Alico (NASDAQ:ALCO - Get Free Report) was upgraded by investment analysts at StockNews.com to a "sell" rating in a research note issued to investors on Friday.
Alico Trading Up 0.4 %
Shares of NASDAQ:ALCO traded up $0.11 during trading on Friday, hitting $29.72. 27,256 shares of the company's stock were exchanged, compared to its average volume of 79,037. The company has a current ratio of 3.81, a quick ratio of 0.99 and a debt-to-equity ratio of 0.35. The firm has a market cap of $227.00 million, a P/E ratio of 32.30 and a beta of 0.81. The firm has a 50-day moving average price of $28.97 and a two-hundred day moving average price of $27.76. Alico has a 1-year low of $24.14 and a 1-year high of $34.08.
Alico (NASDAQ:ALCO - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported ($1.20) EPS for the quarter, missing analysts' consensus estimates of ($0.93) by ($0.27). Alico had a negative return on equity of 6.06% and a net margin of 14.95%. Equities analysts predict that Alico will post -0.37 earnings per share for the current year.
Institutional Investors Weigh In On Alico
Hedge funds have recently bought and sold shares of the company. Perritt Capital Management Inc boosted its holdings in shares of Alico by 66.7% in the fourth quarter. Perritt Capital Management Inc now owns 5,000 shares of the company's stock valued at $130,000 after buying an additional 2,000 shares during the period. Wells Fargo & Company MN lifted its position in Alico by 21.3% in the 4th quarter. Wells Fargo & Company MN now owns 5,177 shares of the company's stock valued at $134,000 after acquiring an additional 908 shares in the last quarter. Harbor Advisors LLC acquired a new position in Alico in the 3rd quarter worth $215,000. Barclays PLC increased its holdings in Alico by 229.2% during the 3rd quarter. Barclays PLC now owns 9,336 shares of the company's stock worth $261,000 after purchasing an additional 6,500 shares in the last quarter. Finally, Riverwater Partners LLC acquired a new stake in shares of Alico in the 4th quarter valued at about $273,000. 62.28% of the stock is currently owned by institutional investors and hedge funds.
About Alico
(
Get Free Report)
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.
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