StockNews.com Upgrades Alico (NASDAQ:ALCO) to Hold

Alico (NASDAQ:ALCO) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Tuesday.

Alico Stock Down 9.4 %

ALCO stock traded down $2.71 during midday trading on Tuesday, hitting $26.02. The company’s stock had a trading volume of 86,873 shares, compared to its average volume of 24,641. 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 company’s fifty day moving average price is $28.10 and its 200 day moving average price is $28.10. The stock has a market capitalization of $198.27 million, a P/E ratio of 4.13 and a beta of 0.86. Alico has a twelve month low of $22.58 and a twelve month high of $31.00.

Alico (NASDAQ:ALCO) last announced its quarterly earnings data on Wednesday, February 7th. The company reported ($2.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.29) by ($2.06). The company had revenue of $13.99 million for the quarter, compared to the consensus estimate of $11.50 million. Alico had a negative return on equity of 14.09% and a net margin of 110.84%. As a group, equities research analysts predict that Alico will post -3.41 EPS for the current year.

Institutional Trading of Alico

A number of hedge funds have recently made changes to their positions in the business. Gate City Capital Management LLC bought a new stake in Alico in the 4th quarter valued at $20,583,000. Pacific Ridge Capital Partners LLC raised its position in shares of Alico by 4.3% in the third quarter. Pacific Ridge Capital Partners LLC now owns 215,500 shares of the company’s stock valued at $5,379,000 after purchasing an additional 8,971 shares during the period. Towerview LLC lifted its stake in shares of Alico by 8.0% during the 4th quarter. Towerview LLC now owns 215,303 shares of the company’s stock worth $6,261,000 after buying an additional 15,981 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Alico by 0.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 71,140 shares of the company’s stock worth $1,776,000 after buying an additional 604 shares during the period. Finally, Redmont Wealth Advisors LLC grew its stake in Alico by 22.2% in the 4th quarter. Redmont Wealth Advisors LLC now owns 27,809 shares of the company’s stock valued at $809,000 after buying an additional 5,056 shares during the last quarter. 62.28% of the stock is owned by institutional investors and hedge funds.

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.