Alico, Inc. (NASDAQ:ALCO) Shares Sold by Moors & Cabot Inc.

Moors & Cabot Inc. cut its stake in Alico, Inc. (NASDAQ:ALCO) by 5.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,915 shares of the company’s stock after selling 600 shares during the period. Moors & Cabot Inc. owned 0.14% of Alico worth $283,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of ALCO. EntryPoint Capital LLC acquired a new stake in shares of Alico during the first quarter worth about $99,000. BNP Paribas Financial Markets boosted its stake in shares of Alico by 80.1% in the first quarter. BNP Paribas Financial Markets now owns 3,582 shares of the company’s stock worth $105,000 after buying an additional 1,593 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in Alico during the first quarter worth about $217,000. Transcend Capital Advisors LLC raised its position in Alico by 7.4% during the second quarter. Transcend Capital Advisors LLC now owns 9,267 shares of the company’s stock valued at $240,000 after acquiring an additional 640 shares in the last quarter. Finally, Empowered Funds LLC lifted its holdings in Alico by 8.2% in the first quarter. Empowered Funds LLC now owns 13,913 shares of the company’s stock valued at $407,000 after acquiring an additional 1,050 shares during the period. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Alico to a “sell” rating in a report on Thursday, August 29th.

Alico Trading Down 4.9 %

Shares of Alico stock opened at $28.50 on Friday. Alico, Inc. has a fifty-two week low of $23.55 and a fifty-two week high of $31.00. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.90 and a current ratio of 2.67. The company has a market cap of $217.28 million, a P/E ratio of 5.43 and a beta of 0.78. The firm has a 50-day simple moving average of $28.09 and a two-hundred day simple moving average of $27.41.

Alico (NASDAQ:ALCO) last announced its earnings results on Monday, August 5th. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.02). Alico had a negative return on equity of 6.72% and a net margin of 56.13%. The business had revenue of $13.61 million for the quarter, compared to analyst estimates of $17.80 million. As a group, equities analysts predict that Alico, Inc. will post -5.6 earnings per share for the current fiscal year.

Alico 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.