Alico (NASDAQ:ALCO) Shares Cross Above 200-Day Moving Average – Time to Sell?

Alico, Inc. (NASDAQ:ALCO) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $35.34 and traded as high as $41.64. Alico shares last traded at $41.17, with a volume of 15,046 shares.

Analysts Set New Price Targets

ALCO has been the subject of several research analyst reports. Roth Mkm reaffirmed a “buy” rating and set a $42.00 price target on shares of Alico in a research report on Wednesday, November 26th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Alico in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $42.00.

Alico Trading Up 0.5%

The company has a debt-to-equity ratio of 0.82, a current ratio of 14.39 and a quick ratio of 13.02. The business’s 50-day simple moving average is $38.45 and its two-hundred day simple moving average is $35.34. The stock has a market capitalization of $315.36 million, a price-to-earnings ratio of -2.22 and a beta of 1.02.

Alico (NASDAQ:ALCO) last issued its earnings results on Wednesday, February 4th. The company reported ($0.96) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.92). The business had revenue of $1.89 million during the quarter, compared to analysts’ expectations of $3.22 million. Alico had a negative net margin of 487.45% and a negative return on equity of 101.66%. On average, research analysts anticipate that Alico, Inc. will post -0.37 earnings per share for the current fiscal year.

Alico Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, January 2nd were given a $0.05 dividend. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $0.20 annualized dividend and a yield of 0.5%. Alico’s dividend payout ratio (DPR) is -1.08%.

Institutional Investors Weigh In On Alico

Several institutional investors and hedge funds have recently modified their holdings of ALCO. Raymond James Financial Inc. acquired a new stake in shares of Alico in the second quarter valued at about $28,000. BNP Paribas Financial Markets lifted its position in Alico by 86.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,030 shares of the company’s stock worth $36,000 after acquiring an additional 478 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in Alico by 24.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,506 shares of the company’s stock worth $52,000 after acquiring an additional 294 shares during the period. Osaic Holdings Inc. grew its position in Alico by 24.2% in the second quarter. Osaic Holdings Inc. now owns 1,611 shares of the company’s stock valued at $53,000 after acquiring an additional 314 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its position in Alico by 792.7% in the second quarter. Tower Research Capital LLC TRC now owns 3,285 shares of the company’s stock valued at $107,000 after acquiring an additional 2,917 shares in the last quarter. Hedge funds and other institutional investors own 62.28% of the company’s stock.

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.