StockNews.com upgraded shares of Alico (NASDAQ:ALCO – Free Report) from a sell rating to a hold rating in a report published on Tuesday.
Alico Stock Up 2.1 %
ALCO stock opened at $27.69 on Tuesday. Alico has a fifty-two week low of $22.58 and a fifty-two week high of $31.00. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.52 and a quick ratio of 1.05. The stock has a market capitalization of $211.03 million, a price-to-earnings ratio of 5.27 and a beta of 0.86. The business’s fifty day moving average price is $28.10 and its two-hundred day moving average price is $28.09.
Alico (NASDAQ:ALCO – Get Free Report) last released its quarterly earnings results on Wednesday, February 7th. The company reported ($2.35) EPS for the quarter, missing analysts’ consensus estimates of ($0.29) by ($2.06). Alico had a negative return on equity of 14.09% and a net margin of 110.84%. The business had revenue of $13.99 million for the quarter, compared to the consensus estimate of $11.50 million. On average, equities analysts anticipate that Alico will post -3.41 earnings per share for the current year.
Alico Announces Dividend
Institutional Investors Weigh In On Alico
Several institutional investors have recently made changes to their positions in ALCO. BNP Paribas Financial Markets increased its stake in Alico by 80.1% during the 1st quarter. BNP Paribas Financial Markets now owns 3,582 shares of the company’s stock worth $105,000 after acquiring an additional 1,593 shares during the period. SG Americas Securities LLC bought a new position in Alico in the 4th quarter valued at about $120,000. Harbor Advisors LLC acquired a new position in shares of Alico in the 4th quarter valued at approximately $224,000. Transcend Capital Advisors LLC bought a new stake in shares of Alico during the 4th quarter worth approximately $232,000. Finally, Accordant Advisory Group Inc bought a new stake in shares of Alico during the 1st quarter worth approximately $392,000. 62.28% of the stock is currently owned by 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.
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