Alico (NASDAQ:ALCO – Get Rating) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Thursday.
Alico Stock Performance
NASDAQ ALCO opened at $24.04 on Thursday. The firm has a market capitalization of $182.54 million, a P/E ratio of 5.58 and a beta of 0.67. Alico has a 1-year low of $23.00 and a 1-year high of $43.65. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.47 and a quick ratio of 0.63. The business’s 50-day simple moving average is $29.61 and its 200-day simple moving average is $32.73.
Alico (NASDAQ:ALCO – Get Rating) last released its quarterly earnings results on Tuesday, December 13th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of ($0.25) by $0.42. The firm had revenue of $1.03 million for the quarter, compared to analyst estimates of $1.90 million. Alico had a negative return on equity of 2.06% and a net margin of 34.31%. Equities analysts predict that Alico will post -0.7 EPS for the current year.
Insider Activity
In other news, Director Katherine English sold 1,100 shares of the business’s stock in a transaction that occurred on Thursday, October 13th. The stock was sold at an average price of $29.52, for a total value of $32,472.00. Following the completion of the sale, the director now directly owns 5,100 shares in the company, valued at approximately $150,552. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 7.90% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the stock. Raymond James & Associates boosted its position in Alico by 6.6% during the 1st quarter. Raymond James & Associates now owns 6,001 shares of the company’s stock worth $225,000 after acquiring an additional 372 shares during the period. Bank of New York Mellon Corp boosted its position in Alico by 2.2% during the 1st quarter. Bank of New York Mellon Corp now owns 78,775 shares of the company’s stock worth $2,959,000 after acquiring an additional 1,668 shares during the period. First Eagle Investment Management LLC boosted its position in Alico by 199.8% during the 1st quarter. First Eagle Investment Management LLC now owns 38,970 shares of the company’s stock worth $1,464,000 after acquiring an additional 25,970 shares during the period. Walthausen & Co. LLC boosted its position in Alico by 0.5% during the 1st quarter. Walthausen & Co. LLC now owns 55,110 shares of the company’s stock worth $2,070,000 after acquiring an additional 290 shares during the period. Finally, Citigroup Inc. acquired a new position in Alico during the 1st quarter worth $518,000. 44.84% of the stock is currently owned by institutional investors.
About Alico
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 cultivates citrus trees to produce citrus for delivery to the processed and fresh citrus markets.
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Read More: Alico (NASDAQ:ALCO) Downgraded to “Sell” at StockNews.com