Alico (NASDAQ:ALCO) Stock Rating Upgraded by StockNews.com

Alico (NASDAQ:ALCO) was upgraded by equities research analysts at StockNews.com to a “sell” rating in a research report issued on Friday.

Alico Trading Down 2.6 %

NASDAQ ALCO opened at $29.61 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.99 and a current ratio of 3.81. The company’s 50 day moving average price is $28.85 and its 200 day moving average price is $27.76. The firm has a market capitalization of $226.22 million, a price-to-earnings ratio of 32.19 and a beta of 0.81. Alico has a one year low of $24.14 and a one year high of $34.08.

Alico (NASDAQ:ALCO) last released its earnings results on Wednesday, February 12th. The company reported ($1.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.93) by ($0.27). Alico had a net margin of 14.95% and a negative return on equity of 6.06%. On average, sell-side analysts predict that Alico will post -0.37 EPS for the current year.

Institutional Investors Weigh In On Alico

Hedge funds have recently made changes to their positions in the stock. Stifel Financial Corp raised its holdings in Alico by 8.2% in the 4th quarter. Stifel Financial Corp now owns 14,579 shares of the company’s stock valued at $378,000 after acquiring an additional 1,105 shares in the last quarter. Barclays PLC raised its stake in shares of Alico by 14.5% in the fourth quarter. Barclays PLC now owns 10,686 shares of the company’s stock valued at $277,000 after purchasing an additional 1,350 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Alico by 21.3% during the 4th quarter. Wells Fargo & Company MN now owns 5,177 shares of the company’s stock worth $134,000 after acquiring an additional 908 shares during the period. Riverwater Partners LLC bought a new position in Alico during the fourth quarter worth about $273,000. Finally, Perritt Capital Management Inc boosted its holdings in Alico by 66.7% during the fourth quarter. Perritt Capital Management Inc now owns 5,000 shares of the company’s stock valued at $130,000 after purchasing an additional 2,000 shares in the last quarter. Institutional investors own 62.28% of the company’s stock.

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.