will post -0.37 EPS for the current fiscal year.

Hedge Funds Weigh In On Alico

Several hedge funds have recently made changes to their positions in the company. Nisa Investment Advisors LLC lifted its holdings in shares of Alico by 24.3% during the third quarter. Nisa Investment Advisors LLC now owns 1,506 shares of the company’s stock worth $52,000 after purchasing an additional 294 shares during the period. Osaic Holdings Inc. raised its holdings in shares of Alico by 24.2% during the second quarter. Osaic Holdings Inc. now owns 1,611 shares of the company’s stock worth $53,000 after purchasing an additional 314 shares during the last quarter. Prescott Group Capital Management L.L.C. lifted its position in Alico by 1.9% during the fourth quarter. Prescott Group Capital Management L.L.C. now owns 20,372 shares of the company’s stock valued at $741,000 after purchasing an additional 372 shares during the period. Trexquant Investment LP lifted its position in Alico by 6.5% during the fourth quarter. Trexquant Investment LP now owns 6,917 shares of the company’s stock valued at $252,000 after purchasing an additional 424 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings in Alico by 86.6% in the third quarter. BNP Paribas Financial Markets now owns 1,030 shares of the company’s stock valued at $36,000 after purchasing an additional 478 shares during the last quarter. 62.28% of the stock is owned by institutional investors and hedge funds.

Alico Company Profile

Alico, Inc is an agribusiness and land management company headquartered in Fort Myers, Florida. The company owns and manages over 110,000 acres of land in southwestern Florida, with operations focused on citrus groves, sugarcane production, forestry and other row crops. Alico leverages its extensive land holdings to support integrated agricultural and environmental stewardship practices.

In its citrus division, Alico cultivates and markets fresh oranges for both the retail and processing markets, while its sugarcane segment supplies raw cane to domestic sugar mills.